文章基本信息

标题：Does a Foreign Board Improve Corporate Social Responsibility?
本地全文：下载
作者：Doddy Setiawan ; Rayenda Khresna Brahmana ; Andi Asrihapsari 等
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2021
卷号：13
期号：20
页码：11473
DOI：10.3390/su132011473
语种：English
出版社：MDPI, Open Access Journal
摘要：This study examines the effect of foreign boards on corporate social responsibility, exploring the issues of two-tier board systems (boards of directors and boards of commissioners). Using data for manufacturing firms listed on the Indonesia Stock Exchange over the sample period of 2017–2019, the results suggest that a foreign board engages more in corporate social responsibility activities. Our key finding remains robust with respect to all foreign board measures (foreign ownership, foreign board members, foreign directors, foreign commissioners, foreign CEO, and foreign chairperson) and to alternative estimation methods, and pass a series of endogeneity checks. We established the causal effect from foreign boards to CSR, supporting institutional theory and contesting agency theory.