Shaped by their daughters: Executives, female socialization, and corporate social responsibility

Henrik Cronqvist (First Author), Fang Yu (Participant Author)

科研成果: 期刊稿件期刊论文

175 引用 (Web of Science)
2 下载量 (Pure)

摘要

Corporate executives managing some of the largest public companies in the U.S. are shaped by their daughters. When a firm’s chief executive officer (CEO) has a daughter, the corporate social responsibility rating (CSR) is about 9.1% higher, compared to a median firm. The results are robust to confronting several sources of endogeneity, e.g., examining first-born CEO daughters and CEO changes. The relation is strongest for diversity, but significant also for broader pro-social practices related to the environment and employee relations. Our study contributes to research on female socialization, heterogeneity in CSR policies, and plausibly exogenous determinants of CEOs’ styles.
源语言英语
页(从-至)543-562
期刊Journal of Financial Economics
126
3
DOI
已出版 - 2017

Corresponding author email

hcronqvist@bus.miami.edu, fyu@ceibs.edu

关键词

  • CEOs
  • Corporate social responsibility
  • Family environment
  • Female socialization

成果物的来源

  • FT
  • ABDC-A*
  • Scopus
  • SSCI

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