Good for Managers, Bad for Society? Causal Evidence on the Association Between Risk-Taking Incentives and Corporate Social Responsibility
Courtesy of Michael Mayberry Shareholders are increasingly interested in corporate social responsibility (CSR). However, as with nearly all corporate actions, shareholders are not the decision makers. Managers are. Therefore, shareholders must rely on compensation to incentivize managers towards the level of CSR they desire. To date, researchers know very little about how compensation incentivizes executives… Read More »