 Motivated to be socially responsible? CEO regulatory focus, firm performance, and corporate social responsibilityJian Liang, Ameeta Jain, Alexander Newman, Matthew P. Mount and Jooyoung Kim Journal of Business Research, 2024, vol. 176, issue C Abstract: This study examines the interactive effect of CEOs’ regulatory focus and corporate financial performance (CFP) on the firm’s corporate social responsibility (CSR). While prior research has examined the influence of CEOs’ psychological attributes on CSR, less attention has been devoted to understanding how the firms’ CFP impacts this relationship. Drawing on regulatory focus theory and the behavioral theory of the firm, we integrate these CEO-level and organizational-level mechanisms into an overarching theoretical framework that explains when and how CEOs are motivated to engage in CSR. We propose that promotion-focused (prevention-focused) CEOs will engage in CSR when CFP is above (below) aspirations but disengage from CSR when CFP is below (above) aspirations. We find partial support for these hypotheses using a sample of 1,250 U.S. firms. Keywords: Corporate social responsibility; Corporate financial performance; Regulatory focus; Behavioral theory of the firm (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:176:y:2024:i:c:s0148296324000821 DOI: 10.1016/j.jbusres.2024.114578 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
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