Religious Values Motivating CSR: An Empirical Study from Corporate Leaders' Perspective.
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| Title: | Religious Values Motivating CSR: An Empirical Study from Corporate Leaders' Perspective. |
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| Authors: | Xu, Bo1 (AUTHOR), Ma, Linlin2 (AUTHOR) linlin.ma@phbs.pku.edu.cn |
| Source: | Journal of Business Ethics. Mar2022, Vol. 176 Issue 3, p487-505. 19p. 5 Charts. |
| Subject Terms: | *Religious schools, Religious values, Social responsibility of business, Organizational performance, Senior leadership teams, Peers |
| Abstract: | Using a panel data of 806 U.S. firms from 2006 to 2015, we find that in their ratings of corporate social responsibility (CSR) performance, firms with top managers who attended religiously affiliated schools outperform their peers with no such managers. The positive relationship between religious school attendance (RSA) and CSR performance is stronger among firms with lower level of community religiosity or less external monitoring (e.g., fewer analysts following or institutional investors). Our findings lend support to early theoretical work that suggests managerial CSR-oriented values (e.g., religious values) can be key motivating factors for CSR initiatives. [ABSTRACT FROM AUTHOR] |
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| Database: | Education Research Complete |
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| Abstract: | Using a panel data of 806 U.S. firms from 2006 to 2015, we find that in their ratings of corporate social responsibility (CSR) performance, firms with top managers who attended religiously affiliated schools outperform their peers with no such managers. The positive relationship between religious school attendance (RSA) and CSR performance is stronger among firms with lower level of community religiosity or less external monitoring (e.g., fewer analysts following or institutional investors). Our findings lend support to early theoretical work that suggests managerial CSR-oriented values (e.g., religious values) can be key motivating factors for CSR initiatives. [ABSTRACT FROM AUTHOR] |
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| ISSN: | 01674544 |
| DOI: | 10.1007/s10551-020-04688-x |
