Prosocial CEOs, corporate policies, and firm value

• Main Authors: FENG, Mei, GE, Weili, LING, Zhejia, LOH, Wei Ting
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Prosocial tendency; Corporate policies; Employee turnover; Customer satisfaction; Corporate social responsibility; Firm value; Accounting; Corporate Finance; Leadership Studies
• Online Access: https://ink.library.smu.edu.sg/soa_research/2008; https://ink.library.smu.edu.sg/context/soa_research/article/3035/viewcontent/ProsocialCEOs_sv.pdf
• Institution: Singapore Management University

This paper examines how chief executive officers' (CEOs') prosocial tendency influences corporate policies and firm value. We use individuals' involvement with charitable organizations as a proxy for prosocial tendency. We find that, compared to firms with non-prosocial CEOs, firms wi...