1,931
Views
2
CrossRef citations to date
0
Altmetric
GENERAL & APPLIED ECONOMICS

CEO overpower and corporate social responsibility of commercial banks: The moderating role of state ownership

ORCID Icon, & ORCID Icon
Article: 2171609 | Received 25 Aug 2022, Accepted 19 Jan 2023, Published online: 26 Feb 2023

References

  • Aggarwal, P., & Singh, A. K. (2019). CSR and sustainability reporting practices in India: An in-depth content analysis of top-listed companies. Social Responsibility Journal, 15(8), 1033–20. https://doi.org/10.1108/SRJ-03-2018-0078
  • Ali, M., Hashmi, S. H., Nazir, M. R., Bilal, A., & Nazir, M. I. (2021). Does financial inclusion enhance economic growth? Empirical evidence from the IsDB member countries. International Journal of Finance & Economics, 26(4), 5235–5258. https://doi.org/10.1002/ijfe.2063
  • Ali, M., Nazir, M. I., Hashmi, S. H., & Ullah, W. (2022). Financial inclusion, institutional quality and financial development: Empirical evidence from OIC countries. The Singapore Economic Review, 67(1), 161–188. https://doi.org/10.1142/S0217590820420084
  • Altunbaş, Y., Thornton, J., & Uymaz, Y. (2018). CEO tenure and corporate misconduct: Evidence from US banks. Finance Research Letters, 26, 1–8. https://doi.org/10.1016/j.frl.2017.11.003
  • Altunbaş, Y., Thornton, J., & Uymaz, Y. (2020). The effect of CEO power on bank risk: Do boards and institutional investors matter? Finance Research Letters, 33, 101202. https://doi.org/10.1016/j.frl.2019.05.020
  • Axjonow, A., Ernstberger, J., & Pott, C. (2018). The impact of corporate social responsibility disclosure on corporate reputation: A non-professional stakeholder perspective. Journal of Business Ethics, 151(2), 429–450. https://doi.org/10.1007/s10551-016-3225-4
  • Barnea, A., & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics, 97(1), 71–86. https://doi.org/10.1007/s10551-010-0496-z
  • Boubakri, N., Cosset, J. C., & Saffar, W. (2013). The role of state and foreign owners in corporate risk-taking: Evidence from privatization. Journal of Financial Economics, 108(3), 641–658. https://doi.org/10.1016/j.jfineco.2012.12.007
  • Boubakri, N., El Ghoul, S., Wang, H., Guedhami, O., & Kwok, C. C. (2016). Crosslisting and corporate social responsibility. Journal of Corporate Finance, 41, 123138. https://doi.org/10.1016/j.jcorpfin.2016.08.008
  • Brodmann, J., Hossain, A., & Singhvi, M. (2022). Chief executive officer power and board gender diversity. Finance Research Letters, 44, 102099. https://doi.org/10.1016/j.frl.2021.102099
  • Chi, L. H. D., Hac, L. D., Nhat, N. Q., & Hang, B. T. T. (2022). Corporate environmental responsibility and financial performance: The moderating role of ownership structure and listing status of Vietnam banks. Cogent Economics & Finance, 10(1), 2087286. https://doi.org/10.1080/23322039.2022.2087286
  • Duong, K. D., Nguyen, Q. N., Le, T. V., & NGUYEN, D. V. (2021). Limit-to-arbitrage factors and ivol returns puzzle: Empirical evidence from Taiwan before and during COVID-19. Annals of Financial Economics, 16(1), 2150004. https://doi.org/10.1142/S2010495221500044
  • Duong, K. D., Truong, L. T. D., Huynh, T. N., & Luu, Q. T. (2022). Financial constraints and the financial distress puzzle: Evidence from a frontier market before and during the Covid-19 pandemic. Investment Analysts Journal, 51(1), 1–14. https://doi.org/10.1080/10293523.2022.2125641
  • Fifka, M. S. (2013). Corporate responsibility reporting and its determinants in comparative perspective-a review of the empirical literature and a meta‐analysis. Business Strategy and the Environment, 22(1), 1–35. https://doi.org/10.1002/bse.729
  • Finkelstein, S. (1992). Power in top management teams: Dimensions, measurement, and validation. Academy of Management Journal, 35(3), 505–538. https://doi.org/10.2307/256485
  • Freeman, R. E., & Evan, W. M. (1990). Corporate governance: A stakeholder interpretation. The Journal of Behavioral Economics, 19(4), 337–359. https://doi.org/10.1016/0090-5720(90)90022-Y
  • Frias‐Aceituno, J. V., Rodríguez‐Ariza, L., & Garcia‐Sánchez, I. M. (2014). Explanatory factors of integrated sustainability and financial reporting. Business Strategy and the Environment, 23(1), 56–72. https://doi.org/10.1002/bse.1765
  • Frias-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. M. (2013). Is integrated reporting determined by a country’s legal system? An exploratory study. Journal of Cleaner Production, 44, 45–55. https://doi.org/10.1016/j.jclepro.2012.12.006
  • Greene, W. (2005). Reconsidering heterogeneity in panel data estimators of the stochastic frontier model. Journal of Econometrics, 126(2), 269–303. https://doi.org/10.1016/j.jeconom.2004.05.003
  • Gu, J. (2022). Do at home as Romans do? CEO overseas experience and financial misconduct risk of emerging market firms. Research in International Business and Finance, 60, 101624. https://doi.org/10.1016/j.ribaf.2022.101624
  • Haider, J., & Fang, H. X. (2018). CEO power, corporate risk taking and role of large shareholders. Journal of Financial Economic Policy, 10(1), 55–72. https://doi.org/10.1108/JFEP-04-2017-0033
  • Harper, J., & Sun, L. (2019). CEO power and corporate social responsibility. American Journal of Business, 34(2), 93–115. https://doi.org/10.1108/AJB-10-2018-0058
  • Jensen, M. C., & Meckling, W. W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305360. https://doi.org/10.1016/0304-405X(76)90026-X
  • Jia, X., Liao, S., Van der Heijden, B., & Li, W. (2022). Power and responsibility: How different sources of CEO power affect firms’ corporate social responsibility practices. Business Ethics, the Environment & Responsibility, 31(3), 682–701. https://doi.org/10.1111/beer.12438
  • Jiraporn, P., & Chintrakarn, P. (2013). How do powerful CEOs view corporate social responsibility (CSR)? An empirical note. Economics Letters, 119(3), 344–347. https://doi.org/10.1016/j.econlet.2013.03.026
  • Jo, H., & Harjoto, M. A. (2011). Corporate governance and firm value: The impact of corporate social responsibility. Journal of Business Ethics, 103(3), 351–383. https://doi.org/10.1007/s10551-011-0869-y
  • Lau, C., Lu, Y., & Liang, Q. (2016). Corporate social responsibility in China: A corporate governance approach. Journal of Business Ethics, 136, 73–87. https://doi.org/10.1007/s10551-014-2513-0
  • Liao, L., Lin, T. P., & Zhang, Y. (2018). Corporate board and corporate social responsibility assurance: Evidence from China. Journal of Business Ethics, 150(1), 211–225. https://doi.org/10.1007/s10551-016-3176-9
  • Li, Y., Gong, M., Zhang, X. Y., & Koh, L. (2018). The impact of environmental, social, and governance disclosure on firm value: The role of CEO power. The British Accounting Review, 50(1), 60–75. https://doi.org/10.1016/j.bar.2017.09.007
  • Li, D., Lin, H., & Yang, Y. (2016). Does the stakeholders – Corporate social responsibility (CSR) relationship exist in emerging countries? Evidence from China. Social Responsibilities Journal, 12(1), 147–166. https://doi.org/10.1108/SRJ-01-2015-0018
  • Muttakin, Mohammad Badrul, Khan , Arifur, Mihret, Dessalegn Getie The effect of board capital and CEO power on corporate social responsibility disclosures. Journal of Business Ethics 150 41–56 https://doi.org/10.1007/s10551-016-3105-y
  • Muttakin, M. B., Khan, A., & Mihret, D. G. (2018). The effect of board capital and CEO power on corporate social responsibility disclosures. Journal of Business Ethics, 150, 41–56. https://doi.org/10.1007/s10551-016-3105-y
  • Nguyen, H. T., Hoang, T. G., & Luu, H. (2019). Corporate social responsibility in Vietnam: Opportunities and innovation experienced by multinational corporation subsidiaries. Social Responsibility Journal, 16(6), 771–792. https://doi.org/10.1108/SRJ-02-2019-0082
  • Ntim, C. G., Lindop, S., & Thomas, D. A. (2013). Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre-and post-2007/2008 global financial crisis periods. International Review of Financial Analysis, 30, 363–383. https://doi.org/10.1016/j.irfa.2013.07.001
  • Pineiro-Chousa, J., Vizcaíno-González, M., & Caby, J. (2019). Financial development and standardized reporting: A comparison among developed, emerging, and frontier markets. Journal of Business Research, 101, 797–802. https://doi.org/10.1016/j.jbusres.2018.12.012
  • Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2021). The role of CEO power on CSR reporting: The moderating effect of linking CEO compensation to shareholder return. Sustainability, 13(6), 3197. https://doi.org/10.3390/su13063197
  • Rashid, A., Shams, S., Bose, S., & Khan, H. (2020). CEO power and corporate social responsibility (CSR) disclosure: Does stakeholder influence matter? Managerial Auditing Journal, 35(9), 1279–1312. https://doi.org/10.1108/MAJ-11-2019-2463
  • Rouf, M. A., & Hossan, M. A. (2021). The effects of board size and board composition on CSR disclosure: A study of banking sectors in Bangladesh. International Journal of Ethics and Systems, 37(1), 105–121. https://doi.org/10.1108/IJOES-06-2020-0079
  • Shabir, M., Jiang, P., Hashmi, S. H., & Bakhsh, S. (2022). Non-linear nexus between economic policy uncertainty and bank lending. International Review of Economics & Finance, 79, 657–679. https://doi.org/10.1016/j.iref.2022.02.016
  • Sheikh, S. (2019). An examination of the dimensions of CEO power and corporate social responsibility. Review of Accounting and Finance, 18(2), 221–244. https://doi.org/10.1108/RAF-01-2018-0034
  • Sheikh, M. F., Shah, S. Z. A., & Akbar, S. (2018). Firm performance, corporate governance and executive compensation in Pakistan. Applied Economics, 50(18), 2012–2027. https://doi.org/10.1080/00036846.2017.1386277
  • Siu, W. L. W., & Zhang, X. (2022). Corporate social responsibility reporting, state ownership, and corporate performance in China: Proof from longitudinal data of publicly traded enterprises from 2006 to 2020. International Journal of Economics and Management Engineering, 16(8), 417–421 https://publications.waset.org/10012636/pdf.
  • Tilling, M. V., & Tilt, C. A. (2010). Voluntary social and environmental reporting in Rothmans’ 1956–1999 annual reports: The edge of legitimacy. Accounting, Auditing & Accountability Journal, 23(1), 55–81. https://doi.org/10.1108/09513571011010600
  • Tran, O. K. T., Nguyen, D. V., & Duong, K. D. (2022). How market concentration and liquidity affect non-performing loans: Evidence from Vietnam. Polish Journal of Management Studies, 26(1), 325–337. https://doi.org/10.17512/pjms.2022.26.1.20
  • Ullah, M. S., Muttakin, M. B., & Khan, A. (2019). Corporate governance and corporate social responsibility disclosures in insurance companies. International Journal of Accounting & Information Management, 27(2), 284–300. https://doi.org/10.1108/IJAIM-10-2017-0120
  • Xu, B., & Zeng, T. (2016). Profitability, state ownership, tax reporting and corporate social responsibility: Evidence from Chinese listed firms. Social Responsibility Journal, 12(1), 23–31. https://doi.org/10.1108/SRJ-06-2014-0076
  • Yang, S., He, F., Zhu, Q., & Li, S. (2018). How does corporate social responsibility change capital structure? Asia-Pacific Journal of Accounting & Economics, 25(3–4), 352–387. https://doi.org/10.1080/16081625.2017.1354710
  • Zhou, K. Z., Gao, G. Y., & Zhao, H. (2017). State ownership and firm innovation in China: An integrated view of institutional and efficiency logics. Administrative Science Quarterly, 62(2), 375–404. https://doi.org/10.1177/0001839216674457