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Journal of Business Ethics

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01.06.2012

The Moderating Effects from Corporate Governance Characteristics on the Relationship Between Available Slack and Community-Based Firm Performance

verfasst von: Jeffrey S. Harrison, Joseph E. Coombs

Erschienen in: Journal of Business Ethics | Ausgabe 4/2012

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Abstract

Recent perspectives on community investments suggest that they are opportunities for firms to create value for shareholders and other stakeholders. However, many corporate managers are still influenced by a widely held belief that such investments erode profits and are therefore unjustifiable from an agency perspective. In this paper, we refine and test theory regarding countervailing forces that influence community-based firm performance. We hypothesize that high levels of available slack will be associated with higher community-based performance, but that this relationship will be moderated by three important governance variables: board independence, investment fund ownership, and CEO ownership. We find support for our hypotheses in longitudinal study of a large sample of U.S. corporations.

Vorheriger Artikel ‘Psychopaths’ at Work? Implications of Lay Persons’ Use of Labels and Behavioural Criteria for Psychopathy

Nächster Artikel A Global Analysis of Corporate Social Performance: The Effects of Cultural and Geographic Environments

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Titel: The Moderating Effects from Corporate Governance Characteristics on the Relationship Between Available Slack and Community-Based Firm Performance
verfasst von: Jeffrey S. Harrison
Joseph E. Coombs
Publikationsdatum: 01.06.2012
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 4/2012
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-011-1046-z

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