CEOs’ Entrepreneurial Success Experience, Entrepreneurial Orientation and Corporate Social Irresponsibility

Xi Zhong, Liuyang Ren and Ge Ren

Emerging Markets Finance and Trade, 2025, vol. 61, issue 15, 4778-4794

Abstract: The experience of successfully launching one or more public companies, referred to as entrepreneurial success experience (ESE), is widely recognized as a key aspect of CEO experience and has been shown to predict various firm outcomes. However, the impact of CEOs’ ESE on corporate social irresponsibility (CSI) decisions remains underexplored. Drawing on upper echelons theory and the behavioral theory of the firm, this study develops a framework to examine how and when CEOs’ ESE influences CSI. We propose that CEOs’ ESE increases the likelihood of a firm enaging in CSI by fostering a stronger entrepreneurial orientation. Additionally, we suggest that performance shortfalls and organizational slack amplify the relationship between CEOs’ ESE and CSI. Using empirical data from Chinese listed firms between 2006 and 2018, our analysis provides support for these theoretical propositions. This study contributes to the literature on entrepreneurial experience and CSI, offering valuable insights for shareholders and policymakers seeking to mitigate CSI risk.

Date: 2025
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DOI: 10.1080/1540496X.2025.2522926

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