Next Article in Journal
From Evidence to Design Solution—On How to Handle Evidence in the Design Process of Sustainable, Accessible and Health-Promoting Landscapes
Next Article in Special Issue
Executive Gender and Firm Environmental Management: Evidence from CFO Transitions
Previous Article in Journal
Progress or Stagnation: Academic Assessments for Sustainable Education in Rural China
Previous Article in Special Issue
Business Friendliness: A Double-Edged Sword
Article

Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence

1
Fordham University and Bank of Finland, 45 Columbus Avenue, 5th Floor, New York, NY 10023, USA
2
Stuart School of Business, Illinois Institute of Technology, 565 W Adams St., Chicago, IL 60661, USA
3
The Peter J. Tobin College of Business, St. John’s University, 8000 Utopia Parkway, Queens, NY 11439, USA
*
Author to whom correspondence should be addressed.
Academic Editor: Giuliana Birindelli
Sustainability 2021, 13(6), 3250; https://doi.org/10.3390/su13063250
Received: 11 February 2021 / Revised: 10 March 2021 / Accepted: 12 March 2021 / Published: 16 March 2021
In this study, we examine whether and to what extent affiliated bankers on board may affect firms’ corporate social performance. Using a propensity score-matched sample from 2002 to 2016, we find that board directors from affiliated banks exert significantly positive influence on firms’ corporate social performance. Furthermore, board of directors from affiliated banks are negatively associated with firm investments in corporate social responsibility (CSR) activities when firms experience financial distress. Finally, we find that the effect of affiliated bankers on board on firms’ CSR performance depends on the affiliated banks’ CSR orientation, as affiliated banker directors from banks with higher CSR orientation have a stronger influence on firms’ investments in CSR activities. The results suggest that improving firm’s CSR performance is consistent with the affiliated banks’ interests. View Full-Text
Keywords: affiliated bankers on board; corporate social responsibility; board of directors; loans affiliated bankers on board; corporate social responsibility; board of directors; loans
MDPI and ACS Style

Hasan, I.; Li, H.; Wang, H.; Zhu, Y. Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence. Sustainability 2021, 13, 3250. https://doi.org/10.3390/su13063250

AMA Style

Hasan I, Li H, Wang H, Zhu Y. Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence. Sustainability. 2021; 13(6):3250. https://doi.org/10.3390/su13063250

Chicago/Turabian Style

Hasan, Iftekhar, Hui Li, Haizhi Wang, and Yun Zhu. 2021. "Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence" Sustainability 13, no. 6: 3250. https://doi.org/10.3390/su13063250

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