We examine the impact of prosocial CEOs on corporate labor violations. Contrary to the theoretical proposition that individuals’ prosocial behavior can sometimes backfire, we find that firms managed by prosocial CEOs have lower corporate labor violations. This effect is stronger for...

This paper examines the interaction effects of restructuring activities for a sample of Australian firms experiencing significant declines in operating performance. Our sample firms respond to performance shocks with both financial and corporate restructuring and they achieve significant...