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Título
Connecting the Dots: Do Financial Analysts Help Corporate Boards Improve Corporate Social Responsibility?
Autor(es)
Materia
Financial Analysts
CSR
CSR decoupling
Clasificación UNESCO
5311 Organización y Dirección de Empresas
Fecha de publicación
2023
Editor
Wiley
Citación
Hussain, N., García Sánchez, I. M., Khan, S. A., Khan, Z., & Martínez Ferrero, J. (2023). Connecting the Dots: Do Financial Analysts Help Corporate Boards Improve Corporate Social Responsibility? British Journal of Management, 34(1), 363-389. https://doi.org/10.1111/1467-8551.12586
Resumen
[EN] This paper presents an examination of the joint impact of board structural elements atfirm level and financial analysts as market-level corporate governance (CG) on corpo-rate social responsibility (CSR) performance. Our study contributes to the CG–CSRliterature by adopting the bundling approach, a perspective that has recently attractedresearchers’ attention as an answer to any heterogeneity and fragmentation in existingfindings. It is based on an extensive sample consisting of 7,739 firm-year observationsof US firms for the 2006–2015 period. The findings suggest that financial analysts com-plement the corporate board with more independence, gender diversity and a specializedCSR committee to realize a certain level of CSR performance of a firm. The findings alsoindicate that analysts substitute for those internal governance factors that are associatedwith weaker boards – larger sizes and dual-role CEOs. We also draw implications forresearch and practice from our findings
URI
ISSN
1045-3172
DOI
10.1111/1467-8551.12586
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