ICMA Centre

CEO Inherited Altruism, Firm Corporate Social Responsibility, and Shareholder Returns

Abstract We examine the impact of CEOs’ inherited altruistic inclination on firm corporate social responsibility (CSR) performance and shareholder returns. Specifically, we look at U.S. CEOs’ altruism as an inherited value of the CEOs’ ancestral cultural origin that shapes their...

The locus of psychic distance

Purpose This paper argues that longstanding inconsistencies in psychic distance research arise from a fundamental locus problem: the construct has drifted away from its original definition as barriers to information flow between the firm and the market. The purpose is to re-estab...

Politicians on board! does foreign ownership matter for corporate political activity?

Purpose The nexus between firms and political actors is increasingly complex, particularly for foreign-owned firms operating in host countries. While corporate political connections can provide local knowledge and legitimacy, potentially transforming foreign-owned firms from “out...