CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY: A TYPOLOGY OF OECD COUNTRIES

Download This Article

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Abstract

This article investigates the relationships between corporate governance and Corporate Social Responsibility (CSR). The underlying intuition is that governance factors are major determinants of CSR policies and extra-financial performance. More precisely, we identify three main factors that determine the strength of CSR engagement at the firm level: the structure of equity ownership (identity of shareholders), the composition and structure of board of directors, and the regulatory framework on corporate governance and CSR. We show how evolutions regarding corporate governance over the three previous decades have paved the way and shaped the rise of CSR. In addition, we elaborate a typology of CSR and governance structures that characterize OECD countries depending on whether the CSR reporting regime is stringent versus non-stringent, and on whether the corporate governance model is based on the shareholder, stakeholder or hybrid regime.

Keywords: Corporate Governance, Corporate Social Responsibility

How to cite this paper: Crifo, P., & Rebérioux, A. (2016). Corporate governance and corporate social responsibility: A typology of OECD countries. Journal of Governance and Regulation, 5(2), 14-27. https://doi.org/10.22495/jgr_v5_i2_p2