CEO behavior and CSR engagement: the moderating role of bank risk-taking

IF 5.5 Q1 BUSINESS

Corporate Governance-The International Journal of Business in Society Pub Date : 2023-06-07 DOI:10.1108/cg-08-2022-0323

Wafa Jilani, Jamel Chouaibi, Ahmed Kouki

{"title":"CEO behavior and CSR engagement: the moderating role of bank risk-taking","authors":"Wafa Jilani, Jamel Chouaibi, Ahmed Kouki","doi":"10.1108/cg-08-2022-0323","DOIUrl":null,"url":null,"abstract":"\nPurpose\nThe main purpose of this paper is to look at the link between chief executive officer (CEO) behavior and corporate social responsibility (CSR) engagement with the moderating role of bank risk-taking behavior.\n\n\nDesign/methodology/approach\nBased on a 13-year data set (2007–2019), the authors applied the feasible generalized least squares with panel data to test the hypotheses.\n\n\nFindings\nThe findings reveal a positive and significant link between CEO behavior and CSR engagement. Based on these findings, it can be argued that the characteristics of the CEO of the banks would improve the CSR strategies. Furthermore, the study suggests a moderating effect of bank risk-taking in the link between psychological bias and corporate social responsibility engagement (CSR engagement).\n\n\nPractical implications\nAs CEO behavioral characteristics are essential to understanding CSR practice, boards of directors should consider the behavioral traits of dominant and overconfident CEOs while designing CSR practices.\n\n\nSocial implications\nIf the bank behaves in a socially responsible manner, direct and indirect stakeholders may be able to evaluate the level of risk-taking in more detail.\n\n\nOriginality/value\nThis research highlights the importance of CEO behavior characteristics for CSR, which is a crucial application that supports the upper echelons theory; and fills a gap in literature research. It is one of the few studies examining the interaction between risk-taking, CEO behavior and CSR engagement.\n","PeriodicalId":47880,"journal":{"name":"Corporate Governance-The International Journal of Business in Society","volume":null,"pages":null},"PeriodicalIF":5.5000,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Governance-The International Journal of Business in Society","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/cg-08-2022-0323","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose The main purpose of this paper is to look at the link between chief executive officer (CEO) behavior and corporate social responsibility (CSR) engagement with the moderating role of bank risk-taking behavior. Design/methodology/approach Based on a 13-year data set (2007–2019), the authors applied the feasible generalized least squares with panel data to test the hypotheses. Findings The findings reveal a positive and significant link between CEO behavior and CSR engagement. Based on these findings, it can be argued that the characteristics of the CEO of the banks would improve the CSR strategies. Furthermore, the study suggests a moderating effect of bank risk-taking in the link between psychological bias and corporate social responsibility engagement (CSR engagement). Practical implications As CEO behavioral characteristics are essential to understanding CSR practice, boards of directors should consider the behavioral traits of dominant and overconfident CEOs while designing CSR practices. Social implications If the bank behaves in a socially responsible manner, direct and indirect stakeholders may be able to evaluate the level of risk-taking in more detail. Originality/value This research highlights the importance of CEO behavior characteristics for CSR, which is a crucial application that supports the upper echelons theory; and fills a gap in literature research. It is one of the few studies examining the interaction between risk-taking, CEO behavior and CSR engagement.

查看原文本刊更多论文

CEO行为与企业社会责任参与:银行风险承担的调节作用

本文的主要目的是研究首席执行官(CEO)行为与企业社会责任(CSR)参与之间的联系，以及银行风险承担行为的调节作用。基于13年的数据集(2007-2019)，作者应用可行广义最小二乘法和面板数据来检验假设。研究结果表明，CEO行为与企业社会责任参与之间存在显著的正向联系。基于这些发现，我们可以认为银行CEO的特征会改善企业社会责任战略。此外，研究表明，银行风险承担在心理偏见与企业社会责任参与(CSR参与)之间的关系中具有调节作用。CEO行为特征对于理解企业社会责任实践至关重要，董事会在设计企业社会责任实践时应考虑强势型和过度自信型CEO的行为特征。如果银行以对社会负责的方式行事，直接和间接利益相关者可能能够更详细地评估风险承担水平。独创性/价值本研究突出了CEO行为特征对企业社会责任的重要性，这是支持上层梯队理论的重要应用;填补了文献研究的空白。这是少数研究风险承担、CEO行为和企业社会责任参与之间相互作用的研究之一。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Corporate Governance-The International Journal of Business in Society BUSINESS-

CiteScore

11.20

自引率

33.90%

发文量

期刊介绍： Providing a consistent source of in-depth information, analysis and advice considering corporate governance on an international scale, Corporate Governance: The International Journal of Business in Society focuses on knowledge development, practice and performance standards for scholars and Boards of Directors/ Governors of companies throughout the world. The journal publishes a diverse range of substantive theoretical and methodological debates as well as practical developments in the field of corporate governance worldwide. The journal particularly encourages attention to the impact of changes of business/corporate governance forms and practices on people, and the sustainability of different governance models. Articles that highlight models and structures that advance the interests, dignity and well being of all stakeholders, in a sustainable manner, are particularly welcome. The journal covers a broad spectrum of governance-related themes including: -Effective boardroom performance -Control and regulation -Executive leadership -The role and contribution of external (non-executive) directors -The growing importance of governance in the wake of ever-greater corporate scandals -Redefinitions and reassessments of corporate governance models -The role of business in society -The changing nature of the relationship and responsibilities of the firm towards various stakeholders -The incentives required to encourage more socially- and environmentally-responsible corporate action -The role and impact of local and international regulatory agencies and regimes on corporate behaviour.