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Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective

Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective
Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective

This study examines the impact of chief executive officer (CEO) attributes on sustainable performance, environmental performance, and environmental reporting, which are motivated by institutionally driven environmental policies, regulations, and management in the context of Chinese listed firms. With the use of a comprehensive dataset of 2,854 Chinese listed firms over the 2010–2017 period (i.e., making over 16,000 individual firm-year observations), our findings are fourfold. First, our overall findings reveal that CEOs with research background tend to engage more in activities that improve sustainable performance, environmental performance, and environmental reporting than do those without research background. Second, CEOs with financial expertise are positively linked with increased sustainable performance and environmental reporting. Third, CEOs with foreign exposure are more eager to engage in activities that enhance sustainable and environmental performance than do those without foreign exposure. Fourth, young CEOs tend to take actions that reduce both sustainable and environmental performance than do their older counterparts. We interpret our results within upper echelons theoretical perspective. The results are robust to alternative measures, potential endogeneities, and sample selection problems.

CEO attributes, China, Sustainable performance, environmental performance,, environmental reporting, upper echelons perspectives
0964-4733
1-16
Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Yugang, Chen
530e9f19-35b1-497b-8874-c38fc38ded8f
Li, Hai-Xia
e673d0de-544b-4bf9-b473-8679f9181b6c
Ye, Zhiwei
e8e56013-efea-4de3-90fd-e003ecb358f5
Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Yugang, Chen
530e9f19-35b1-497b-8874-c38fc38ded8f
Li, Hai-Xia
e673d0de-544b-4bf9-b473-8679f9181b6c
Ye, Zhiwei
e8e56013-efea-4de3-90fd-e003ecb358f5

Shahab, Yasir, Ntim, Collins, Yugang, Chen, Li, Hai-Xia and Ye, Zhiwei (2020) Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective. Business Strategy and the Environment, 29 (1), 1-16. (doi:10.1002/bse.2345).

Record type: Article

Abstract

This study examines the impact of chief executive officer (CEO) attributes on sustainable performance, environmental performance, and environmental reporting, which are motivated by institutionally driven environmental policies, regulations, and management in the context of Chinese listed firms. With the use of a comprehensive dataset of 2,854 Chinese listed firms over the 2010–2017 period (i.e., making over 16,000 individual firm-year observations), our findings are fourfold. First, our overall findings reveal that CEOs with research background tend to engage more in activities that improve sustainable performance, environmental performance, and environmental reporting than do those without research background. Second, CEOs with financial expertise are positively linked with increased sustainable performance and environmental reporting. Third, CEOs with foreign exposure are more eager to engage in activities that enhance sustainable and environmental performance than do those without foreign exposure. Fourth, young CEOs tend to take actions that reduce both sustainable and environmental performance than do their older counterparts. We interpret our results within upper echelons theoretical perspective. The results are robust to alternative measures, potential endogeneities, and sample selection problems.

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Accepted BSE 13 May 2019 - Accepted Manuscript
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Accepted/In Press date: 13 May 2019
e-pub ahead of print date: 20 June 2019
Published date: 1 January 2020
Additional Information: Funding Information: This research was supported by the ?Funds for High-Level Talents of Xijing University (2019),? Grant/Award XJ19B02. Publisher Copyright: © 2019 John Wiley & Sons, Ltd and ERP Environment
Keywords: CEO attributes, China, Sustainable performance, environmental performance,, environmental reporting, upper echelons perspectives

Identifiers

Local EPrints ID: 430961
URI: http://eprints.soton.ac.uk/id/eprint/430961
ISSN: 0964-4733
PURE UUID: a50e8566-7697-4d10-8203-d3c117229051
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056

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Date deposited: 20 May 2019 16:30
Last modified: 16 Mar 2024 07:52

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Contributors

Author: Yasir Shahab
Author: Collins Ntim ORCID iD
Author: Chen Yugang
Author: Hai-Xia Li
Author: Zhiwei Ye

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