If the wind blows, adjust your sail: Political ideology, social responsibility, and performance

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dc.contributor.authorCampayo-Sanchez, Fernandoen
dc.contributor.authorSharma, Abhinaven
dc.contributor.authorMas-Ruiz, Francisco J.en
dc.contributor.authorNicolau, Juan Luisen
dc.date.accessioned2024-08-23T13:57:18Zen
dc.date.available2024-08-23T13:57:18Zen
dc.date.issued2024-09-01en
dc.description.abstractDrawing on the upper echelons theory and the attention theory, this study investigates the influence of a chief executive officer's political beliefs on the market value generated by corporate social responsibility investments. The empirical analysis on U.S. hotel companies over a 25-year period (1998–2022) reveals that greater misalignment between a chief executive officer's ideology and the national political climate leads to a weaker impact of corporate social responsibility-related activities on the market value. This result is significant because it suggests that chief executive officers' actions are not solely determined by their ideological stance—as the upper echelons theory predicts—but rather by the conflict they experience when the external environment contradicts their ideological beliefs, which is a theoretical extension.en
dc.description.versionAccepted versionen
dc.format.mimetypeapplication/pdfen
dc.identifier103814 (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.annals.2024.103814en
dc.identifier.issn0160-7383en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120997en
dc.identifier.volume108en
dc.language.isoenen
dc.publisherElsevieren
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectupper echelons theoryen
dc.subjectattention theoryen
dc.subjectcorporate social responsibilityen
dc.subjectpolitical ideologyen
dc.subjectmarket valueen
dc.titleIf the wind blows, adjust your sail: Political ideology, social responsibility, and performanceen
dc.title.serialAnnals of Tourism Researchen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherJournal Articleen
pubs.organisational-groupVirginia Techen
pubs.organisational-groupVirginia Tech/Pamplin College of Businessen
pubs.organisational-groupVirginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-groupVirginia Tech/All T&R Facultyen
pubs.organisational-groupVirginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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