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Investor attention and corporate social responsibility of family businesses in Vietnam: The moderating role of CEO overpower.
Duong, Khoa Dang; Nguyen, Hanh Thi Hong; Truong, Phuc Huu; Le, Hoa Thanh Phan.
Afiliación
  • Duong KD; Faculty of Finance and Banking, Ton Duc Thang University, Ho Chi Minh City, Vietnam.
  • Nguyen HTH; Faculty of Business Administration, Ton Duc Thang University, Ho Chi Minh City, Vietnam.
  • Truong PH; School of Finance and International Business, Saxion University of Applied Sciences, Deventer, Netherlands.
  • Le HTP; Faculty of Accounting and Auditing, Van Lang University, Ho Chi Minh City, Vietnam.
PLoS One ; 19(7): e0306989, 2024.
Article en En | MEDLINE | ID: mdl-39028704
ABSTRACT
This study examines the influence of investor attention and Chief Executive Officers (CEOs) power on Corporate Social Responsibility (CSR) within Vietnamese family businesses. Unlike most of the past literature, this study further investigates the potential moderating effects of CEOs' power on the relationship between investor attention and CSR. Utilizing the dynamic system Generalized Method of Moments (GMM), this study analyzes a dataset comprising 116 Vietnamese family businesses from 2005 to 2020. The findings reveal an inverted U-shape between CEO power and CSR within family businesses; meanwhile, investor attention demonstrates a negative impact on CSR. Moreover, the results report that CEO power is a moderating factor in the relationship between investor attention and CSR. These results are consistent with various theoretical frameworks, including agency theory, overinvestment, career concern, career horizon, and conflict-resolution hypotheses. Finally, our study offers management implications to foster the sustainable development of CSR within family businesses, particularly within emerging markets.
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Responsabilidad Social / Comercio / Inversiones en Salud Límite: Humans País/Región como asunto: Asia Idioma: En Revista: PLoS One Asunto de la revista: CIENCIA / MEDICINA Año: 2024 Tipo del documento: Article País de afiliación: Vietnam Pais de publicación: Estados Unidos
Texto completo
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Responsabilidad Social / Comercio / Inversiones en Salud Límite: Humans País/Región como asunto: Asia Idioma: En Revista: PLoS One Asunto de la revista: CIENCIA / MEDICINA Año: 2024 Tipo del documento: Article País de afiliación: Vietnam Pais de publicación: Estados Unidos