This study examines whether firms’ corporate social performance (CSP) varies when local firms have foreign CEOs. Building on the social identity perspective, we argue that because foreign CEOs are perceived as outgroup (or nonprototypical) leaders by the local firms’ stakeholders, local firms with foreign CEOs need to achieve a higher level of CSP than do local firms with local CEOs to enhance their legitimacy and trustworthiness. Furthermore, we propose that the predicted difference in CSP between foreign and local CEO-led firms will be larger (a) for more authentic and thus trust-enhancing CSR activities and (b) in those socio-economic environments where the salience of CEO foreignness and thus the need to build trustworthiness with locals is more pronounced. In a sample of 1001 local firms across 18 developed countries during the period between 2003 and 2015, our empirical results support most of our predictions.

中文翻译：

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有外国 CEO 的公司是更好的公民吗？CEO外籍对企业社会绩效的影响研究

本研究考察了当本地公司有外国 CEO 时，公司的企业社会绩效 (CSP) 是否会发生变化。基于社会认同的观点，我们认为，由于外国 CEO 被当地公司的利益相关者视为外群体（或非典型）领导者，因此拥有外国 CEO 的当地公司需要实现比拥有当地 CEO 的当地公司更高水平的 CSP增强其合法性和可信度。此外，我们建议外国和本地 CEO 领导的公司之间在 CSP 方面的预测差异将更大（a）对于更真实的、从而增强信任的 CSR 活动，以及（b）在那些 CEO 外国性突出的社会经济环境中因此，与当地人建立信任关系的必要性更加明显。