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CEO network centrality and corporate social responsibility

CEO network centrality and corporate social responsibility This study aims to examine the impact of a chief executive officer (CEO) social network centrality on corporate social responsibility (CSR) performance.Design/methodology/approachThis study carries out a multivariate linear regression analysis on a panel data sample of 11,507 firm-year observations (representing 1,386 unique US firms) from 2004 to 2014.FindingsThis paper finds a significant negative relation between CEO network centrality and irresponsible CSR performance (measured as CSR concerns). The findings suggest that better-connected CEOs can better mitigate CSR concerns or weaknesses, leading to improved overall CSR performance of a firm.Originality/valueThis is the first study that directly examines the empirical link between CEO centrality and CSR performance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Responsibility Journal Emerald Publishing

CEO network centrality and corporate social responsibility

Social Responsibility Journal , Volume 18 (1): 22 – Jan 7, 2022

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1747-1117
DOI
10.1108/srj-04-2020-0147
Publisher site
See Article on Publisher Site

Abstract

This study aims to examine the impact of a chief executive officer (CEO) social network centrality on corporate social responsibility (CSR) performance.Design/methodology/approachThis study carries out a multivariate linear regression analysis on a panel data sample of 11,507 firm-year observations (representing 1,386 unique US firms) from 2004 to 2014.FindingsThis paper finds a significant negative relation between CEO network centrality and irresponsible CSR performance (measured as CSR concerns). The findings suggest that better-connected CEOs can better mitigate CSR concerns or weaknesses, leading to improved overall CSR performance of a firm.Originality/valueThis is the first study that directly examines the empirical link between CEO centrality and CSR performance.

Journal

Social Responsibility JournalEmerald Publishing

Published: Jan 7, 2022

Keywords: Corporate social responsibility; Social network analysis; Chief executive officers; Social network centrality; C12; M10; M40

References