Corporate social responsibility and myopic management practice: Is there a link?

Ding, David K.; Ferreira, Christo; Ngo, Vu Minh; Nguyen, Phuc V.; Wongchoti, Udomsak

doi:10.1007/s11156-023-01212-w

Cited by 3 publications

(1 citation statement)

References 80 publications

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“…As this dimension of national culture directly influences the proactive behavior of individuals, particularly those in corporate policymaking roles, it can aid in understanding the board's decisions regarding SP. Since the potential benefits associated with SP are often viewed as uncertain, management may perceive that the costs of SP could outweigh its uncertain future profits [51]. Hence, board members in countries with higher uncertainty avoidance can limit a firm's sustainability activities [40].…”

Section: Uncertainty Avoidancementioning

confidence: 99%

The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Trireksani,

Djajadikerta,

Kamran

et al. 2024

Sustainability

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This study assesses the role of country characteristics on the association between board gender diversity and sustainability performance. It evaluates the significance and relevance of country characteristics in capturing the contextual sensitivity of the relationship between board gender diversity and sustainability performance. Using a sample of 5087 firms from 50 countries, the study establishes that the presence of females on corporate boards enhances sustainability performance. However, the strength of this relationship is contingent on the characteristics of the country within which a firm operates. Specifically, the positive relationship between board gender diversity and sustainability performance is more pronounced in countries with higher cultural orientations on individualism, uncertainty avoidance, indulgence, and femininity. More substantial financial development, an application of civil law and legal systems and weaker economic conditions in a country also facilitate female directors in enhancing sustainability performance. The study provides deeper insights into how country factors interact with gender on the board factor in leading the sustainability performance of firms.

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Section: Uncertainty Avoidancementioning

confidence: 99%

The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Trireksani,

Djajadikerta,

Kamran

et al. 2024

Sustainability

View full text Add to dashboard Cite

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Energy security and the shift to renewable resources: The case of Russia-Ukraine war

Nguyen,

Van Nguyen,

Ngo

2024

The Extractive Industries and Society

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The effect of political connections on the relationship between managers’ personality traits and corporate social responsibility disclosure

Salehi,

Bashirimanesh

2024

JIABR

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Purpose Corporate social responsibility (CSR) might be among the primary factors ensuring any organization’s survival, and disclosing its related information is very important. This research initially investigates the effect of managers’ behavior characteristics, including overconfidence, myopia and narcissism and corporate political ties on the disclosure of CSR. This study also aims to assess the mediating impact of political connections on the association between managerial personality traits and CSR. Design/methodology/approach The research sample included 129 listed companies on the Tehran Stock Exchange from 2013 to 2020. Behavioral managerers charecteristics. A multivariate regression method with combined data (firm-year) was used to test the research hypotheses. Findings The results show that overconfidence and managerial myopia cause the disclosure of CSR to decrease. Managers’ overconfidence and short-term attitudes lead to a decrease in the level of CSR activities of the companies and their disclosure, respectively, 0.021 and 0.025. However, the existence of narcissism in managers and having political ties by companies may lead to an increase in the disclosure of the CSR, respectively, around 0.089 and 0.02. Further findings also indicate that political connections may motivate narcissistic managers to increase CSR disclosure near 0.037. However, the results document no significant impact of political ties on the relationship between managerial overconfidence and myopia with CSR involvement. Research limitations/implications According to the findings, the authors recommend to stockholders that employing narcissistic managers and improving political connections might be two effective strategies to enhance the level of CSR engagement. One of the critical limitations of the current paper might be its generalizability. As Iran is an emerging and fossil fuel seller country, its institutional settings may significantly differ from those of developed and industrial nations. Thus, the readers of these nations must consider such an important issue. Originality/value For the first time, to the best of the authors’ knowledge, this research has investigated the moderating effect of political ties on the association between management behavioral characteristics and the level of fulfilling CSR by listed companies.

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Corporate social responsibility and myopic management practice: Is there a link?

Cited by 3 publications

References 80 publications

The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Energy security and the shift to renewable resources: The case of Russia-Ukraine war

The effect of political connections on the relationship between managers’ personality traits and corporate social responsibility disclosure

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