How do independent directors view corporate social responsibility (CSR) during a stressful time? Evidence from the financial crisis
We explore the effect of board independence on CSR investments during a stressful time, i.e. during the Great Recession. Our results show that independent directors exhibit an unfavorable view of CSR investments during the crisis. Stronger board independence leads to a significant reduction in CSR....
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Main Authors: | , , |
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Format: | Article |
Published: |
2022
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Online Access: | https://repository.li.mahidol.ac.th/handle/123456789/76884 |
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Institution: | Mahidol University |