Abstract
ABSTRACT We analyse the ways CEO marital status and corporate social irresponsibility (CSI) might interact. Firms with married CEOs have lower incidence of negative CSI news coverage. Such firms also tend to have better employee relations and stronger diversity initiatives – employee relations and diversity initiatives are associated with reduced incidence of negative CSI coverage, but only for firms with married CEOs. Results suggest married CEOs foster a work environment that is more conducive to corporate social responsibility. We conclude that marriage is an observable proxy for pro-social behavioural tendencies that manifest in the form of less CSI. Our findings extend the literature on CEO personal characteristics and corporate outcomes.
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