The Effects of CEO Characteristics and Incentives on Corporate Social Responsibility
CSR (corporate social responsibility) is defined as corporate integrated responsibilities encompassing the economic, legal, ethical and discretionary (or philanthropic) expectations that the society has of organizations (Carroll, 1979) There has been increasing attention to CSR because responsible business operations have been considered essential to a firm's sustainability. Therefore, over the last few decades, the literature on CSR has identified various factors and motives that lead firms to become involved in social activities (e.g. Aguilera et al. 2007; Chang et al. 2015) For example, some previous studies have noted that slack resources (Waddock and Graves, 1997) firm size (Udayasankar, 2008) stakeholder attribution (Lee et al. 2013) board composition (Johnson and Greening, 1999) and ownership structure (Oh et al. 2011) affect CSR.