CEO age and corporate environmental policies

被引：3

作者：

Le, Huong ^{[1
]}

Nguyen, Tung ^{[2
]}

Gregoriou, Andros ^{[3
]}

机构：

[1] Vietnam Natl Univ, Int Sch, 144 Xuan Thuy, Hanoi, Vietnam

[2] Acad Policy & Dev, APD Business Sch, Hanoi, Vietnam

[3] Liverpool John Moores Univ, Liverpool Business Sch, Liverpool L3 5UG, England

来源：

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2024年 / 97卷

关键词：

Climate change; CEO age; Environmental policy; EXECUTIVE-COMPENSATION; UPPER ECHELONS; GOVERNANCE; RISK; AGREEMENTS; EDUCATION;

D O I：

10.1016/j.intfin.2024.102076

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the link between CEO age and firm environmental performance. Building on the upper echelons theory, we predict that a firm is more environmentally friendly if CEOs are younger. Using hand-collected data of a total 12,512 plant-year observations for 1,074 individual firms in the period from 2010 to 2022, we document evidence that younger CEOs release significantly less greenhouse gas emissions, consistent with our conjecture. Additionally, we note that younger CEOs outperform older CEOs in terms of greenhouse gas emissions by investing more in abatement initiatives, increasing manufacturing efficiency, and increasing their use of ecologically friendly fuel. Our evidence of CEO age offers relevant implications for directors, shareholders, and financial regulators.

引用

页数：22

共 62 条

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