How do CEO's green characteristics affect ESG performance?

被引：4
作者：
Li, Gang [1 ]
Zhong, Min [2 ]
机构：
[1] Peking Univ, Sch Econ, Beijing, Peoples R China
[2] Chongqing Normal Univ, Sch Econ & Management, Chongqing 401331, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
ESG performance; CEO characteristics; green experience; upper echelon theory;
D O I：
10.1080/13504851.2024.2363269
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
How do the characteristics of senior executives affect firm's ESG performance? Utilizing the data of the A-share listed firms in China spanning 2009 to 2021, this study examines the effect of CEO's green characteristics on ESG performance based on the Upper Echelon Theory. The results show a positive relationship between firm's ESG score and CEO's green educational or work experience. Mechanism analysis shows that CEO's green educational background enhances corporate environmental awareness; CEO's green work experience helps the firm to avoid environmental administrative punishment and improve corporate innovation, which will benefit corporate sustainability. This paper helps to understand the relationship among the CEO's green characteristics, the motivation for sustainability, and the ability to improve the firm's ESG.
引用
收藏
页数：6
相关论文
共 17 条
[1]   THE MODERATOR MEDIATOR VARIABLE DISTINCTION IN SOCIAL PSYCHOLOGICAL-RESEARCH - CONCEPTUAL, STRATEGIC, AND STATISTICAL CONSIDERATIONS [J].
BARON, RM ;
KENNY, DA .
JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1986, 51 (06) :1173-1182
[2]   Yes, But What's the Mechanism? (Don't Expect an Easy Answer) [J].
Bullock, John G. ;
Green, Donald P. ;
Ha, Shang E. .
JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 2010, 98 (04) :550-558
[3]   The Persistent Effects of Peru's Mining Mita [J].
Dell, Melissa .
ECONOMETRICA, 2010, 78 (06) :1863-1903
[4]   CEO exposure to abnormally hot temperature and corporate carbon emissions [J].
Garel, Alexandre ;
Petit-Romec, Arthur .
ECONOMICS LETTERS, 2022, 210
[5]   Firms and social responsibility: A review of ESG and CSR research in corporate finance [J].
Gillan, Stuart L. ;
Koch, Andrew ;
Starks, Laura T. .
JOURNAL OF CORPORATE FINANCE, 2021, 66
[6]   UPPER ECHELONS - THE ORGANIZATION AS A REFLECTION OF ITS TOP MANAGERS [J].
HAMBRICK, DC ;
MASON, PA .
ACADEMY OF MANAGEMENT REVIEW, 1984, 9 (02) :193-206
[7]   Does CEOs' green experience affect environmental corporate social responsibility? Evidence from China [J].
Huang, Ruilei ;
Wei, Jiuchang .
ECONOMIC ANALYSIS AND POLICY, 2023, 79 :205-231
[8]   Corporate executives' incentives and ESG performance [J].
Jang, Ga-Young ;
Kang, Hyoung-Goo ;
Kim, Woojin .
FINANCE RESEARCH LETTERS, 2022, 49
[9]  
Kanno M., 2023, Finance Research Letters, V55, DOI [10.1016/j.frl.2023.103894, DOI 10.1016/J.FRL.2023.103894]
[10]   The Impact of CEO Characteristics on Corporate Social Performance [J].
Manner, Mikko H. .
JOURNAL OF BUSINESS ETHICS, 2010, 93 :53-72
12