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CEOs' early famine experience, managerial discretion and corporate social responsibility

Business

CEOs' early famine experience, managerial discretion and corporate social responsibility

Z. Xu

This intriguing study explores how early famine experiences shape a CEO's commitment to corporate social responsibility (CSR), revealing that such leaders often outperform their peers in CSR, especially in state-owned firms. Conducted by Zhaocheng Xu, the research delves into how environmental and organizational factors enhance this relationship, while CEO discretion can surprisingly hinder it.

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Playback language: English
Abstract
This paper investigates the impact of a CEO's early famine experience on corporate social responsibility (CSR) performance, considering the moderating effects of environmental discretion (market abundance), organizational discretion (slack resources), and CEO discretion (CEO concurrently). Using data from Chinese manufacturing listed companies (2010-2019), the study finds that CEOs with early famine experiences exhibit better CSR performance. This effect is positively moderated by environmental and organizational discretion but negatively moderated by CEO discretion. Further analysis reveals stronger positive effects in state-owned firms, weaker effects with CEO turnover, stronger effects for male CEOs, and more significant effects for CEOs with lower education levels.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
Oct 09, 2023
Authors
Zhaocheng Xu
Tags
CEO experience
corporate social responsibility
famine impact
organizational discretion
environmental discretion
state-owned firms
China

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