경희대학교 BK21

논문명

  Impact of Airline Top Management Teams on Corporate Social Responsibility

저자(참여인력명)

이석원(WON SEOK LEE), 김철원 (CHULWON KIM) 문준호(JOONHO MOON) 윤혜진(HYEJIN YOON)

게재지명

  Tourism Analysis

핵심어

  Corporate social responsibility (CSR); Stakeholder theory; Upper echelon theory; Airlines

초록

The purpose of this article is to examine the determinants of corporate social responsibility (CSR)
in the airline industry by applying the conceptual framework of upper echelon theory. Based on this
theory, certain attributes of managers—such as age, tenure, formal education level, share ownership,
and stock options—are hypothesized to have an impact on CSR decisions. Furthermore, rather than
considering only the chief executive officer’s characteristics, the entire top management team (TMT)
is taken into account to draw more robust conclusions. Data are collected from 13 publicly traded air�lines in the US stock market from 1998 to 2013 and analyzed by panel feasible generalized squares.
Based on the findings, the TMT’s average age and the value of stock options held by the TMT are key
in accounting for CSR decisions. The age of the TMT positively affects the airlines’ CSR, whereas
the value of stock options has a negative impact on CSR.