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Article
An examination of the dimensions of CEO power and corporate social responsibility
Review of Accounting and Finance (2019)
  • Shahbaz A Sheikh, Dr., The University of Western Ontario
Abstract
This study empirically aims to examine the relation between CEO power and firm engagement in corporate social responsibility (CSR). It undertakes an in-depth analysis of how the structural, ownership and expert dimensions of CEO power affect individual dimensions of CSR.This study uses ordinary least squares and industry fixed-effects regressions. It also uses instrumental variable-generalized method of moment regressions to test the robustness of empirical results. Results indicate that CEO power is negatively related to CSR. However, the relation between CEO power and CSR is influenced by CSR strengths, as power is negatively related to CSR strengths and is not related to CSR concerns. Results also indicate that the structural and ownership dimensions of CEO power are negatively related to CSR, and the expert dimension has no significant effect on CSR. Moreover, results show that CEO power is not related to the product dimension of CSR performance
Keywords
  • CSR,
  • CEO power,
  • CSR concerns,
  • CSR strengths
Disciplines
Publication Date
2019
DOI
https://doi.org/10.1108/RAF-01-2018-0034
Citation Information
Shahbaz A Sheikh. "An examination of the dimensions of CEO power and corporate social responsibility" Review of Accounting and Finance Vol. 18 Iss. 2 (2019) p. 221 - 244
Available at: http://works.bepress.com/shahbaz_sheikh/25/