How CEO hubris affects corporate social (ir)responsibility

• 成果类型: Article
• 署名作者: Tang, Yi; Qian, Cuili; Chen, Guoli; Shen, Rui
• 署名单位: Hong Kong Polytechnic University; City University of Hong Kong; INSEAD Business School; Nanyang Technological University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2286
• 发表日期: 2015
• 页码: 1338-1357
• 关键词: CEO hubris; Corporate social responsibility; Stakeholder theory; RESOURCE DEPENDENCE

摘要

Grounded in the upper echelons perspective and stakeholder theory, this study establishes a link between CEO hubris and corporate social responsibility (CSR). We first develop the theoretical argument that CEO hubris is negatively related to a firm's socially responsible activities but positively related to its socially irresponsible activities. We then explore the boundary conditions of hubris effects and how these relationships are moderated by resource dependence mechanisms. With a longitudinal dataset of S&P 1500 index firms for the period 2001-2010, we find that the relationship between CEO hubris and CSR is weakened when the firm depends more on stakeholders for resources, such as when its internal resource endowments are diminished as indicated by firm size and slack, and when the external market becomes more uncertain and competitive. The implications of our findings for upper echelons theory and the CSR research are discussed. Copyright (c) 2014 John Wiley & Sons, Ltd.