Impact of directors’ networks on corporate social responsibility: a cross country study

Nandy, Monomita, Lodh, Suman ORCID logoORCID:, Kaur, Jaskaran and Wang, Jin (2020) Impact of directors’ networks on corporate social responsibility: a cross country study. International Review of Financial Analysis, 72 , 101601. pp. 1-22. ISSN 1057-5219 [Article] (doi:10.1016/j.irfa.2020.101601)

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We investigate the impact of directors’ networks on corporate social responsibility (CSR) activities by using an unbalanced panel data of 2,023 publicly listed firms from 17 countries during 2003 – 2018. Drawing on network theory, stakeholder theory, and institutional theory, we find that directors’ networks is positively related to their decision of CSR activities. Additionally, we find a positive relation between directors’ networks and CSR during financial crises. Our results still hold after a set of sensitivity tests. The findings in our study expand the academic literature related to directors’ networks and CSR activities, and assist policymakers and investors in understanding the importance of directors’ networks as determining factor of CSR policies.

Item Type: Article
Research Areas: A. > Business School > Accounting and Finance
Item ID: 31130
Notes on copyright: © 2020. This manuscript version is made available under the CC-BY-NC-ND 4.0 license
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Depositing User: Suman Lodh
Date Deposited: 07 Oct 2020 10:42
Last Modified: 29 Nov 2022 18:12

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