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Motivated to be socially responsible? CEO regulatory focus, firm performance, and corporate social responsibility

journal contribution
posted on 2024-03-27, 03:43 authored by J Liang, Ameeta JainAmeeta Jain, A Newman, MP Mount, Jooyoung KimJooyoung Kim
This study examines the interactive effect of CEOs’ regulatory focus and corporate financial performance (CFP) on the firm's corporate social responsibility (CSR). While prior research has examined the influence of CEOs’ psychological attributes on CSR, less attention has been devoted to understanding how the firms’ CFP impacts this relationship. Drawing on regulatory focus theory and the behavioral theory of the firm, we integrate these CEO-level and organizational-level mechanisms into an overarching theoretical framework that explains when and how CEOs are motivated to engage in CSR. We propose that promotion-focused (prevention-focused) CEOs will engage in CSR when CFP is above (below) aspirations but disengage from CSR when CFP is below (above) aspirations. We find partial support for these hypotheses using a sample of 1,250 U.S. firms.

History

Journal

Journal of Business Research

Volume

176

Article number

114578

Pagination

114578-114578

Location

Amsterdam, The Netherlands

ISSN

0148-2963

eISSN

1873-7978

Language

en

Publication classification

C1 Refereed article in a scholarly journal

Publisher

Elsevier BV

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