期刊
JOURNAL OF BUSINESS ETHICS
卷 141, 期 2, 页码 393-409出版社
SPRINGER
DOI: 10.1007/s10551-015-2718-x
关键词
Academic; Board of directors; Corporate governance; Corporate social responsibility; Professor; Social performance ratings
资金
- KAIST Internal Research Grant
According to our data, 38.5 % of S& P 1500 firms have at least one professor on their boards. Given the lack of research examining the roles and effects of academic faculty as members of boards of directors (professor-directors) on corporate outcomes, this study investigates whether firms with professor- directors are more likely to exhibit higher corporate social responsibility (CSR) performance ratings. Results indicate that firms with professor- directors do exhibit higher CSR performance ratings than those without. However, the influence of professor-directors on firm CSR performance ratings depends on their academic background-the positive association between the presence of professor- directors and firm CSR performance ratings is significant only when their academic background is specialized (e.g., science, engineering, and medicine). Finally, this positive association weakens when professor- directors hold an administrative position at their universities.
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