search query: @indexterm Company ownership / total: 496
reference: 2 / 496
| Author: | Barnea, A. Rubin, A. |
| Title: | Corporate social responsibility as a conflict between shareholders |
| Journal: | Journal of Business Ethics
2010 : NOV II, VOL 97:1, p. 71-86 |
| Index terms: | corporate responsibility expenditure shareholders company ownership USA |
| Language: | eng |
| Abstract: | The paper examines the shareholder conflict related to the company's corporate social responsibility expenditures. The authors argue that company managers may have a tendency to over-invest in CSR in order to enhance their own reputation as good global citizens. Data from 3000 U.S. firms are studied, and the findings indicate a negative relationship between insider ownership and firm's social rating. Further, institutional ownership does not correlate with social rating. The results seem to support the hypothesis about insiders' over-investments in CSR activities. |
SCIMA