Corporate Social Irresponsibility and Executive Succession: An Empirical Examination

Shih-Chi Chiu () and Mark Sharfman ()
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Shih-Chi Chiu: Nanyang Technological University
Mark Sharfman: The University of Oklahoma

Journal of Business Ethics, 2018, vol. 149, issue 3, No 10, 707-723

Abstract: Abstract This study contributes to the corporate social responsibility, stakeholder theory, and executive succession literature by examining the effect of corporate social irresponsibility (CSiR) on strategic leadership turnover. We theorize that firms’ CSiR increases the likelihood of executive turnover. We also investigate the nature of succession (non-voluntary or voluntary succession) and successor origin (internal candidate or external candidate) following CSiR. We further examine how the CSiR–CEO succession relationship is moderated by firm visibility to stakeholders and industry dynamism. Our results, based on a dataset of 248 U.S. public firms between 2001 and 2008, provide evidence that firms’ CSiR affects what is conventionally seen as primarily a market-driven decision on executive turnover, especially when firms operate in a more dynamic industry. Research contributions and implications are discussed.

Keywords: Corporate social responsibility; Executive turnover; Chief executive officer; Succession; Firm visibility; Dynamism; Dismissal; Successor origin (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (19)

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DOI: 10.1007/s10551-016-3089-7

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