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An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience

Received: 21 November 2019     Published: 4 January 2020
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Abstract

The high-level echelon theory states that business executives are not“fully rational people”with economic assumptions in actual work. The management decision-making process of business executives is often affected by cognitive abilities, values and moral emotion. Taking the A-share listed companies in China from 2012 to 2015 as the research object, this paper analyzes the impact of the interaction between senior managers’ influence and their poverty experience on the corporate social responsibility. This study indicates that the senior managers’ poverty experience enhances the sense of corporate social responsibility. When the sub-index of senior managers’ influence and poverty experience are tested by analysis of regression, it is found that compared with the poverty environment of managers’ early experience, their three-year difficult period experience and special poverty experience have played a more significant role in strengthening the positive correlation between the senior managers’ influence and the corporate social responsibility. This investigation is helpful and beneficial for further studies on the "altruism" factors of corporate social responsibility and it could enrich the theoretical system of corporate social responsibility.

Published in Journal of Finance and Accounting (Volume 8, Issue 1)
DOI 10.11648/j.jfa.20200801.11
Page(s) 1-8
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Senior Managers’ Influence, Poverty Experience, Interaction Effect, Corporate Social Responsibility

References
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[4] Slater, D., Dixon Fowler, H. CEO International Assignment Experience and Corporate Social Performance [J]. Journal of Business Ethics, 2009, 89 (3): 473-489.
[5] Kuhnen C, Niessen A. Is Executive Compensation Shaped by Public Attitudes? [R]. Evanston: Northwestern University, 2009.
[6] Enikolopov, R., Petrova, M., Zhuravskaya, E. Media and Political Persuasion: Evidence from Russia [J]. American Economic Review, 2011, 101 (7): 3253-3285.
[7] Porter M E, Kramer M R. Strategy and Society: The Link between Competitive Advantage and Corporate Social Responsibility [J]. Harvard Business Review, 2006 (12): 36-37.
[8] Yang Junjie, Cao Guohua. CEO Reputation, Earnings Management and Investment Efficiency [J]. Soft Science, 2016, 30 (11): 71-77.
[9] Jennifer, F., H. Allen, R. Shivaram. CEO Reputation and Earnings Quality [J]. Contemporary Accounting Research, 2008, 25 (1): 109-147.
[10] Graham, J., Harvey, and M. Puri. Capital Allocation and Delegation of Decision making Authority within Firms [J]. Journal of Financial Economics, 2015, (115) 449-470.
[11] Malmendier, U., Tate, and Yan. Overconfidence and Early life Experiences: The Effect of Managerial Traits on Corporate Financial Policies [J]. Journal of Finance, 2011 (66): 1687-1733.
[12] Benson. What Determines Success? Examining The Human, Financial and Social Capital of Jamaican Microentrepreneurs [J]. Journal of Business Venturing, 1998 (13): 371-394.
[13] Hui Zhengyi. Corporate Social Responsibility Top Management Influence [N]. China Business News, May 2008 (C05).
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Cite This Article
  • APA Style

    Qiang Zhang, Bo Wang, ChengZhong Liao. (2020). An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience. Journal of Finance and Accounting, 8(1), 1-8. https://doi.org/10.11648/j.jfa.20200801.11

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    ACS Style

    Qiang Zhang; Bo Wang; ChengZhong Liao. An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience. J. Finance Account. 2020, 8(1), 1-8. doi: 10.11648/j.jfa.20200801.11

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    AMA Style

    Qiang Zhang, Bo Wang, ChengZhong Liao. An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience. J Finance Account. 2020;8(1):1-8. doi: 10.11648/j.jfa.20200801.11

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  • @article{10.11648/j.jfa.20200801.11,
      author = {Qiang Zhang and Bo Wang and ChengZhong Liao},
      title = {An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience},
      journal = {Journal of Finance and Accounting},
      volume = {8},
      number = {1},
      pages = {1-8},
      doi = {10.11648/j.jfa.20200801.11},
      url = {https://doi.org/10.11648/j.jfa.20200801.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20200801.11},
      abstract = {The high-level echelon theory states that business executives are not“fully rational people”with economic assumptions in actual work. The management decision-making process of business executives is often affected by cognitive abilities, values and moral emotion. Taking the A-share listed companies in China from 2012 to 2015 as the research object, this paper analyzes the impact of the interaction between senior managers’ influence and their poverty experience on the corporate social responsibility. This study indicates that the senior managers’ poverty experience enhances the sense of corporate social responsibility. When the sub-index of senior managers’ influence and poverty experience are tested by analysis of regression, it is found that compared with the poverty environment of managers’ early experience, their three-year difficult period experience and special poverty experience have played a more significant role in strengthening the positive correlation between the senior managers’ influence and the corporate social responsibility. This investigation is helpful and beneficial for further studies on the "altruism" factors of corporate social responsibility and it could enrich the theoretical system of corporate social responsibility.},
     year = {2020}
    }
    

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    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
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    AB  - The high-level echelon theory states that business executives are not“fully rational people”with economic assumptions in actual work. The management decision-making process of business executives is often affected by cognitive abilities, values and moral emotion. Taking the A-share listed companies in China from 2012 to 2015 as the research object, this paper analyzes the impact of the interaction between senior managers’ influence and their poverty experience on the corporate social responsibility. This study indicates that the senior managers’ poverty experience enhances the sense of corporate social responsibility. When the sub-index of senior managers’ influence and poverty experience are tested by analysis of regression, it is found that compared with the poverty environment of managers’ early experience, their three-year difficult period experience and special poverty experience have played a more significant role in strengthening the positive correlation between the senior managers’ influence and the corporate social responsibility. This investigation is helpful and beneficial for further studies on the "altruism" factors of corporate social responsibility and it could enrich the theoretical system of corporate social responsibility.
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Author Information
  • School of Economics and Management, Southwest University of Science and Technology, Mianyang, P. R. China

  • School of Civil Engineering and Architecture, Southwest University of Science and Technology, Mianyang, P. R. China

  • School of Marxism, Southwest University of Science and Technology, Mianyang, P. R. China

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