THE RELATIONSHIP BETWEEN SENIOR EXECUTIVE’S CHARACTERISTICS, ORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE
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บทคัดย่อ
Based on Upper Echelons Theory, Resource-based Theory and Stakeholder Theory, this paper constructs a theoretical model of the relationship between senior executive’s characteristics, corporate social responsibility performance and financial performance in the Chinese context. Empirical tests were conducted based on the panel data of 2032 listed Chinese companies from 2012 to 2016. Results show that 1) political connections and overseas background of executive teams can effectively promote corporate social responsibility performance, and in turn improve the firms’ financial performance; 2) good corporate social responsibility performance can have a positive impact on financial performance; and 3) the uncertainty level of the institutional environment strengthens the positive impact of the political connections of executive teams on corporate social responsibility performance, but it weakens the positive impact of the overseas background of executive teams on corporate social responsibility performance. This paper gives theoretical supplement and empirical support to existing research limitations. At the same time, the research conclusion of this paper has guiding significance for the construction of corporate senior management team and the practice of corporate social responsibility.
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“ข้าพเจ้าและผู้เขียนร่วม (ถ้ามี) ขอรับรองว่า บทความที่เสนอมานี้ยังไม่เคยได้รับการตีพิมพ์และไม่ได้อยู่ระหว่างกระบวนการพิจารณาลงตีพิมพ์ในวารสารหรือแหล่งเผยแพร่อื่นใด ข้าพเจ้าและผู้เขียนร่วมยอมรับหลักเกณฑ์การพิจารณาต้นฉบับ ทั้งยินยอมให้กองบรรณาธิการมีสิทธิ์พิจารณาและตรวจแก้ต้นฉบับได้ตามที่เห็นสมควร พร้อมนี้ขอมอบลิขสิทธิ์บทความที่ได้รับการตีพิมพ์ให้แก่สถาบันการจัดการปัญญาภิวัฒน์หากมีการฟ้องร้องเรื่องการละเมิดลิขสิทธิ์เกี่ยวกับภาพ กราฟ ข้อความส่วนใดส่วนหนึ่งและ/หรือข้อคิดเห็นที่ปรากฏในบทความข้าพเจ้าและผู้เขียนร่วมยินยอมรับผิดชอบแต่เพียงฝ่ายเดียว”
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