Título
The role of CEO power on CSR reporting: The moderating effect of linking CEO compensation to shareholder return
Autor(es)
Palabras clave
CEO power
Corporate social responsibility reporting
CEO compensation link to share- holder return
Agency theory
Stakeholder theory
Clasificación UNESCO
5311 Organización y Dirección de Empresas
Fecha de publicación
2021
Editor
MPDI
Citación
Pucheta-Martínez, M. C., & Gallego-álvarez, I. (2021). The role of CEO power on CSR reporting: The moderating effect of linking ceo compensation to shareholder return. Sustainability (Switzerland), 13(6). https://doi.org/10.3390/SU13063197
Resumen
The aim of this research was to provide further evidence of the impact of the power of the
Chief Executive Officer (CEO) on corporate social responsibility (CSR) disclosure. Additionally, we
explore the moderating role of CEO compensation linked to shareholder return on the association
between CEO power and CSR disclosure. The theories used follow agency theory and stakeholder
theory and the sample comprised 9182 international firm-year observations collected from the
Thomson Reuters database from 2009 to 2018. Our model was estimated using the generalized
method of moments (GMM) estimator. The results found that CEO power was positively associated
with CSR disclosure, contrary to our expectations. Additionally, our evidence also shows that CEO
compensation linked to shareholder return plays a positive moderating role on the relationship
between CEO power and CSR reporting.
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DOI
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