The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective
This study examined the strength of CEOs’ influence on CSR in Chinese listed companies. The companies chosen belonged to the non-financial sector and were listed in the Shanghai stock exchange from 2010 to 2019. The data was extracted from audited annual reports of companies including the director’s...
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
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MDPI
2020
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| Truy cập trực tuyến: | http://digital.lib.ueh.edu.vn/handle/UEH/60101 https://doi.org/10.3390/su12062190 |
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oai:localhost:UEH-601012020-05-05T07:43:48Z The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective Jacob Cherian Muhammad Safdar Sial Dang Khoa Tran Jinsoo Hwang Thai Hong Thuy Khanh Mansoor Ahmed CEO power Corporate social responsibility disclosure Agency theory China This study examined the strength of CEOs’ influence on CSR in Chinese listed companies. The companies chosen belonged to the non-financial sector and were listed in the Shanghai stock exchange from 2010 to 2019. The data was extracted from audited annual reports of companies including the director’s report, chairman’s statements, and notes to financial statements. We applied OLS regression as a baseline methodology to determine the extent and impact of CEO power on CSR disclosures. The results indicated significantly negative relationship between the CEOs’ power and CSR disclosure. Our results showed that separate roles of chairman and CEO can reduce agency problems and increase the CSR disclosures. This study is of importance for regulators, as it enforces the view that regulators and policymakers should continue efforts to improve corporate governance practices and CSR reporting in China, as these changes will not only improve the performance of companies but also befit society at large 2020-05-05T07:36:34Z 2020-05-05T07:36:34Z 2020 Journal Article 2071-1050 http://digital.lib.ueh.edu.vn/handle/UEH/60101 https://doi.org/10.3390/su12062190 en Sustainability Vol. 12, Issue 6 none Portable Document Format (PDF) 1 13 MDPI |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
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DSpaceUEH |
| language |
English |
| topic |
CEO power Corporate social responsibility disclosure Agency theory China |
| spellingShingle |
CEO power Corporate social responsibility disclosure Agency theory China Jacob Cherian The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| description |
This study examined the strength of CEOs’ influence on CSR in Chinese listed companies. The companies chosen belonged to the non-financial sector and were listed in the Shanghai stock exchange from 2010 to 2019. The data was extracted from audited annual reports of companies including the director’s report, chairman’s statements, and notes to financial statements. We applied OLS regression as a baseline methodology to determine the extent and impact of CEO power on CSR disclosures. The results indicated significantly negative relationship between the CEOs’ power and CSR disclosure. Our results showed that separate roles of chairman and CEO can reduce agency problems and increase the CSR disclosures. This study is of importance for regulators, as it enforces the view that regulators and policymakers should continue efforts to improve corporate governance practices and CSR reporting in China, as these changes will not only improve the performance of companies but also befit society at large |
| author2 |
Muhammad Safdar Sial |
| author_facet |
Muhammad Safdar Sial Jacob Cherian |
| format |
Journal Article |
| author |
Jacob Cherian |
| author_sort |
Jacob Cherian |
| title |
The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| title_short |
The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| title_full |
The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| title_fullStr |
The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| title_full_unstemmed |
The strength of CEOs’influence on CSR in Chinese listed companies. New insights from an agency theory perspective |
| title_sort |
strength of ceos’influence on csr in chinese listed companies. new insights from an agency theory perspective |
| publisher |
MDPI |
| publishDate |
2020 |
| url |
http://digital.lib.ueh.edu.vn/handle/UEH/60101 https://doi.org/10.3390/su12062190 |
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AT jacobcherian thestrengthofceosinfluenceoncsrinchineselistedcompaniesnewinsightsfromanagencytheoryperspective AT jacobcherian strengthofceosinfluenceoncsrinchineselistedcompaniesnewinsightsfromanagencytheoryperspective |
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