Managerial entrenchment, corporate social responsability and the moderating effect of dividend policy: empirical evidence from French listed companies

Manel Gharbi and Anis Jarboui

International Journal of Law and Management, 2024, vol. 67, issue 4, 432-444

Abstract: PurposeThe purpose of this paper is to argue the relationship between managerial entrenchment (ME), corporate social responsibility (CSR) and dividend policy (DP). Specifically, this paper aims to empirically examine the impact of DP on the relationship between ME, and CSR.Design/methodology/approachThis study uses a panel data set of firms listed at France stock exchange over 2010/2021. Both the direct and moderating effects were tested by using multiple regression techniques.FindingsThe results show that the positive relation between CSR and ME is more pronounced in companies where they opt for a DP. However, DP moderates this positive relationship.Originality/valueThis study suggests the dynamic relationship between CSR and ME.

Keywords: Corporate social responsibility; Managerial entrenchment; Dividend policy; French firms (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijlmap:ijlma-04-2024-0130

DOI: 10.1108/IJLMA-04-2024-0130

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