RT Article
T1 The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea
JF Journal of business ethics
VO 104
IS 2
SP 283
OP 297
A1 Oh, Won Yong
A1 Chang, Young Kyun
A1 Martynov, Aleksey
A2 Chang, Young Kyun
A2 Martynov, Aleksey
LA English
YR 2011
UL https://ixtheo.de/Record/1785643614
AB Relatively little research has examined the effects of ownership on the firms’ corporate social responsibility (CSR). In addition, most of it has been conducted in the Western context such as the U.S. and Europe. Using a sample of 118 large Korean firms, we hypothesize that different types of shareholders will have distinct motivations toward the firm’s CSR engagement. We break down ownership into different groups of shareholders: institutional, managerial, and foreign ownerships. Results indicate a significant, positive relationship between CSR ratings and ownership by institutions and foreign investors. In contrast, shareholding by top managers is negatively associated with firm’s CSR rating while outside director ownership is not significant. We conclude that different owners have differential impacts on the firm’s CSR engagement.
K1 Korea
K1 Corporate Social Responsibility
K1 Ownership structure
DO 10.1007/s10551-011-0912-z