Left, Right and CSR

Corporate social responsibility (CSR) means going above and beyond business interests to take action for the greater good of society. If a firm’s CEO is politically liberal, is he or she more likely to advance CSR than a conservative leader? A new article published in Administrative Science Quarterly answers this question with a study of CEOs and their political leanings:

Not only did we find that CEOs’ ideology has a main effect on CSR (which, again, is amplified by CEO power), but we also hypothesized and found that politically liberal CEOs, relative to conservati????????????????????????????ve peers, tend to be relatively unre- sponsive to their firms’ performance levels when advancing CSR; in line with their personal values, they emphasized CSR even when company performance was poor. This is intriguing evidence of executives’ values prevailing over con- textual conditions in corporate decision making. Conservative CEOs, by con- trast, were more sensitive to current performance levels, especially curtailing CSR initiatives when times were poor. This latter result suggests that conser- vative CEOs view CSR initiatives as optional acts of corporate citizenship that can be selectively undertaken as financial conditions permit. Liberal CEOs appear to be more unconditional supporters of CSR, whereas conservative CEOs are ‘‘fair weather supporters,’’ who advance CSR when they believe they can spare the resources to do so.

Read the article, “Political Ideologies of CEOs: The Influence of Executives’ Values on Corporate Social Responsibility,” published by M. K. Chin, Donald C. Hambrick, and Linda K. Treviño, all of The Pennsylvania State University, in Administrative Science Quarterly’s  OnlineFirst section.

This entry was posted in Corporate Social Responsibility and tagged , , , , , by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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