Residential College | false |
Status | 已發表Published |
Are better-connected CEOs more socially responsible? Evidence from the U.S. restaurant industry | |
Chen, Jean J.; Ko, Stanley I.M.; Li, Leona S.Z.; Yang, Fiona X. | |
2021-08-01 | |
Source Publication | Tourism Management |
ABS Journal Level | 4 |
ISSN | 0261-5177 |
Volume | 85Pages:104304 |
Abstract | Extensive research has documented how corporate social responsibility (CSR) outcomes are determined by CEOs' intrinsic characteristics, while their social network status has been under-researched. Building on impression management theory and resource-based theory, the current study analyzes the association between CSR activities and top management's position in the social hierarchy, i.e., network centrality. The heterogeneous effects across different restaurant and CSR types are examined based on stakeholder theory. Using a panel dataset of publicly traded U.S. restaurant companies and a novel dataset of CEO network centrality, we find that firms with highly connected CEOs are involved in more socially responsible activities. In addition, the marginal effect of network centrality on CSR is stronger for fast-food than for full-service restaurants and more prominent for external than internal stakeholder subcategories. The results advance the determinant analysis of CSR and provide managerial implications for CEO selection and policy suggestions on CSR promotion. |
Keyword | Ceo Corporate Social Responsibility Impression Management Theory Network Centrality Resource-based Theory Restaurant Industry Stakeholder Theory |
DOI | 10.1016/j.tourman.2021.104304 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Environmental Sciences & Ecology ; Social Sciences - Other Topics ; Business & Economics |
WOS Subject | Environmental Studies ; Hospitality, Leisure, Sport & Tourism ; Management |
WOS ID | WOS:000642477200010 |
CSCD ID | CSCD:ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND |
Scopus ID | 2-s2.0-85101555292 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Yang, Fiona X. |
Affiliation | Faculty of Business Administration, University of Macau, Macao, China |
First Author Affilication | Faculty of Business Administration |
Corresponding Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Chen, Jean J.,Ko, Stanley I.M.,Li, Leona S.Z.,et al. Are better-connected CEOs more socially responsible? Evidence from the U.S. restaurant industry[J]. Tourism Management, 2021, 85, 104304. |
APA | Chen, Jean J.., Ko, Stanley I.M.., Li, Leona S.Z.., & Yang, Fiona X. (2021). Are better-connected CEOs more socially responsible? Evidence from the U.S. restaurant industry. Tourism Management, 85, 104304. |
MLA | Chen, Jean J.,et al."Are better-connected CEOs more socially responsible? Evidence from the U.S. restaurant industry".Tourism Management 85(2021):104304. |
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