Director ownership, outside directors and commitment to corporate social responsibility
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
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Detail(s)
Original language | English |
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Pages (from-to) | 66-78 |
Journal / Publication | Corporate Board: Role, Duties and Composition |
Volume | 7 |
Issue number | 1 |
Publication status | Published - 2011 |
Link(s)
DOI | DOI |
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Attachment(s) | Documents
Publisher's Copyright Statement
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Link to Scopus | https://www.scopus.com/record/display.uri?eid=2-s2.0-84901338949&origin=recordpage |
Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(40cc5a87-39a9-4e2f-af50-b60c4fef7946).html |
Abstract
This paper examines the effects of director ownership and the proportion of outside directors on firms' commitment to corporate social responsibility (CSR). Using a sample of 453 Hong Kong listed companies for 2005, we find that there is a non-linear relationship between the level of director ownership and firms' engagement in CSR behavior. Commitment to CSR first increases as the proportion of director ownership increases up to 50% and then decreases as that proportion of ownership grows higher. Further, the proportion of outside directors on the board exhibits a positive relationship with the level of CSR commitment. These results provide explanations for firms' commitment to CSR from the corporate governance perspective.
Research Area(s)
- Board of directors, Corporate social responsibility, Director ownership, Outside directors
Citation Format(s)
Director ownership, outside directors and commitment to corporate social responsibility. / Ying, Chen; Leung, Sidney.
In: Corporate Board: Role, Duties and Composition, Vol. 7, No. 1, 2011, p. 66-78.
In: Corporate Board: Role, Duties and Composition, Vol. 7, No. 1, 2011, p. 66-78.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
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