Impact of directors’ networks on corporate social responsibility: a cross country study

Article

Nandy, M., Lodh, S., Kaur, J. and Wang, J. 2020. Impact of directors’ networks on corporate social responsibility: a cross country study. International Review of Financial Analysis. 72, pp. 1-22. https://doi.org/10.1016/j.irfa.2020.101601
TypeArticle
TitleImpact of directors’ networks on corporate social responsibility: a cross country study
AuthorsNandy, M., Lodh, S., Kaur, J. and Wang, J.
Abstract

We investigate the impact of directors’ networks on corporate social responsibility (CSR) activities by using an unbalanced panel data of 2,023 publicly listed firms from 17 countries during 2003 – 2018. Drawing on network theory, stakeholder theory, and institutional theory, we find that directors’ networks is positively related to their decision of CSR activities. Additionally, we find a positive relation between directors’ networks and CSR during financial crises. Our results still hold after a set of sensitivity tests. The findings in our study expand the academic literature related to directors’ networks and CSR activities, and assist policymakers and investors in understanding the importance of directors’ networks as determining factor of CSR policies.

PublisherElsevier
JournalInternational Review of Financial Analysis
ISSN1057-5219
Publication dates
Online13 Oct 2020
Print01 Nov 2020
Publication process dates
Deposited07 Oct 2020
Accepted06 Oct 2020
Output statusPublished
Accepted author manuscript
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Copyright Statement

© 2020. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.irfa.2020.101601
LanguageEnglish
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