IDEAS home Printed from https://ideas.repec.org/a/vrs/manmar/v15y2020i1p17-37n2.html
   My bibliography  Save this article

CSR categories and R&D investment: the moderating role of Managerial emotional intelligence

Author

Listed:
  • Ezzi Ferdaws

    (University of Sfax, Tunisia)

  • Jarboui Anis

    (Universite de Nice Sophia Antipolis, Nice, France)

  • Zouari-Hadiji Rim

    (University of Sfax, Tunisia)

Abstract

The purpose of this paper was to determine the important role of Chief Executive Officer emotional intelligence to explain the interaction relationship between research and development investment and corporate social responsibility categories. This research relied on the completion of a questionnaire type inquiry structured around the table-based analysis. The questionnaire was sent out to a large sample of Tunisian firms’ Chief Executive Officer. The results of the 96 valid responses were entered for analysis by the partial least squares method. They show the significant effect of Chief Executive Officers’ emotional intelligence on the relation between corporate social responsibility categories (customer, employee, community, territory and environment) and research and development investment. In addition, the Chief Executive Officer emotional intelligence provided explanations into research and development investment for the corporate social responsibility problems in Tunisia. Firstly, this study emphasized the important role of research and development investment in the corporate social responsibility categories. Secondly, a new data analysis method “decision-tree” was applied to estimate the moderating effects of managerial emotional intelligence on the CSR – R&D relationship.

Suggested Citation

  • Ezzi Ferdaws & Jarboui Anis & Zouari-Hadiji Rim, 2020. "CSR categories and R&D investment: the moderating role of Managerial emotional intelligence," Management & Marketing, Sciendo, vol. 15(1), pages 17-37, March.
  • Handle: RePEc:vrs:manmar:v:15:y:2020:i:1:p:17-37:n:2
    DOI: 10.2478/mmcks-2020-0002
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/mmcks-2020-0002
    Download Restriction: no

    File URL: https://libkey.io/10.2478/mmcks-2020-0002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gérard Charreaux, 2005. "Pour une gouvernance d’entreprise «comportementale»:une réflexion exploratoire-Toward a Behavioral Corporate Governance Theory : An Exploratory View," Working Papers CREGO 1050601, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    2. Xavier Giroud & Holger M. Mueller, 2017. "Firm Leverage, Consumer Demand, and Employment Losses during the Great Recession," Working Papers 17-01, Center for Economic Studies, U.S. Census Bureau.
    3. Nobuya Fukugawa, 2006. "Determining Factors in Innovation of Small Firm Networks: A case of Cross Industry Groups in Japan," Small Business Economics, Springer, vol. 27(2), pages 181-193, October.
    4. Mark Freel, 2000. "External linkages and product innovation in small manufacturing firms," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 12(3), pages 245-266, July.
    5. Esty, Daniel C. & Porter, Michael E., 2005. "National environmental performance: an empirical analysis of policy results and determinants," Environment and Development Economics, Cambridge University Press, vol. 10(4), pages 391-434, August.
    6. Banerjee, Suman & Humphery-Jenner, Mark & Nanda, Vikram & Tham, Mandy, 2018. "Executive Overconfidence and Securities Class Actions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(6), pages 2685-2719, December.
    7. Crane, Andrew & McWilliams, Abagail & Matten, Dirk & Moon, Jeremy & Siegel, Donald S. (ed.), 2009. "The Oxford Handbook of Corporate Social Responsibility," OUP Catalogue, Oxford University Press, number 9780199573943, Decembrie.
    8. Subramanian, Annapoornima M. & Bo, Wang & Kah-Hin, Chai, 2018. "The role of knowledge base homogeneity in learning from strategic alliances," Research Policy, Elsevier, vol. 47(1), pages 158-168.
    9. Cassiman, Bruno & Veugelers, Reinhilde & Arts, Sam, 2018. "Mind the gap: Capturing value from basic research through combining mobile inventors and partnerships," Research Policy, Elsevier, vol. 47(9), pages 1811-1824.
    10. Alam, Md. Samsul & Atif, Muhammad & Chien-Chi, Chu & Soytaş, Uğur, 2019. "Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries," Energy Economics, Elsevier, vol. 78(C), pages 401-411.
    11. Tang, Chor Foon & Tan, Eu Chye, 2013. "Exploring the nexus of electricity consumption, economic growth, energy prices and technology innovation in Malaysia," Applied Energy, Elsevier, vol. 104(C), pages 297-305.
    12. Magali A. Delmas & Sanja Pekovic, 2018. "Corporate Sustainable Innovation and Employee Behavior," Journal of Business Ethics, Springer, vol. 150(4), pages 1071-1088, July.
    13. Nuttaneeya Torugsa & Wayne O’Donohue & Rob Hecker, 2012. "Capabilities, Proactive CSR and Financial Performance in SMEs: Empirical Evidence from an Australian Manufacturing Industry Sector," Journal of Business Ethics, Springer, vol. 109(4), pages 483-500, September.
    14. Xueming Luo & Heli Wang & Sascha Raithel & Qinqin Zheng, 2015. "Corporate social performance, analyst stock recommendations, and firm future returns," Strategic Management Journal, Wiley Blackwell, vol. 36(1), pages 123-136, January.
    15. Mohammad Badrul Muttakin & Arifur Khan & Dessalegn Getie Mihret, 2017. "Business group affiliation, earnings management and audit quality: evidence from Bangladesh," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 32(4/5), pages 427-444, April.
    16. Rafael Lopes de Melo, 2018. "Firm Wage Differentials and Labor Market Sorting: Reconciling Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 126(1), pages 313-346.
    17. Masao Nakamura & Yannis Caloghirou & George Hondroyiannis & Nicholas S. Vonortas, 2003. "The performance of research partnerships," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(2-3), pages 85-99.
    18. Xavier Giroud & Holger M. Mueller, 2017. "Firm Leverage, Consumer Demand, and Employment Losses During the Great Recession," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(1), pages 271-316.
    19. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    20. Oleg V. Petrenko & Federico Aime & Jason Ridge & Aaron Hill, 2016. "Corporate social responsibility or CEO narcissism? CSR motivations and organizational performance," Strategic Management Journal, Wiley Blackwell, vol. 37(2), pages 262-279, February.
    21. Dhahri, Sabrine & Omri, Anis, 2018. "Entrepreneurship contribution to the three pillars of sustainable development: What does the evidence really say?," World Development, Elsevier, vol. 106(C), pages 64-77.
    22. De Noni, Ivan & Orsi, Luigi & Belussi, Fiorenza, 2018. "The role of collaborative networks in supporting the innovation performances of lagging-behind European regions," Research Policy, Elsevier, vol. 47(1), pages 1-13.
    23. Sadok El Ghoul & Omrane Guedhami & Yongtae Kim, 2017. "Country-level institutions, firm value, and the role of corporate social responsibility initiatives," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(3), pages 360-385, April.
    24. Helen Bao & Haotong Li, 2017. "CEO Overconfidence in Real Estate Markets: A Curse or A Blessing?," ERES eres2017_157, European Real Estate Society (ERES).
    25. Esty, Daniel C. & Porter, Michael E., 2005. "National environmental performance: an empirical analysis of policy results and determinants," Environment and Development Economics, Cambridge University Press, vol. 10(4), pages 381-389, August.
    26. Shihping Kevin Huang, 2013. "The Impact of CEO Characteristics on Corporate Sustainable Development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 20(4), pages 234-244, July.
    27. Stefan Schaltegger & Roger Burritt, 2018. "Business Cases and Corporate Engagement with Sustainability: Differentiating Ethical Motivations," Journal of Business Ethics, Springer, vol. 147(2), pages 241-259, January.
    28. Yukiko Konno & Yuki Itoh, 2018. "Empirical analysis of R&D in the Japanese construction industry based on the structure conduct performance model," Cogent Business & Management, Taylor & Francis Journals, vol. 5(1), pages 1429347-142, January.
    29. Park, Sangwon & Nicolau, Juan L., 2019. "Image effect on customer-centric measures of performance," Annals of Tourism Research, Elsevier, vol. 76(C), pages 226-238.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bassem Salhi, 2021. "The Relationship between CEO Psychological Biases, Corporate Governance and Corporate Social Responsibility," JRFM, MDPI, vol. 14(7), pages 1-19, July.
    2. Jongmoo Jay Choi & Hoje Jo & Jimi Kim & Moo Sung Kim, 2018. "Business Groups and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 153(4), pages 931-954, December.
    3. Simone Pizzi, 2018. "The Relationship between Non-financial Reporting, Environmental Strategies and Financial Performance. Empirical Evidence from Milano Stock Exchange," Administrative Sciences, MDPI, vol. 8(4), pages 1-9, November.
    4. Hyeon Chang Kim & Woojin Yoon, 2019. "Study On Types Of Technology Cooperation Partner And Innovation Performance: Focusing On Incremental And Radical Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-25, January.
    5. Ding, Wenzhi & Levine, Ross & Lin, Chen & Xie, Wensi, 2021. "Corporate immunity to the COVID-19 pandemic," Journal of Financial Economics, Elsevier, vol. 141(2), pages 802-830.
    6. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M Taylor, 2022. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4561-4586.
    7. Andrea Caggese & Ander Perez-Orive & Angelo Gutierrez, 2019. "Firm Debt Deflation, Household Precautionary Savings, and the Amplification of Aggregate Shocks," 2019 Meeting Papers 1331, Society for Economic Dynamics.
    8. Bhaskar, Ratikant & Li, Peigong & Bansal, Shashank & Kumar, Satish, 2023. "A new insight on CEO characteristics and corporate social responsibility (CSR): A meta-analytical review," International Review of Financial Analysis, Elsevier, vol. 89(C).
    9. Gangi, Francesco & Meles, Antonio & Monferrà, Stefano & Mustilli, Mario, 2020. "Does corporate social responsibility help the survivorship of SMEs and large firms?," Global Finance Journal, Elsevier, vol. 43(C).
    10. Claude Francoeur & Andrea Melis & Silvia Gaia & Simone Aresu, 2017. "Green or Greed? An Alternative Look at CEO Compensation and Corporate Environmental Commitment," Journal of Business Ethics, Springer, vol. 140(3), pages 439-453, February.
    11. Zhengxin Zhang & Bing Xu & Piao Li, 2023. "What affects the quality of sustainability report texts? Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1440-1456, May.
    12. Nigel Driffield & Jun Du & Jan Godsell & Mark Hart & Katiuscia Lavoratori & Steven Roper & Irina Surdu & Wanrong Zhang, 2021. "Understanding productivity:Organisational Capital perspectives," Working Papers 013, The Productivity Institute.
    13. Jože Damijan & Jozef Konings & Črt Kostevc & Katja Zajc Kejžar, 2022. "Explaining the Low Level of Investment in Slovenia," European Economy - Discussion Papers 169, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    14. Jaehong Lee & Eunsoo Kim, 2021. "Would Overconfident CEOs Engage More in Environment, Social, and Governance Investments? With a Focus on Female Representation on Boards," Sustainability, MDPI, vol. 13(6), pages 1-16, March.
    15. Okamuro, Hiroyuki, 2007. "Determinants of successful R&D cooperation in Japanese small businesses: The impact of organizational and contractual characteristics," Research Policy, Elsevier, vol. 36(10), pages 1529-1544, December.
    16. Asif Saeed & Ammar Ali Gull & Asad Ali Rind & Muhammad Shujaat Mubarik & Muhammad Shahbaz, 2022. "Do socially responsible firms demand high‐quality audits? An international evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2235-2255, April.
    17. Al-Mamun, Abdullah & Seamer, Michael, 2021. "Board of director attributes and CSR engagement in emerging economy firms: Evidence from across Asia," Emerging Markets Review, Elsevier, vol. 46(C).
    18. Shahbaz, Muhammad & Karaman, Abdullah S. & Kilic, Merve & Uyar, Ali, 2020. "Board attributes, CSR engagement, and corporate performance: What is the nexus in the energy sector?," Energy Policy, Elsevier, vol. 143(C).
    19. José‐Luis Godos‐Díez & Laura Cabeza‐García & Roberto Fernández‐Gago & Mariano Nieto‐Antolín, 2020. "Does CEO media exposure affect corporate social responsibility?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 825-840, March.
    20. Roberto Fernández‐Gago & Laura Cabeza‐García & Mariano Nieto, 2018. "Independent directors' background and CSR disclosure," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 991-1001, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:manmar:v:15:y:2020:i:1:p:17-37:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.