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Product recall as a way of responsible management of a firm: The roles of corporate social responsibility and board members' sense of ownership

Title
Product recall as a way of responsible management of a firm: The roles of corporate social responsibility and board members' sense of ownership
Authors
Oh H.Bae J.Kim S.-J.Choi R.
Ewha Authors
김상준
SCOPUS Author ID
김상준scopus
Issue Date
2019
Journal Title
Corporate Social Responsibility and Environmental Management
ISSN
1535-3958JCR Link
Citation
Corporate Social Responsibility and Environmental Management vol. 26, no. 4, pp. 902 - 915
Keywords
board characteristicsCSRproduct recallsense of ownership
Publisher
John Wiley and Sons Ltd
Indexed
SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
This paper employs a new perspective for viewing product recall as a way to responsibly manage a firm with a record of corporate social responsibility (CSR) engagement. Firms known for their past CSR performance are assumed to be responsible in recalling defective products when a product-harm crisis occurs. We examine whether the cumulated CSR efforts increase the likelihood of engaging in a voluntary product recall. To further reinforce the perspective, we examine whether the relationship still holds under performance pressure. In addition, this study examines the moderating effect of board characteristics that give a sense of ownership to board members (e.g., a family member of a founder, holding block shares, and voting power) in increasing socially responsible firms' engagement in the voluntary recall. The hypotheses were tested using a sample of 592 public firms in the United States from 2001 to 2014. © 2019 John Wiley & Sons, Ltd and ERP Environment
DOI
10.1002/csr.1730
Appears in Collections:
경영대학 > 경영학전공 > Journal papers
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