How independent should a board be? Examine the corporate social responsibility performance in the US healthcare sector

Vicky Ching Gu ()
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Vicky Ching Gu: University of Houston Clear Lake

Service Business, 2023, vol. 17, issue 3, No 3, 695-721

Abstract: Abstract Literature on the relationship between corporate governance and corporate social responsibility (CSR) in the critical healthcare sector is limited. This study fills this void by investigating the impact of different independent directors and CEO power on CSR performance in the US healthcare sector. Using the panel data analysis method, this study demonstrates the power disparity between the CEO and the board can affect CSR performance. The results provide insights regarding the board effectiveness in both advising and monitoring the management. The findings provide empirical evidence for healthcare management policymakers to reconsider the factors that influence the appointment of board directors.

Keywords: CEO duality; Non-strictly independent directors; Strictly independent directors; Corporate social responsibility (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11628-023-00523-1

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