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The Relationship between CEO Governance and Social Responsibility of Service Firms
- Source :
- Sustainability, Volume 11, Issue 18, Sustainability, Vol 11, Iss 18, p 4942 (2019)
- Publication Year :
- 2019
- Publisher :
- Multidisciplinary Digital Publishing Institute, 2019.
-
Abstract
- Although it is widely accepted that corporate social responsibility (CSR) is key to obtaining business sustainability, there is a significant lack of empirical tests on the longer-term benefits of CSR in academic literature. The objective of our study was to examine the effects of chief executive officer (CEO) governance on CSR in service firms. We used CEO pay slice (CPS) to measure CEO governance and the Korea Economic Justice Institute Index (KEJI) to measure the level of CSR activities. CPS was measured using the compensation information of the board of directors in their business reports. The KEJI was obtained from the website of Citizens&rsquo<br />Coalition for Economic Justice. The sample selected from listed firms consisting of 260 observations was collected from 2013 to 2015 at the TS-2000 and the FnGuide. The results showed that the CPS has a significant negative impact on the level of CSR activities in service firms. Specifically, CPS has a significant negative impact on the level of CSR activities in the areas of human, environment, and society at a significant level of one percent. Based on these results, higher CEO governance is expected to mean lower CSR in service firms. This paper contributes to the field of research in that it is the first research on the relationship between CEO governance and the level of CSR activities in service firms.
- Subjects :
- Index (economics)
Geography, Planning and Development
service corporation
TJ807-830
Accounting
Sample (statistics)
ComputingMilieux_LEGALASPECTSOFCOMPUTING
Management, Monitoring, Policy and Law
TD194-195
Renewable energy sources
0502 economics and business
GE1-350
CEO pay slice
Chief executive officer
Service (business)
050208 finance
corporate social responsibility
Environmental effects of industries and plants
Renewable Energy, Sustainability and the Environment
business.industry
Corporate governance
05 social sciences
Environmental sciences
Sustainability
business sustainability
Corporate social responsibility
CEO power
business
Social responsibility
050203 business & management
Subjects
Details
- Language :
- English
- ISSN :
- 20711050
- Database :
- OpenAIRE
- Journal :
- Sustainability
- Accession number :
- edsair.doi.dedup.....c7c4d8ff10eceae437b58630574d01a3
- Full Text :
- https://doi.org/10.3390/su11184942