Governance through corporate social responsibility as a key organizational principle

Achieving Social Responsibility through Corporate Strategy: a Matter of Governance

A heightened interest in the concept of corporate social responsibility has arisen in Australia. This has occurred within the context of tax incentives for companies to form partnerships with communities and the leaders of Australian companies acknowledging their firms must take a responsible approach in their business activities. There is public dissatisfaction with corporate Australia over in...

Relationship between Corporate Social Responsibility and Corporate Governance

Corporate Governance and Executive Compensation for Corporate Social Responsibility

We link the corporate governance literature in financial economics to the agency cost perspective of Corporate Social Responsibility (CSR) to derive theoretical predictions about the relationship between corporate governance and the existence of executive compensation incentives for CSR. We test our predictions using novel executive compensation contract data, and find that firms with more shar...

Idiosyncratic Risk and Disclosure of Corporate Social Responsibility: Emphasizing the Role of Corporate Governance

In this study, the impact of corporate social responsibility (CSR ) disclosure on idiosyncratic risk has been investigated concerning three stakeholder theory, information asymmetry, and risk management. It also goes further and explores the impact of some corporate governance mechanisms such as ownership structure, board characteristics, and incentive contracts on this relationship. To achieve...

Price Discrimination through Corporate Social Responsibility

A common form of Corporate Social Responsibility (CSR) by firms is to agree to donate a fixed portion of private good revenues to a charitable cause. In this paper we explore a new rationale for such CSR. We argue that linking private good purchase with charitable donations allows the firm to price discriminate between altruistic consumers who wish to make charitable donations out of their inco...