How CEO social capital drives corporate social performance: The roles of stakeholders, and CEO tenure

Abstract

This paper investigates the role of a chief executive officer's (CEO's) social capital on corporate social performance (CSP) through the mediating mechanism of stakeholder integration. Data were collected from 256 small and medium-sized enterprises (SMEs). Results from the hierarchical regression analysis suggest that stakeholder integration mediates the relationship between CEO social capital and CSP. The results further reveal that the effect of CEO social capital on stakeholder integration is moderated by CEO tenure, such that the relationship is more significant for long-tenured CEOs than short-tenured CEOs. These findings extend the social capital and corporate social responsibility research and practice.