CEO Pay Sensitivity (Delta and Vega) and Corporate Social Responsibility

CEO Pay Sensitivity (Delta and Vega) and Corporate Social Responsibility

We use CEO pay sensitivity to stock performance (delta) and stock volatility (vega) to provide empirical evidence that CEO compensation structure influences firm Corporate Social Responsibility (CSR) performance. We find that delta has no significant effect on CSR, while vega has a strong, causal re...

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Bibliographic Details
Main Authors: Atif Ikram, Zhichuan (Frank) Li, Travis MacDonald
Format: Article
Language:English
Published: MDPI AG 2020-09-01
Series:Sustainability
Subjects:
executive compensation
managerial incentives
corporate social responsibility
corporate social performance
firm risk
delta
Online Access:https://www.mdpi.com/2071-1050/12/19/7941

Internet

https://www.mdpi.com/2071-1050/12/19/7941

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