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@article{ART001965641},
author={Kang, Sang Koo and 임현일},
title={CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2015},
volume={26},
number={1},
pages={73-108}

TY - JOUR
AU - Kang, Sang Koo
AU - 임현일
TI - CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea
JO - Journal of Insurance and Finance
PY - 2015
VL - 26
IS - 1
PB - Korea Insurance Research Institute
SP - 73
EP - 108
SN - 2384-3209
AB - CEO has incentive to manage their reputation from either private benefits of control or career concern. We examine whether CEO's incentive to manage their reputation can affect CSR activity of the firm they manage. Further, we explore the effect of CSR, driven by such incentive, on firm value and short-term performance. Using Korean companies from 2005 to 2010, we find significantly positive relation between CEO's incentive to manage their reputation and CSR activities after controlling governance and firm characteristic variables. Non-family CEO, with greater incentive for reputation management, significantly increases the CSR activities more. Further, we find that CSR does not increase firm value when CSR is made by non-family CEO with greater incentive for reputation management. Even worse, these incentive driven CSR significantly decreases firm value. We interpret the result that CSR activities could be exploited as a means to improve CEO's reputation, when the CEO has larger incentive to manage their reputation.
KW - CEO;Reputation;Corporate Social Responsibility;Non-family CEO;Firm Value
DO -
UR -
ER -

Kang, Sang Koo and 임현일. (2015). CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea. Journal of Insurance and Finance, 26(1), 73-108.

Kang, Sang Koo and 임현일. 2015, "CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea", Journal of Insurance and Finance, vol.26, no.1 pp.73-108.

Kang, Sang Koo, 임현일 "CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea" Journal of Insurance and Finance 26.1 pp.73-108 (2015) : 73.

Kang, Sang Koo, 임현일. CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea. 2015; 26(1), 73-108.

Kang, Sang Koo and 임현일. "CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea" Journal of Insurance and Finance 26, no.1 (2015) : 73-108.

Kang, Sang Koo; 임현일. CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea. Journal of Insurance and Finance, 26(1), 73-108.

Kang, Sang Koo; 임현일. CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea. Journal of Insurance and Finance. 2015; 26(1) 73-108.

Kang, Sang Koo, 임현일. CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea. 2015; 26(1), 73-108.

Kang, Sang Koo and 임현일. "CEO's Incentive to Manage Reputation and Corporate Social Responsibility(CSR): Evidence from Korea" Journal of Insurance and Finance 26, no.1 (2015) : 73-108.