Does CEO duality moderate environmental, social, and governance performance-earnings management relationship? Evidence from emerging markets

被引：2

作者：

Mohapatra, Swati ^{[1
]}

Kumar, Ashish ^{[2
]}

Mohapatra, Malaya Ranjan ^{[2
]}

Srivastava, Vikas ^{[3
]}

机构：

[1] Indian Sch Mines, Indian Inst Technol, Dhanbad, India

[2] Indian Inst Management Jammu, Nagrota, Jammu & Kashmir, India

[3] Indian Inst Management Lucknow, Lucknow, UP, India

来源：

FINANCE RESEARCH LETTERS | 2025年 / 73卷

关键词：

ESG disclosure; Earnings management; Greenwashing; CEO duality; Emerging markets; FIRM PERFORMANCE; CORPORATE GOVERNANCE; RESPONSIBILITY; REAL; FAMILY;

D O I：

10.1016/j.frl.2024.106616

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Study explores CEO duality's impact on ESG-EM relationship in six emerging markets. Findings reveal that ESG disclosures constraints accrual earnings management; however, high ESG scores lead to higher real earnings management, indicating possible greenwashing behavior. For three pillars of ESG, we find that firms with environmental disclosures constrain EM, while social disclosures tend to enhance EM practices. Study reveals that ESG and its sub-pillars have a curvilinear relationship with EM. CEO duality moderates ESG-EM to provide a cushion for potential greenwashing. ESG impact is not limited to EM; consequently, it affects the firms' market performance by mediating real earnings management.

引用

页数：17

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