search query: @indexterm Chief executive officers / total: 802
reference: 179 / 802
| Author: | Werbel, J. D. Carter, S. M. |
| Title: | The CEO's Influence on Corporate Foundation Giving |
| Journal: | Journal of Business Ethics
2002 : SEP, VOL. 40:1, p.47-60 |
| Index terms: | AGENCY THEORY COMPANIES ETHICS CHIEF EXECUTIVE OFFICERS |
| Language: | eng |
| Abstract: | Some scholars have argued that CEOs may have excessive influence on their foundation's trustees to give away a portion of company profits to charitable causes in order to gain access to elite circles or support the CEO's personal causes. This may result in charitable contributions that ultimately serve the personal interests of the CEOs without regard to corporate interests or social needs. The authors examine the extent that CEOs appear to direct charitable giving to be compatible with their own personal interests, and if CEO participation on the foundation board affects the relationship between CEO personal interests and charitable giving. Using a sample of 160 corporate foundations, the authors' results showed that CEOs' interests, was associated with foundation charitable giving. |
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