Moderating Role of Strategic Ownership on Board Composition and ESG (Environmental, Social, and Governance) Performance in Global Airlines: Insights From Full-Service and Low-Cost Carriers

被引:0
作者
Abdi, Yaghoub [1 ]
Mohammadi, Mohammadreza [2 ]
机构
[1] EADA Business Sch, Dept Finance & Management Control, Barcelona, Spain
[2] Teesside Univ, Sch Comp Engn & Digital Technol, Middlesbrough, England
来源
STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE | 2025年 / 34卷 / 02期
关键词
board characteristics; ESG; full-service and low-cost airlines; strategic investors; FINANCIAL PERFORMANCE; OF-DIRECTORS; RESPONSIBILITY; SUSTAINABILITY; FIRM; INDUSTRY; IMPACT; CSR; DISCLOSURE; MANAGEMENT;
D O I
10.1002/jsc.2615
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper studies the effect of board composition in airline firms on their commitment to the environmental, social, and governance (ESG) approach. Accordingly, the moderating influence of strategic ownership of 34 international airlines is studied. The results of this research highlight several correlations between different influential factors. First, it is shown that including female directors can encourage ESG performance. Second, it is found that the environmental performance of the airlines can be improved with the presence of a dedicated corporate social responsibility (CRS) committee. Furthermore, board independence is identified as a positive driver of governance initiatives. Additionally, this study demonstrates that strategic investors can encourage the positive influence of female directors on ESG activities. Finally, the study sheds light on the difference between full-service and low-cost airlines, elucidating the impact of how strategic ownership on the correlation between board diligence and management activities. These findings provide crucial insights for the decision-makers in the airline industry and contribute to environmental sustainability endeavors within the industry.
引用
收藏
页码:277 / 303
页数:27
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