Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms

Yiming Ma; Juncheng Li; Lu Yang; Yafeng Hu; Ke Gao

doi:doi:10.11648/j.ijber.20190804.18

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Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms

Yiming Ma, Juncheng Li, Lu Yang, Yafeng Hu, Ke Gao

Published in International Journal of Business and Economics Research (Volume 8, Issue 4)

Received: 13 May 2019 Published: 29 July 2019

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Abstract

This study investigates the influence of a CEO’s level of education on the Corporate Social Responsibility (CSR) of listed firms in China. We find a significant and positive impact of the CEO’s level of education on the CSR of a firm, one level promotion of CEOs' education will increase 0.1630 CSR scores of a firm and increase the probability of CSR disclosure by 10.75%. This finding is robust for the univariable analysis and for sub-items and the forward performance of CSR. Further, we find that the positive relationship between the CEO’s level of education and CSR is more pronounced for CEOs who also chair the board, state-owned firms and CEOs who have overseas experience. More concretely, when the CEO is also the chairman, the CEO’s level of education has a greater positive effect on CSR than those are not chairman. In state-owned enterprises, the CEO’s level of education plays a greater role in the positive promotion of the CSR than non-stated-owned enterprises. When the CEO has studied or worked abroad, the CEO’s level of education has a greater positive effect on the CSR than those who do not have overseas experience. Our findings shed light on the role of the CEO’s level of education in CSR, and our research on Chinese listed companies enriches the relevant research on CSR in developing countries.

Published in	International Journal of Business and Economics Research (Volume 8, Issue 4)
DOI	10.11648/j.ijber.20190804.18
Page(s)	232-244
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Corporate Social Responsibility, CEO’s Level of Education, CEO Duality, State Ownership, Overseas Experience

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APA Style

Yiming Ma, Juncheng Li, Lu Yang, Yafeng Hu, Ke Gao. (2019). Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. International Journal of Business and Economics Research, 8(4), 232-244. https://doi.org/10.11648/j.ijber.20190804.18

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ACS Style

Yiming Ma; Juncheng Li; Lu Yang; Yafeng Hu; Ke Gao. Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. Int. J. Bus. Econ. Res. 2019, 8(4), 232-244. doi: 10.11648/j.ijber.20190804.18

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AMA Style

Yiming Ma, Juncheng Li, Lu Yang, Yafeng Hu, Ke Gao. Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. Int J Bus Econ Res. 2019;8(4):232-244. doi: 10.11648/j.ijber.20190804.18

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@article{10.11648/j.ijber.20190804.18,
  author = {Yiming Ma and Juncheng Li and Lu Yang and Yafeng Hu and Ke Gao},
  title = {Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {4},
  pages = {232-244},
  doi = {10.11648/j.ijber.20190804.18},
  url = {https://doi.org/10.11648/j.ijber.20190804.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190804.18},
  abstract = {This study investigates the influence of a CEO’s level of education on the Corporate Social Responsibility (CSR) of listed firms in China. We find a significant and positive impact of the CEO’s level of education on the CSR of a firm, one level promotion of CEOs' education will increase 0.1630 CSR scores of a firm and increase the probability of CSR disclosure by 10.75%. This finding is robust for the univariable analysis and for sub-items and the forward performance of CSR. Further, we find that the positive relationship between the CEO’s level of education and CSR is more pronounced for CEOs who also chair the board, state-owned firms and CEOs who have overseas experience. More concretely, when the CEO is also the chairman, the CEO’s level of education has a greater positive effect on CSR than those are not chairman. In state-owned enterprises, the CEO’s level of education plays a greater role in the positive promotion of the CSR than non-stated-owned enterprises. When the CEO has studied or worked abroad, the CEO’s level of education has a greater positive effect on the CSR than those who do not have overseas experience. Our findings shed light on the role of the CEO’s level of education in CSR, and our research on Chinese listed companies enriches the relevant research on CSR in developing countries.},
 year = {2019}
}

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TY  - JOUR
T1  - Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms
AU  - Yiming Ma
AU  - Juncheng Li
AU  - Lu Yang
AU  - Yafeng Hu
AU  - Ke Gao
Y1  - 2019/07/29
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190804.18
DO  - 10.11648/j.ijber.20190804.18
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 232
EP  - 244
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190804.18
AB  - This study investigates the influence of a CEO’s level of education on the Corporate Social Responsibility (CSR) of listed firms in China. We find a significant and positive impact of the CEO’s level of education on the CSR of a firm, one level promotion of CEOs' education will increase 0.1630 CSR scores of a firm and increase the probability of CSR disclosure by 10.75%. This finding is robust for the univariable analysis and for sub-items and the forward performance of CSR. Further, we find that the positive relationship between the CEO’s level of education and CSR is more pronounced for CEOs who also chair the board, state-owned firms and CEOs who have overseas experience. More concretely, when the CEO is also the chairman, the CEO’s level of education has a greater positive effect on CSR than those are not chairman. In state-owned enterprises, the CEO’s level of education plays a greater role in the positive promotion of the CSR than non-stated-owned enterprises. When the CEO has studied or worked abroad, the CEO’s level of education has a greater positive effect on the CSR than those who do not have overseas experience. Our findings shed light on the role of the CEO’s level of education in CSR, and our research on Chinese listed companies enriches the relevant research on CSR in developing countries.
VL  - 8
IS  - 4
ER  -

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Author Information

Yiming Ma

Chinese Academy of Finance and Development, Central University of Finance and Economics, Beijing, P. R. China
Juncheng Li

School of Finance, Central University of Finance and Economics, Beijing, P. R. China
Lu Yang

School of Economics, Qingdao University, Qingdao, P. R. China
Yafeng Hu

China Academy of Public Finance and Public Policy, Central University of Finance and Economics, Beijing, P. R. China
Ke Gao

Development Research Center of Shandong Provincial People’s Government, Jinan, P. R. China

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APA Style

Yiming Ma, Juncheng Li, Lu Yang, Yafeng Hu, Ke Gao. (2019). Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. International Journal of Business and Economics Research, 8(4), 232-244. https://doi.org/10.11648/j.ijber.20190804.18

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ACS Style

Yiming Ma; Juncheng Li; Lu Yang; Yafeng Hu; Ke Gao. Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. Int. J. Bus. Econ. Res. 2019, 8(4), 232-244. doi: 10.11648/j.ijber.20190804.18

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AMA Style

Yiming Ma, Juncheng Li, Lu Yang, Yafeng Hu, Ke Gao. Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms. Int J Bus Econ Res. 2019;8(4):232-244. doi: 10.11648/j.ijber.20190804.18

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@article{10.11648/j.ijber.20190804.18,
  author = {Yiming Ma and Juncheng Li and Lu Yang and Yafeng Hu and Ke Gao},
  title = {Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {4},
  pages = {232-244},
  doi = {10.11648/j.ijber.20190804.18},
  url = {https://doi.org/10.11648/j.ijber.20190804.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190804.18},
  abstract = {This study investigates the influence of a CEO’s level of education on the Corporate Social Responsibility (CSR) of listed firms in China. We find a significant and positive impact of the CEO’s level of education on the CSR of a firm, one level promotion of CEOs' education will increase 0.1630 CSR scores of a firm and increase the probability of CSR disclosure by 10.75%. This finding is robust for the univariable analysis and for sub-items and the forward performance of CSR. Further, we find that the positive relationship between the CEO’s level of education and CSR is more pronounced for CEOs who also chair the board, state-owned firms and CEOs who have overseas experience. More concretely, when the CEO is also the chairman, the CEO’s level of education has a greater positive effect on CSR than those are not chairman. In state-owned enterprises, the CEO’s level of education plays a greater role in the positive promotion of the CSR than non-stated-owned enterprises. When the CEO has studied or worked abroad, the CEO’s level of education has a greater positive effect on the CSR than those who do not have overseas experience. Our findings shed light on the role of the CEO’s level of education in CSR, and our research on Chinese listed companies enriches the relevant research on CSR in developing countries.},
 year = {2019}
}

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TY  - JOUR
T1  - Relationship Between a CEO’s Level of Education and Corporate Social Responsibility: Evidence from Chinese Listed Firms
AU  - Yiming Ma
AU  - Juncheng Li
AU  - Lu Yang
AU  - Yafeng Hu
AU  - Ke Gao
Y1  - 2019/07/29
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190804.18
DO  - 10.11648/j.ijber.20190804.18
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 232
EP  - 244
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190804.18
AB  - This study investigates the influence of a CEO’s level of education on the Corporate Social Responsibility (CSR) of listed firms in China. We find a significant and positive impact of the CEO’s level of education on the CSR of a firm, one level promotion of CEOs' education will increase 0.1630 CSR scores of a firm and increase the probability of CSR disclosure by 10.75%. This finding is robust for the univariable analysis and for sub-items and the forward performance of CSR. Further, we find that the positive relationship between the CEO’s level of education and CSR is more pronounced for CEOs who also chair the board, state-owned firms and CEOs who have overseas experience. More concretely, when the CEO is also the chairman, the CEO’s level of education has a greater positive effect on CSR than those are not chairman. In state-owned enterprises, the CEO’s level of education plays a greater role in the positive promotion of the CSR than non-stated-owned enterprises. When the CEO has studied or worked abroad, the CEO’s level of education has a greater positive effect on the CSR than those who do not have overseas experience. Our findings shed light on the role of the CEO’s level of education in CSR, and our research on Chinese listed companies enriches the relevant research on CSR in developing countries.
VL  - 8
IS  - 4
ER  -

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