Corporate Social Performance and Managerial Labor Market

dc.contributor.authorDai, Xinen
dc.contributor.authorGao, Fengen
dc.contributor.authorLisic, Lingen
dc.contributor.authorZhang, Ivyen
dc.date.accessioned2021-10-13T18:00:39Zen
dc.date.available2021-10-13T18:00:39Zen
dc.date.issued2021-10-13en
dc.date.updated2021-10-13T18:00:37Zen
dc.description.abstractThis paper examines the impact of a firm’s social performance on the CEO’s employment prospects. We find that CEOs are more (less) likely to leave office when there is a significant recent decline (improvement) in social performance. We then track departing CEOs’ subsequent employment records and find that the social performance of their previous employers improves their labor market outcomes. These CEOs are more likely to find a new executive position, move up to a larger public firm, and receive higher compensation from the new public firm. Using a Cox proportional hazard model, we find that the strong social performance of the previous employer helps CEOs find their next executive positions sooner. Overall, our results suggest that corporate social performance enhances CEOs’ labor market potentials.en
dc.description.versionSubmitted versionen
dc.identifier.urihttp://hdl.handle.net/10919/105289en
dc.language.isoenen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subject1501 Accounting, Auditing and Accountabilityen
dc.subjectAccountingen
dc.subjectmanagerial labor marketen
dc.subjectcorporate social responsibilityen
dc.subjectenvironmental, social, and governanceen
dc.subjectCEO turnoveren
dc.titleCorporate Social Performance and Managerial Labor Marketen
dc.title.serialReview of Accounting Studiesen
dc.typeArticleen
dc.type.dcmitypeTexten
dc.type.otherArticleen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Accounting and Information Systemsen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen
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