Director ownership, outside directors and commitment to corporate social responsibility
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 66-78 |
| Journal / Publication | Corporate Board: Role, Duties and Composition |
| Volume | 7 |
| Issue number | 1 |
| Publication status | Published - 2011 |
Link(s)
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.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
