TY - JOUR
T1 - Impact of directors' networks on corporate social responsibility
T2 - a cross country study
AU - Kaur, Jaskaran
AU - Nandy, Monomita
AU - Lodh, Suman
AU - Wang, Jin
PY - 2020/11
Y1 - 2020/11
N2 - We investigate the impact of directors? networks on corporate social responsibility (CSR) activities by using an unbalanced panel data of 2,023 publicly listed firms from 17 countries during 2003-2018. Drawing on network theory, stakeholder theory, and institutional theory, we find that directors? networks is positively related to their decision of CSR activities. Additionally, we find a positive relation between directors? networks and CSR during financial crises. Our results still hold after a set of sensitivity tests. The findings in our study expand the academic literature related to directors? networks and CSR activities, and assist policymakers and investors in understanding the importance of directors' networks as determining factor of CSR policies.
AB - We investigate the impact of directors? networks on corporate social responsibility (CSR) activities by using an unbalanced panel data of 2,023 publicly listed firms from 17 countries during 2003-2018. Drawing on network theory, stakeholder theory, and institutional theory, we find that directors? networks is positively related to their decision of CSR activities. Additionally, we find a positive relation between directors? networks and CSR during financial crises. Our results still hold after a set of sensitivity tests. The findings in our study expand the academic literature related to directors? networks and CSR activities, and assist policymakers and investors in understanding the importance of directors' networks as determining factor of CSR policies.
KW - Business and management studies
UR - https://eprints.mdx.ac.uk/31130/
U2 - 10.1016/j.irfa.2020.101601
DO - 10.1016/j.irfa.2020.101601
M3 - Article
SN - 1057-5219
VL - 72
JO - International Review of Financial Analysis
JF - International Review of Financial Analysis
M1 - 101601
ER -