Corporate social responsibility and abnormal executive compensation

IF 1.1 Q3 BUSINESS, FINANCE

Journal of Accounting Literature Pub Date : 2023-04-20 DOI:10.1108/jal-01-2023-0010

J. Park, Tianming Zhang, Spencer R. Pierce, Yonghong Jia

引用次数: 1

Abstract

PurposeThe authors examine the association between corporate social responsibility (CSR) and abnormal executive compensation. The authors hypothesize that socially responsible firms are more likely to pay their executives at a level that is in line with economic determinants.Design/methodology/approachUsing the expected compensation model developed by Core et al. (2008), the authors test our hypothesis using a large sample of US public companies.FindingsThe authors find that CSR performance is negatively associated with how much executive compensation deviates from the expected level. The authors further examine whether CSR performance is associated with excess compensation or inadequate compensation and find that socially responsible firms are less likely to pay their executives either excessively or inadequately.Originality/valueThis study provides evidence on the association between CSR performance and abnormal executive compensation, especially how CSR is associated with inadequate compensation, an area that has been largely overlooked by the literature.

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企业社会责任与高管薪酬异常

目的研究企业社会责任与高管薪酬异常之间的关系。作者假设，对社会负责的公司更有可能以符合经济决定因素的水平向高管支付薪酬。设计/方法/方法使用Core等人开发的预期薪酬模型。（2008），作者使用美国上市公司的大样本来检验我们的假设。研究结果作者发现，企业社会责任绩效与高管薪酬偏离预期水平的程度呈负相关。作者进一步研究了企业社会责任绩效是否与薪酬过高或过低有关，并发现对社会负责的公司不太可能向高管支付过高或过低的薪酬。原创性/价值本研究为企业社会责任绩效与高管薪酬异常之间的关系提供了证据，特别是企业社会责任与薪酬不足之间的关系，这一领域在很大程度上被文献所忽视。

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

Journal of Accounting Literature BUSINESS, FINANCE-

CiteScore

6.50

自引率

0.00%

发文量

期刊介绍： The objective of the Journal is to publish papers that make a fundamental and substantial contribution to the understanding of accounting phenomena. To this end, the Journal intends to publish papers that (1) synthesize an area of research in a concise and rigorous manner to assist academics and others to gain knowledge and appreciation of diverse research areas or (2) present high quality, multi-method, original research on a broad range of topics relevant to accounting, auditing and taxation. Topical coverage is broad and inclusive covering virtually all aspects of accounting. Consistent with the historical mission of the Journal, it is expected that the lead article of each issue will be a synthesis article on an important research topic. Other manuscripts to be included in a given issue will be a mix of synthesis and original research papers. In addition to traditional research topics and methods, we actively solicit manuscripts of the including, but not limited to, the following: • meta-analyses • field studies • critiques of papers published in other journals • emerging developments in accounting theory • commentaries on current issues • innovative experimental research with strong grounding in cognitive, social or anthropological sciences • creative archival analyses using non-standard methodologies or data sources with strong grounding in various social sciences • book reviews • "idea" papers that don''t fit into other established categories.