Striving for sustainable development at the top: Exploring the interplay of director and CEO values on environmental sustainability focus

被引：9
作者：
Prompeler, Julia [1 ]
Veltrop, Dennis [1 ]
Stoker, Janka [1 ]
Rink, Floor [1 ]
机构：
[1] Univ Groningen, Fac Econ & Business, Nettelbosje 2, NL-9747 AE Groningen, Netherlands
来源：
BUSINESS STRATEGY AND THE ENVIRONMENT | 2023年 / 32卷 / 07期
关键词：
CEO values; corporate governance (CG); director values; environmental policy; sustainable development; SINGLE-ITEM MEASURES; CORPORATE GOVERNANCE; VALUE ORIENTATIONS; BEHAVIORAL-THEORY; UPPER ECHELONS; METHOD BIAS; BLACK-BOX; BELIEFS; BOARDS; PERFORMANCE;
D O I：
10.1002/bse.3408
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Drawing from research on strategic management and environmental psychology, this study investigates the role of independent directors' and CEOs' values in promoting sustainable development. We propose that their values may interactively shape directors' focus on environmental sustainability. We test our propositions with survey data from 176 directors and matching CEOs. Our results confirm that there is a significant positive relationship between directors' biospheric values and their environmental sustainability focus, which is further amplified by CEO egoistic values. In contrast to our expectations-and regardless of CEO values-directors' egoistic values appear to be unrelated to their environmental sustainability focus. As such, this research points to the importance of director and CEO values acting as substitutes rather than complements in shaping directors' environmental sustainability focus. Taken together, this study highlights the importance of considering both director and CEO values in promoting environmental policy at the top of the organization.
引用
收藏
页码：5068 / 5082
页数：15
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