Relationship of CEO inside debt and corporate social performance: A data envelopment analysis approach

Tai-Hsi Wu and Mei-Chen Lin

Finance Research Letters, 2019, vol. 29, issue C, 308-314

Abstract: This study introduces a new measure that can accurately evaluate corporate social performance by adopting a data envelopment analysis (DEA) model. The study uses the DJSI-listed companies as a benchmark in setting the relative magnitudes of the weights associated with the inputs and outputs in the DEA model presented. The model, in turn, allows us to examine the effect of CEO inside debt holdings on corporate social responsibility (CSR) performance, with the empirical results of that examination indicating a positive relationship between CEO inside debt and CSR performance. The results further indicate that this positive effect of CEO inside debt is mainly driven by deferred compensation, while defined benefit pension provides less incentive when making CSR engagement decisions.

Keywords: Inside debt; CSR; DEA (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:29:y:2019:i:c:p:308-314

DOI: 10.1016/j.frl.2018.08.002

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