2021
DOI: 10.3390/su13063250
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Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence

Abstract: In this study, we examine whether and to what extent affiliated bankers on board may affect firms’ corporate social performance. Using a propensity score-matched sample from 2002 to 2016, we find that board directors from affiliated banks exert significantly positive influence on firms’ corporate social performance. Furthermore, board of directors from affiliated banks are negatively associated with firm investments in corporate social responsibility (CSR) activities when firms experience financial distress. F… Show more

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Cited by 8 publications
(5 citation statements)
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“…There is a need to look beyond these features and investigate some less researched board attributes too like board reputation, tenure, age, education, political connections, social network and their relationship with CSRP and CSRD. CEOs ethnicity, altruism, materialism, their poverty experience, political ideologies or connections are some other interesting areas in which limited work is available (Hasan et al, 2021; Nandy et al, 2020; Xu & Ma, 2021). The impact of these attributes on CSP can be explored by the prospective researchers.…”
Section: Discussion Research Gaps and Recommendationsmentioning
confidence: 99%
“…There is a need to look beyond these features and investigate some less researched board attributes too like board reputation, tenure, age, education, political connections, social network and their relationship with CSRP and CSRD. CEOs ethnicity, altruism, materialism, their poverty experience, political ideologies or connections are some other interesting areas in which limited work is available (Hasan et al, 2021; Nandy et al, 2020; Xu & Ma, 2021). The impact of these attributes on CSP can be explored by the prospective researchers.…”
Section: Discussion Research Gaps and Recommendationsmentioning
confidence: 99%
“…The board of directors plays a crucial role in the governance structure [51], and contributes to setting the organization's strategies [52], including those related to CSR [14]. For example, studies show that the composition of the board can influence CSR reporting [53] and the firm's CSR performance [52,54]. However, few studies have investigated the governance of cooperatives [2,55,56] and the role that their directors play [16,24], despite the fact that in cooperatives, ownership type influences governance structure [2,56] and therefore CSR strategy [36].…”
Section: Financial Cooperatives and Csr: What Level Of Analysis?mentioning
confidence: 99%
“…As a result, the directors' influence on the CSR strategy could be stronger in a cooperative, especially since, generally speaking, the vested interest they have in the organization acts as an incentive to improve the cooperative's CSR performance. [54]. Finally, the directors are usually deeply knowledgeable about their community and actively involved in it [24].…”
Section: Financial Cooperatives and Csr: What Level Of Analysis?mentioning
confidence: 99%
“…This cluster shows the work that has been done in the domain of diversity and equality research for the better board combination and corporate performance. Important aspects of gender diversity research such as board size [53], women decision making [54], intellectual intelligence, board effectiveness, sustainable development [14] etc.…”
Section: Figure 6 Abstract Co-occurrence Analysismentioning
confidence: 99%