Does CEO guilt influence the adoption of employee welfare practices?

IF 3.4 3区管理学 Q2 MANAGEMENT

European Management Review Pub Date : 2024-08-21 DOI:10.1111/emre.12675

Saira Ashfaq, Hammad Riaz, Ghulam Mujtaba, Abubakr Saeed, Muhammad Saad Baloch

引用次数: 0

Abstract

This study examines the role of CEOs' guilt in adopting employee welfare practices (EWP). Using the context of privatization that is associated with large‐scale layoffs, we argue that witnessing the distress of laid‐off workers and their families causes CEOs to experience guilt for not doing enough to alleviate their suffering. The guilt, in turn, drives CEOs to engage in remedial actions of restitution that reflect positively on employee‐related practices. We find support for our idea in a sample of newly privatized firms from 31 countries. Our results show that CEOs' guilt positively influences the adoption of EWP among newly privatized firms. This effect is stronger in countries with collectivistic orientation and higher unemployment rates. Our findings suggest CEOs' values and emotions play an important role in business decisions concerning their employees. This perspective challenges the conventional view of business decisions as purely rational and profit‐driven, highlighting the importance of ethical and emotional considerations in decision‐making.

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首席执行官的内疚感会影响员工福利措施的采用吗？

本研究探讨了首席执行官的内疚感在采取员工福利措施（EWP）中的作用。在私有化与大规模裁员相关联的背景下，我们认为，目睹下岗工人及其家庭的痛苦，会使首席执行官因未能采取足够措施减轻他们的痛苦而产生负罪感。这种负罪感反过来又驱使首席执行官采取补偿行动，积极反映与员工相关的做法。我们在 31 个国家的新私有化公司样本中找到了对我们观点的支持。我们的研究结果表明，首席执行官的内疚感会对新私有化企业采用 EWP 产生积极影响。在集体主义取向和失业率较高的国家，这种影响更大。我们的研究结果表明，首席执行官的价值观和情感在有关员工的商业决策中发挥着重要作用。这一观点挑战了企业决策纯粹由理性和利润驱动的传统观点，强调了道德和情感因素在决策中的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Management Review MANAGEMENT-

CiteScore

7.20

自引率

13.50%

发文量

期刊介绍： The European Management Review is an international journal dedicated to advancing the understanding of management in private and public sector organizations through empirical investigation and theoretical analysis. The European Management Review provides an international forum for dialogue between researchers, thereby improving the understanding of the nature of management in different settings and promoting the transfer of research results to management practice. Although one of the European Management Review"s aims is to foster the general advancement of management scholarship among European scholars and/or those academics interested in European management issues.