Article2012

The Impact of CEO Characteristics on Corporate Sustainable Development

340 citations0/0 files storedCorporate Social Responsibility and Environmental Management

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Corporate Social Responsibility Reporting Corporate Social Responsibility and Sustainability Corporate Identity and Reputation

Abstract

ABSTRACT This study explores the relationship between CEO demographic characteristics and consistency in corporate social responsibility (CSR) performance among firms. The sample is based on results from major ranking agencies between 2005 and 2010. A total of 661 firms were included in the sample with 392 observations in total. The results indicate that firms' CSR performance, as measured by the consistency of their CSR rankings, is associated with their CEOs' educational specializations in Master's‐level business administration (MBA) and science (MSc). In addition, CEO tenure and gender are shown to affect firms' CSR performance. Furthermore, a firm's number of employees also has a significant relationship with its CSR performance. The results are encouraging for supporting universities' efforts to integrate CSR issues into their curricula. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.

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References

2007The Social Responsibility of Business Is to Increase Its Profits 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 2001Corporate Social Responsibility: A Theory of the Firm Perspective 2007Strategy and society: the link between competitive advantage and corporate social responsibility 1997THE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications

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