RT Article
T1 When CEO Career Horizon Problems Matter for Corporate Social Responsibility: The Moderating Roles of Industry-Level Discretion and Blockholder Ownership
JF Journal of business ethics
VO 133
IS 2
SP 279
OP 291
A1 Oh, Won-Yong
A1 Chang, Young Kyun
A1 Cheng, Zheng
LA English
PB Springer Science + Business Media B. V
YR 2016
UL https://www.ixtheo.de/Record/1785656619
AB This paper examines the influence of CEO career horizon problems on corporate social responsibility (CSR). We assume that as CEOs are getting older, they tend to disengage in CSR due to their shorter career horizons. We further argue that high levels of industry-level discretion (ILD) and blockholder ownership amplify the negative effects of CEO age on CSR. Using a panel sample of US-based firms over 2004–2009, we do not find the main effect of CEO age on CSR, but find support for the moderating effects, such that CEO age is negatively associated with CSR when there are high levels of ILD and blockholder ownership. Therefore, results suggest that CEO career horizon problems matter for CSR when (1) CEOs have sufficient discretion over the firm’s strategic decisions and (2) outside blockholders put more pressure on CEOs to engage in financial earning management.
K1 Blockholder ownership
K1 Industry-level discretion
K1 CSR
K1 Career horizon problems
K1 CEO age
DO 10.1007/s10551-014-2397-z