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Top Management Team Cognitive Heterogeneity and Corporate Social Responsibility Performance

Author

Listed:
  • Dan Liu
  • Zhe Zhou
  • Qiuju Zhao
  • Dongsheng Li

Abstract

Based on stakeholder theory, this study constructs an evaluation system of corporate social responsibility (CSR) performance indicators in three dimensions- economic, social and environmental. And by focusing on the mediating role of green innovation, the influence of Top Management Team (TMT) cognitive heterogeneity on CSR performance is explored. Ownership type and environmental regulation are considered as moderating variables affecting the above relationship. Based on the annual reports of Chinese manufacturing companies listed in Shanghai and Shenzhen A-shares from 2015 to 2021, it is found that TMT cognitive heterogeneity inhibits CSR performance. But at the same time, TMT cognitive heterogeneity also promotes CSR performance by stimulating corporate green innovation, which is manifested as a masking effect. Ownership type and environmental regulation moderate the masking effect of green innovation on TMT cognitive heterogeneity and CSR performance.

Suggested Citation

  • Dan Liu & Zhe Zhou & Qiuju Zhao & Dongsheng Li, 2024. "Top Management Team Cognitive Heterogeneity and Corporate Social Responsibility Performance," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 16(4), pages 1-1, April.
    • Handle: RePEc:ibn:ijefaa:v:16:y:2024:i:4:p:1
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    References listed on IDEAS

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    3. Xie, Xuemei & Huo, Jiage & Zou, Hailiang, 2019. "Green process innovation, green product innovation, and corporate financial performance: A content analysis method," Journal of Business Research, Elsevier, vol. 101(C), pages 697-706.
    4. Amore, Mario Daniele & Bennedsen, Morten & Larsen, Birthe & Rosenbaum, Philip, 2019. "CEO education and corporate environmental footprint," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 254-273.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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