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Echoes of CEO Entrepreneurial Orientation: How and When CEO Entrepreneurial Orientation Influences Dual CSR Activities

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Journal of Business Ethics Aims and scope Submit manuscript

As a businessman, I should help solve problems, including all kinds of social problems. We should fight against poverty, but not by alms.

Carlos Slim, Mexican business magnate, engineer, investor, and philanthropist.

Abstract

We explore the potential impact of CEO entrepreneurial orientation on firm choice of CSR activities (corporate philanthropy vs. CSR innovation). Integrating upper echelon theory and attention-based view of the firm, we find that CEO entrepreneurial orientation leads to more engagement in CSR innovation rather than corporate philanthropy. We find that the effect of CEO entrepreneurial orientation on firm choice of CSR activities varies under two situational contexts: state-owned enterprises and incoming/departing CEO. The hypotheses are tested using two different studies. Study 1 uses a cross-sectional survey of Chinese CEOs, whereas study 2 employs a longitudinal analysis of Chinese publicly listed firms from 2003 to 2017. Both studies support our theoretical hypotheses.

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Notes

  1. The CSR integration emphasizes the improvement of existing business activities to maintain a good relationship between the company and primary stakeholders. However, this purpose is inconsistent with CEO entrepreneurial orientation when considering risk-taking. Therefore, CSR integration will not be considered in this framework.

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Funding

This study was funded by grants from National Natural Science Foundation of China (Grant No. 71672139) and (Grant No. 71932007), and was sponsored by Humanities and Social Science Talent Plan of Shaanxi University.

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Authors and Affiliations

  1. School of Management, Xi’an Jiaotong University, Xi’an, 710049, Shaanxi, China

    Zhe Zhang & Xin Wang

  2. School of Management, Northwestern Polytechnical University, Shaanxi, 710072, China

    Ming Jia

Authors
  1. Zhe Zhang
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  2. Xin Wang
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  3. Ming Jia
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Correspondence to Xin Wang.

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Author Xin Wang declares that she has no conflict of interest. Author Zhe Zhang declares that she has no conflict of interest. Author Ming Jia declares that he has no conflict of interest.

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Appendix 1

Appendix 1

Differences between the two samples in study 1 and study 2.

 

Sample of study 1

Sample of study 2

Firm type

The enterprises are distributed in 18 industries

The enterprises are distributed in 85 industries

Firm size

Mean: 11.16

Mean: 25.03

Geography

Companies in Study 1 are based in 31 cities of 13 provinces and municipalities, respectively, including Shanghai, Beijing, Tianjin, Guangdong, Jiangsu, Henan, Shanxi, Zhejiang, Shaanxi, Fujian, Gansu, Qinghai, and Inner Mongolia

Companies in Study 2 are based in 324 cities of 31 provinces and municipalities, respectively

Firm age

Mean: 8.75 years

Mean: 15.36 years

TMTs number

Mean: 16.51

Mean: 10.02

Female directors

Mean: 0.26

Mean: 0.07

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Zhang, Z., Wang, X. & Jia, M. Echoes of CEO Entrepreneurial Orientation: How and When CEO Entrepreneurial Orientation Influences Dual CSR Activities. J Bus Ethics 169, 609–629 (2021). https://doi.org/10.1007/s10551-020-04553-x

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  • DOI: https://doi.org/10.1007/s10551-020-04553-x

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