Next Article in Journal
Physical Activity and Sports Practice in Children and Adolescents at the Time of the COVID-19 Pandemic: Hypothetical Future Scenarios and Preventive Practical Applications
Previous Article in Journal
Light Electric Vehicles for Muscle–Battery Electric Mobility in Circular Economy: A Comprehensive Study
 
 
Article

Teachers in the Top Management Team and Corporate Social Responsibility

1
HSBC Business School, Peking University, Shenzhen 518055, China
2
China Merchants Bank Beijing Branch, Beijing 100031, China
*
Author to whom correspondence should be addressed.
Academic Editor: Andrea Pérez
Sustainability 2021, 13(24), 13795; https://doi.org/10.3390/su132413795
Received: 22 November 2021 / Revised: 9 December 2021 / Accepted: 10 December 2021 / Published: 14 December 2021
(This article belongs to the Section Sustainable Management)
Firms are required to consider all stakeholders’ interests and achieve coordinated development of the company, society, and the environment. Teachers are often associated with high moral standards and dedication to others. Top managers in the top management team (TMT) are responsible as corporate executives for corporate governance and outcomes. How top managers’ teaching experience affects corporate social responsibility (CSR) therefore becomes a meaningful question. Based on A-share listed firms in China from 2010 to 2019, we empirically analyze the effects of teachers as top managers on firm CSR performance. According to our sample, 13.75% of A-share listed firms have top managers with teaching experience in the TMT. We find that the occurrence of teachers in the TMT has a positive impact on CSR, especially on sub-indicators like shareholder responsibility; employee responsibility; supplier, customer, and consumer responsibility; and environmental responsibility. Firms with more teachers in the TMT exhibit higher CSR performance. Further results indicate that this effect is significant only when top managers are also directors on the board. We use the propensity score matching method to alleviate the endogeneity problem and obtain robust results. View Full-Text
Keywords: corporate social responsibility; top management team; teaching experience corporate social responsibility; top management team; teaching experience
Show Figures

Figure 1

MDPI and ACS Style

Liu, W.; Ren, T.; Tang, W. Teachers in the Top Management Team and Corporate Social Responsibility. Sustainability 2021, 13, 13795. https://doi.org/10.3390/su132413795

AMA Style

Liu W, Ren T, Tang W. Teachers in the Top Management Team and Corporate Social Responsibility. Sustainability. 2021; 13(24):13795. https://doi.org/10.3390/su132413795

Chicago/Turabian Style

Liu, Wenyuan, Ting Ren, and Weishan Tang. 2021. "Teachers in the Top Management Team and Corporate Social Responsibility" Sustainability 13, no. 24: 13795. https://doi.org/10.3390/su132413795

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop