RT info:eu-repo/semantics/article
T1 Political directors and corporate social responsibility: Are political ideology and regional identity relevant?
A1 Andrés, Pablo de
A1 García Rodríguez, Íñigo
A1 Romero Merino, María Elena
A1 Santamaría Mariscal, Marcos
K1 Political directors
K1 Ideology
K1 Liberal
K1 Regional identity
K1 Board of directors
K1 Corporate social responsibility (CSR)
K1 Economía
K1 Economics
K1 Política económica
K1 Economic policy
AB This study analyzes the infuence of directors with political connections on corpo‑rate social responsibility (CSR). Using a sample of Spanish savings banks (cajas)during the period 2004–2013, we analyze the infuence of political directors on theCSR of these entities, focusing on their ideology and regional identity. Our resultsindicate that the higher the proportion of directors with political ties on the board,the greater the allocation of resources to CSR activities. In addition to this positiveefect of board politicization, we fnd that political directors’ liberal ideology posi‑tively afects CSR, both directly and in moderating the relationship between politicaldirectors and CSR. Our results also validate that political directors’ regional iden‑tity boosts the positive efect they have on CSR. Finally, we encounter various dif‑ferences depending on the nature of the projects funded through CSR. Therefore,our study demonstrates the importance of delving into the characteristics of politicaldirectors to elucidate their efects on corporate policies.
PB Springer Nature
SN 1863-6683
YR 2022
FD 2022-02
LK http://hdl.handle.net/10259/7382
UL http://hdl.handle.net/10259/7382
LA eng
NO Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature. This study was supported by the Spanish Ministry of Economy and Competitiveness (Grant ECO201785356), the UAM - Comunidad de Madrid (SI3-PJI-2021-00276) and it benefted from the Professorship Excellence Program in accordance with the multi-year agreement signed by the Government of Madrid and the Autonomous University of Madrid (Line #3).
DS Repositorio Institucional de la Universidad de Burgos
RD 20-may-2024