Airline Chief Executive Officer and Corporate Social Responsibility

Luo Jing and Joonho Moon
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Luo Jing: Department of Tourism Management, Dong-A University, 225 Gudeok-ro, Seo-gu, Busan 49236, Korea
Joonho Moon: Department of Tourism Administration, Kangwon National University, Kangwon University Rd., Hyoja-dong, Chooncheon 24341, Korea

Sustainability, 2021, vol. 13, issue 15, 1-12

Abstract: The aim of this research is to explore the determinants of airline CSR. Stakeholder theory is the theoretical underpinning. Chief executive officers (CEOs) are the research target, which is theoretically underpinned by upper echelon theory. For data collection, this study used data from COMPUSTAT, EXECUCOMP, KLD MSCI, LinkedIn, and the Bureau of Economic Analysis. Standard industry classification code 4512 was employed to obtain information on airline companies. Moreover, the number of observations was 154, the number of firms was 15, and the study period was 1999–2016. CSR domains include employment, the environment, and the product. The explanatory attributes are the CEO’s age, tenure, education, share ownership, stock option, and duality. Ordinary least squares and feasible generalized least squares regression analyses were executed for hypothesis testing. Regarding the results, employment CSR was positively affected by CEO age. This study found an inverted U-shaped relationship between CEO tenure and environmental CSR. Environmental CSR was also negatively influenced by stock options. Product CSR was positively associated with CEO age, whereas it was negatively associated with CEO duality.

Keywords: CSR; airline; chief executive officer; age; tenure; stock option; duality (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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