Integration of CSR into CEOs’ compensation: effects on social and financial performance of French listed firms

Effets de l’intégration de critères RSE dans la rémunération des dirigeants sur la performance sociale et financière des entreprises françaises cotées

Laurence Godard (laurence.godard@univ-fcomte.fr) and Souhir Khemir (souhir.khemir@iscae.rnu.tn)
Additional contact information
Laurence Godard: CREGO - Centre de Recherche en Gestion des Organisations - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Souhir Khemir: CREGO - Centre de Recherche en Gestion des Organisations - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]

Post-Print from HAL

Abstract: Based on the stakeholder model of corporate governance, this research analyzes the relationship between the integration of corporate social responsibility (CSR) into CEO compensation and corporate social and financial performance, in firms listed on France's SBF 120 stock market between 2015 and 2019. The results of panel data regressions show that indexing CEO compensation on CSR criteria only influence corporate social performance Moreover, social performance has a positive impact on financial performance and a mediating effect between the integration of CSR criteria into CEO compensation and financial performance.

Keywords: Stakeholder-based governance approach; Corporate social responsibility; CEOs’ compensation; Social performance; Financial performance; Gouvernance partenariale; Responsabilité sociale de l’entreprise; Rémunération des dirigeants; Performance sociale; Performance financière (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Published in Finance Contrôle Stratégie, 2023, 26 (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04150624

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).