Charitable CEOs and employee protection

Yao Du, Chia Ying Chan, Chih Yung Lin*, Chien Lin Lu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


In the recent surge of Environmental, Social and Governance (ESG) development, one focus is on human rights protection, while another is continuous strengthening of corporate governance mechanisms. Our study explores these by collecting data on the employee communication from firm corporate social responsibility (CSR) reports and collecting firm practices on employee protection, to examine their association with CEO charitable donations. We posit that a firm with a charitable CEO is likely to have more favorable employee protection policies. Our study of the firm's execution of labor friendly policies and communications shows that charitable CEOs are associated with lower wage inequality, more female workers, higher rate of parental leaves, fewer labor-law violations, better environmental sustainability and better corporate governance. Our results show that CEO behaviors related to empathy increase beneficial treatment of employee and firm's human rights practices.

Original languageEnglish
Article number102187
JournalPacific Basin Finance Journal
StatePublished - Dec 2023


  • CEO charitableness
  • CEO personality
  • Employee right
  • ESG performance
  • Labor protection policy


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