Corporate social responsibility and chief executive officer wrongdoing: A fraud triangle perspective.

Autor: Zhu, Chunling1 (AUTHOR), Zeng, Ruixin1 (AUTHOR), Wang, Ruxi1 (AUTHOR) wangruxi@rmbs.ruc.edu.cn, Xiao, Yihui1 (AUTHOR)
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Zdroj: Corporate Social Responsibility & Environmental Management. Mar2023, Vol. 30 Issue 2, p874-888. 15p. 1 Diagram, 6 Charts, 2 Graphs.
Abstrakt: Although corporate social responsibility (CSR) activities may facilitate firms to meet stakeholders' demands and gain legitimacy, there is little understanding of whether and how they may bring in harmful consequences such as chief executive officer (CEO) wrongdoing. We developed a framework to explore how CSR activities lead to CEO wrongdoing based on the fraud triangle of pressure, opportunity, and rationalization. Using a sample of 530 listed firms in China that issued CSR reports between 2011 and 2018, we found a positive relationship between CSR participation and CEO wrongdoing. We also found that this positive relationship is strengthened by firms' internal capability to gain profit and their risk orientation. Our study contributes to the CSR literature by examining the potential dark side of CSR activities, and by bridging stakeholder theory and CEO wrongdoing literature. [ABSTRACT FROM AUTHOR]
Databáze: GreenFILE
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