Are superstar directors effective in corporate social responsibility performance? An empirical analysis of sustainable development goals
Corporate Social Responsibility and Environmental Management, 2023, vol. 30, issue 2, 487-503
In this paper, I adopt a hand‐collected sample of prestigious business award‐winner directors based on four types of awards and use it to represent reputable directors. I examine how awardee directors influence corporate social responsibility performance (CSR) using multiple samples. The results show that with award‐winner directors sitting on their boards, firms tend to have higher CSR scores. The findings are consistent in the propensity score matched sample and additional robustness tests. The findings suggest that reputable directors are effective in performing monitoring and advising duties, which in turn leads to better CSR performance.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:30:y:2023:i:2:p:487-503
Access Statistics for this article
More articles in Corporate Social Responsibility and Environmental Management from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().