GSSR - Global Social Sciences Review

CORPORATE SOCIAL RESPONSIBILITY PERFORMANCE STATE OWNERSHIP AND EXECUTIVE COMPENSATION EMPIRICAL EVIDENCE FROM CHINA

http://dx.doi.org/10.31703/gssr.2019(IV-I).06 10.31703/gssr.2019(IV-I).06
Authored by : AbdurRauf , KashifAmin , ZafarSaleem

06 Pages : 42-52

References

Akisik, O., & Gal, G. (2017). The impact of corporate social responsibility and internal controls on stakeholders' view of the firm and financial performance , Sustainability Accounting, Management and Policy Journal, 8(3): 246-280
Atkinson, L., & Galaskiewicz, J. (1988). Stock ownership and company contributions to charity , Administrative Science Quarterly, 33(1): 82-100.
Bai, C.E., & L.C. Xu. (2005). Incentives for CEOs with multitasks: Evidence from Chinese state-owned enterprises , Journal of Comparative Economics 33(3): 517-539.
Barnea, A. & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics97: 71-86.
Baum, C.F. (2001). Residual diagnostics for cross-section time series regression models , The Stata Journal 1(1): 101-104.
Bear, S., N. Rahman, & Post, C. (2010). The impact of board diversity and gender composition on corporate social responsibility and firm reputation . Journal of Business Ethics 97(2): 207-221.
Berrone, P., & Gomez-Mejia, L.(2009). Environmental performance and executive compensation: an integrated agency-institutional perspective , Academy of Management Journal 52(1): 103-126.
Bhattacharyya, N., A., Mawani, & Morrill, C. (2008). Dividend payout and executive compensation: theory and evidence , Accounting & Finance 48(4): 521-541.
Cai, Y.,H., Jo, & Pan, C.H. (2011). Vice or Virtue? The impact of corporate social responsibility on executive compensation. , Journal of Business Ethics, 104(2): 159-173.
Cai, G., & Zheng, G. (2016). Executive compensation in business groups: Evidence from China. China Journal of Accounting Research, 9(1), 25-39.
Callan, S.J., & Thomas, J.M. (2011). Executive compensation, corporate social responsibility, and corporate financial performance: a multi-equation framework , Corporate Social Responsibility and Environmental Management 18(6): 332-351.
Callan, S.J., & Thomas, J.M. (2014). Relating CEO compensation to social performance and financial performance: does the measure of compensation matter , Corporate Social Responsibility and Environmental Management 21(4): 202-227.
Cameron, A.C., & Trivedi, P.K. (2010). Microeconometrics using stata . College Station, TX: Stata press.
CSRC. (1998). Guidelines on Contents and Formats of Information Disclosure of Annual Report for Listed Companies-1998 version. China Securities Regulatory Commission
CSRC (2000). Guidelines on Contents and Formats of Information Disclosure of Annual Report for Listed Companies - 2000 version. China Securities Regulatory Commission.
CSRC (2005). Regulation for the Stock Options Grants in Public Firms. China Securities Regulatory Commission.
Conyon, M.J.. & He, L. (2011). Executive compensation and corporate governance in China , Journal of Corporate Finance 17(4): 1158-1175.
Conyon, M.J., & He, L. (2012). CEO compensation and corporate governance in China , Corporate Governance: An International Review 20(6): 575-592.
Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? , Corporate Governance: An International Review 20(3): 233-252.
Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? , Corporate Governance: An International Review 20(3): 233-252.
Donaldson, T., & Preston, L. (1995). The stakeholder theory of the corporation: concepts, evidence, and implications , Academy of Management Review 20(1): 65-91.
Flammer, C., B., Hong, & Minor, D. (2017). Corporate Governance and the Rise of Integrating CSR Criteria in Executive Compensation , Academy of Management Proceedings (Vol. 2017, No. 1, p. 11206). Academy of Management.
Friedman, M. (1962). Capitalism and Freedom , Chicago, IL: University of Chicago Press.
Freeman, E. (1984). Strategic Management: A Stakeholder Approach , Boston. MA: Pitman Publishing
Gomez-Mejia, L.R., Larraza-Kintana, M., & Makri, M. (2003). The determinants of executive compensation in family-controlled public corporations , Academy of Management Journal 46(2): 226-237.
Harvey, B. (1999). Graceful merchants: A contemporary view of Chinese business ethics. Journal of Business Ethics 20: 85-92.
He, L. (2008). Do founders matter? A study of executive compensation, governance structure and firm performance , Journal of Business Venturing 23(3): 257-279.
Hill, R.P., Ainscough, T., Shank, T., & Manullang, D. (2007). Corporate social responsibility and socially responsible investing: A global perspective , Journal of Business Ethics70: 165-174.
Jensen, M., & Meckling, W. (1976). Theory of the firm: managerial behavior, agency costs, and capital structure , Journal of Financial Economics3: 305-360.
Jensen, M.C., & Murphy, K.C. (1990). Performance pay and top-management incentives. Journal of Political Economics 98: 225-264.
Jo, H., & Harjoto, M.A. (2011). Corporate governance and firm value: The impact of corporate social responsibility , Journal of Business Ethics 103(3): 351-383.
Jo, H., & Harjoto, M.A. (2012). The causal effect of corporate governance on corporate social responsibility , Journal of Business Ethics 106(1): 53-72.
Kang J. (2013). The relationship between corporate diversification and corporate social performance. Strategic Management Journal 34(1): 94-109.
Kato, T., & Long, L. (2006). Executive compensation, firm performance, and corporate governance in China: Evidence from firms listed in the Shanghai and Shenzhen stock exchanges', Economic Development and Cultural Change 54(4): 945-983.
Lau, C., Lu, Y., & Liang, Q. (2016). Corporate social responsibility in China: A corporate governance approach. Journal of Business Ethics 136 (1): 73-87.
Li, Y., & Foo, C.T. (2015). A sociological theory of corporate finance. Societal responsibility and cost of equity in China . Chinese Management Studies 9(3): 269-294.
Li, Q., Luo, W., Wang, Y., & Wu, L. (2013). Firm performance, corporate ownership, and corporate social responsibility disclosure in China , Business Ethics: A European Review 22(2): 159-173.
Li, W., & Zhang, L. (2010). Corporate social responsibility, ownership structure, and political interference: Evidence from China , Journal of Business Ethics 96(4): 631-645.,
Mahoney, L., & Thorne, L. (2006). An examination of the structure of executive compensation and corporate social responsibility: A Canadian Investigation , Journal of Business Ethics 69: 149-162.
Marquis, C., & Qian, C. (2014). Corporate social reporting in China: Symbol or substance
Moon, J., & Shen, X. (2010). CSR in china research: salience, focus and nature. Journal of Business Ethics 94 (4): 613-629.
Oh, W.Y., Chang, Y.K., & Martynov, A. (2011). The effect of ownership structure on corporate social responsibility: Empirical evidence from Korea , Journal of Business Ethics 104(2): 283-297.
Pan, X., Sha, J., Zhang, H., & Ke, W. (2014). Relationship between corporate social responsibility and financial performance in the mineral Industry: Evidence from Chinese mineral firms , Sustainability 6(7): 4077-4101.
See, G. (2009). Harmonious society and Chinese CSR: Is there really a link? , Journal of Business Ethics 89: 1-22.
Shahab, Y., & Ye, C. (2018). Corporate Social Responsibility Disclosure and Corporate Governance: NeoInstitutional acumens from China. International Journal of Disclosure and Governance https://doi.org/10.1057/s41310-018-0038-y
Shahab, Y., Ntim, C.G., & Ullah, F. (2018a). The brighter side of being socially responsible: CSR ratings and financial distress among Chinese state and non-state owned firms. Applied Economics Letters https://doi.org/10.1080/13504851.2018.1450480
Shahab, Y., Ntim, C. G., Chengang, Y., Ullah, F., & Fosu, S. (2018b). Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?. Business Strategy and the Environment, (Forthcoming) https://doi.org/10.1002/bse.2229
Staiger, D., & Stock, J.H. (1997). Instrumental variables regression with weak instruments , Econometrica, 65: 557-586.
Waddock, S., & Graves, S. (1997). The corporate social performancefinancial performance link , Strategic Management Journal 18: 303-319..
Yin, J., & Zhang, Y. (2012). Institutional dynamics and corporate social responsibility (CSR) in an emerging country context: Evidence from China. Journal of Business Ethics 111: 301-316.
You, J., & Du. G. (2012). Are political connections a blessing or a curse? Evidence from CEO turnover in China , Corporate Governance: An International Review 20(2): 179-194.
Yu, H-C, L. Kuo, & Kao, M.F. (2017). The relationship between CSR disclosure and competitive advantage , Sustainability Accounting, Management and Policy Journal 8(5): 547-570, https://doi.org/10.1108/SAMPJ-11-2016-0086
Yu, S. & Row, A.L. (2017). Emerging phenomenon of corporate social and environmental reporting in China , Sustainability Accounting, Management and Policy Journal 8(3): 386-415, https://doi.org/10.1108/SAMPJ-09-2016-0064
Yu, S. & Row, A.L. (2017). Emerging phenomenon of corporate social and environmental reporting in China , Sustainability Accounting, Management and Policy Journal 8(3): 386-415, https://doi.org/10.1108/SAMPJ-09-2016-0064
Zeng, S., Xu, X., Yin, H., & Tam. C. (2012). Factors that drive Chinese listed companies in voluntary disclosure of environmental information. Journal of Business Ethics 109 (3): 309-321.
Zhang, J.Q., Zhu. H., & Ding, H. (2013). Board composition and corporate social responsibility: An empirical investigation in the post Sarbanes-Oxley era , Journal of Business Ethics 114: 381-392.

References

Akisik, O., & Gal, G. (2017). The impact of corporate social responsibility and internal controls on stakeholders' view of the firm and financial performance , Sustainability Accounting, Management and Policy Journal, 8(3): 246-280
Atkinson, L., & Galaskiewicz, J. (1988). Stock ownership and company contributions to charity , Administrative Science Quarterly, 33(1): 82-100.
Bai, C.E., & L.C. Xu. (2005). Incentives for CEOs with multitasks: Evidence from Chinese state-owned enterprises , Journal of Comparative Economics 33(3): 517-539.
Barnea, A. & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics97: 71-86.
Baum, C.F. (2001). Residual diagnostics for cross-section time series regression models , The Stata Journal 1(1): 101-104.
Bear, S., N. Rahman, & Post, C. (2010). The impact of board diversity and gender composition on corporate social responsibility and firm reputation . Journal of Business Ethics 97(2): 207-221.
Berrone, P., & Gomez-Mejia, L.(2009). Environmental performance and executive compensation: an integrated agency-institutional perspective , Academy of Management Journal 52(1): 103-126.
Bhattacharyya, N., A., Mawani, & Morrill, C. (2008). Dividend payout and executive compensation: theory and evidence , Accounting & Finance 48(4): 521-541.
Cai, Y.,H., Jo, & Pan, C.H. (2011). Vice or Virtue? The impact of corporate social responsibility on executive compensation. , Journal of Business Ethics, 104(2): 159-173.
Cai, G., & Zheng, G. (2016). Executive compensation in business groups: Evidence from China. China Journal of Accounting Research, 9(1), 25-39.
Callan, S.J., & Thomas, J.M. (2011). Executive compensation, corporate social responsibility, and corporate financial performance: a multi-equation framework , Corporate Social Responsibility and Environmental Management 18(6): 332-351.
Callan, S.J., & Thomas, J.M. (2014). Relating CEO compensation to social performance and financial performance: does the measure of compensation matter , Corporate Social Responsibility and Environmental Management 21(4): 202-227.
Cameron, A.C., & Trivedi, P.K. (2010). Microeconometrics using stata . College Station, TX: Stata press.
CSRC. (1998). Guidelines on Contents and Formats of Information Disclosure of Annual Report for Listed Companies-1998 version. China Securities Regulatory Commission
CSRC (2000). Guidelines on Contents and Formats of Information Disclosure of Annual Report for Listed Companies - 2000 version. China Securities Regulatory Commission.
CSRC (2005). Regulation for the Stock Options Grants in Public Firms. China Securities Regulatory Commission.
Conyon, M.J.. & He, L. (2011). Executive compensation and corporate governance in China , Journal of Corporate Finance 17(4): 1158-1175.
Conyon, M.J., & He, L. (2012). CEO compensation and corporate governance in China , Corporate Governance: An International Review 20(6): 575-592.
Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? , Corporate Governance: An International Review 20(3): 233-252.
Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? , Corporate Governance: An International Review 20(3): 233-252.
Donaldson, T., & Preston, L. (1995). The stakeholder theory of the corporation: concepts, evidence, and implications , Academy of Management Review 20(1): 65-91.
Flammer, C., B., Hong, & Minor, D. (2017). Corporate Governance and the Rise of Integrating CSR Criteria in Executive Compensation , Academy of Management Proceedings (Vol. 2017, No. 1, p. 11206). Academy of Management.
Friedman, M. (1962). Capitalism and Freedom , Chicago, IL: University of Chicago Press.
Freeman, E. (1984). Strategic Management: A Stakeholder Approach , Boston. MA: Pitman Publishing
Gomez-Mejia, L.R., Larraza-Kintana, M., & Makri, M. (2003). The determinants of executive compensation in family-controlled public corporations , Academy of Management Journal 46(2): 226-237.
Harvey, B. (1999). Graceful merchants: A contemporary view of Chinese business ethics. Journal of Business Ethics 20: 85-92.
He, L. (2008). Do founders matter? A study of executive compensation, governance structure and firm performance , Journal of Business Venturing 23(3): 257-279.
Hill, R.P., Ainscough, T., Shank, T., & Manullang, D. (2007). Corporate social responsibility and socially responsible investing: A global perspective , Journal of Business Ethics70: 165-174.
Jensen, M., & Meckling, W. (1976). Theory of the firm: managerial behavior, agency costs, and capital structure , Journal of Financial Economics3: 305-360.
Jensen, M.C., & Murphy, K.C. (1990). Performance pay and top-management incentives. Journal of Political Economics 98: 225-264.
Jo, H., & Harjoto, M.A. (2011). Corporate governance and firm value: The impact of corporate social responsibility , Journal of Business Ethics 103(3): 351-383.
Jo, H., & Harjoto, M.A. (2012). The causal effect of corporate governance on corporate social responsibility , Journal of Business Ethics 106(1): 53-72.
Kang J. (2013). The relationship between corporate diversification and corporate social performance. Strategic Management Journal 34(1): 94-109.
Kato, T., & Long, L. (2006). Executive compensation, firm performance, and corporate governance in China: Evidence from firms listed in the Shanghai and Shenzhen stock exchanges', Economic Development and Cultural Change 54(4): 945-983.
Lau, C., Lu, Y., & Liang, Q. (2016). Corporate social responsibility in China: A corporate governance approach. Journal of Business Ethics 136 (1): 73-87.
Li, Y., & Foo, C.T. (2015). A sociological theory of corporate finance. Societal responsibility and cost of equity in China . Chinese Management Studies 9(3): 269-294.
Li, Q., Luo, W., Wang, Y., & Wu, L. (2013). Firm performance, corporate ownership, and corporate social responsibility disclosure in China , Business Ethics: A European Review 22(2): 159-173.
Li, W., & Zhang, L. (2010). Corporate social responsibility, ownership structure, and political interference: Evidence from China , Journal of Business Ethics 96(4): 631-645.,
Mahoney, L., & Thorne, L. (2006). An examination of the structure of executive compensation and corporate social responsibility: A Canadian Investigation , Journal of Business Ethics 69: 149-162.
Marquis, C., & Qian, C. (2014). Corporate social reporting in China: Symbol or substance
Moon, J., & Shen, X. (2010). CSR in china research: salience, focus and nature. Journal of Business Ethics 94 (4): 613-629.
Oh, W.Y., Chang, Y.K., & Martynov, A. (2011). The effect of ownership structure on corporate social responsibility: Empirical evidence from Korea , Journal of Business Ethics 104(2): 283-297.
Pan, X., Sha, J., Zhang, H., & Ke, W. (2014). Relationship between corporate social responsibility and financial performance in the mineral Industry: Evidence from Chinese mineral firms , Sustainability 6(7): 4077-4101.
See, G. (2009). Harmonious society and Chinese CSR: Is there really a link? , Journal of Business Ethics 89: 1-22.
Shahab, Y., & Ye, C. (2018). Corporate Social Responsibility Disclosure and Corporate Governance: NeoInstitutional acumens from China. International Journal of Disclosure and Governance https://doi.org/10.1057/s41310-018-0038-y
Shahab, Y., Ntim, C.G., & Ullah, F. (2018a). The brighter side of being socially responsible: CSR ratings and financial distress among Chinese state and non-state owned firms. Applied Economics Letters https://doi.org/10.1080/13504851.2018.1450480
Shahab, Y., Ntim, C. G., Chengang, Y., Ullah, F., & Fosu, S. (2018b). Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?. Business Strategy and the Environment, (Forthcoming) https://doi.org/10.1002/bse.2229
Staiger, D., & Stock, J.H. (1997). Instrumental variables regression with weak instruments , Econometrica, 65: 557-586.
Waddock, S., & Graves, S. (1997). The corporate social performancefinancial performance link , Strategic Management Journal 18: 303-319..
Yin, J., & Zhang, Y. (2012). Institutional dynamics and corporate social responsibility (CSR) in an emerging country context: Evidence from China. Journal of Business Ethics 111: 301-316.
You, J., & Du. G. (2012). Are political connections a blessing or a curse? Evidence from CEO turnover in China , Corporate Governance: An International Review 20(2): 179-194.
Yu, H-C, L. Kuo, & Kao, M.F. (2017). The relationship between CSR disclosure and competitive advantage , Sustainability Accounting, Management and Policy Journal 8(5): 547-570, https://doi.org/10.1108/SAMPJ-11-2016-0086
Yu, S. & Row, A.L. (2017). Emerging phenomenon of corporate social and environmental reporting in China , Sustainability Accounting, Management and Policy Journal 8(3): 386-415, https://doi.org/10.1108/SAMPJ-09-2016-0064
Yu, S. & Row, A.L. (2017). Emerging phenomenon of corporate social and environmental reporting in China , Sustainability Accounting, Management and Policy Journal 8(3): 386-415, https://doi.org/10.1108/SAMPJ-09-2016-0064
Zeng, S., Xu, X., Yin, H., & Tam. C. (2012). Factors that drive Chinese listed companies in voluntary disclosure of environmental information. Journal of Business Ethics 109 (3): 309-321.
Zhang, J.Q., Zhu. H., & Ding, H. (2013). Board composition and corporate social responsibility: An empirical investigation in the post Sarbanes-Oxley era , Journal of Business Ethics 114: 381-392.