Top Management Teams and Corporate Citizenship: Re-examining the Place of Worldviews, Governance Conditions, and Incentives

Document Type

Article

Publication Date

3-1-2017

School

Management

Abstract

The current global economy is increasingly characterized by cultural, political, and religious conflict. International expansion often requires that firms deal with stakeholders from radically different cultures. The top managers of expanding firms must be able to leverage their worldviews to form corporate citizenship investment strategies that will alleviate the concerns held by a growing group of cross-cultural stakeholders. This paper sets forth a conceptual framework that examines how the worldviews of top managers, the governance conditions facing firms, and the incentives which attend various decisions will affect the firm's level of corporate citizenship investment. We build our conceptual framework with a multi-theoretic lens that leverages upper echelons theory, stakeholder theory, and agency theory to inform our understanding of the aforementioned mechanisms. We also discuss the practical implications for managers as well as future research directions that can be gained from a careful consideration of the conceptual framework proposed in this paper.

Publication Title

Journal of Corporate Citizenship

Volume

65

First Page

78

Last Page

97

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