CEOs’ political orientation and corporate political activities as enablers of ESG performance

IF 4.1 3区管理学 Q2 BUSINESS

Management Decision Pub Date : 2024-08-16 DOI:10.1108/md-07-2023-1309

Everton Coelho, Mário Augusto, Pedro Torres

{"title":"CEOs’ political orientation and corporate political activities as enablers of ESG performance","authors":"Everton Coelho, Mário Augusto, Pedro Torres","doi":"10.1108/md-07-2023-1309","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>This study aims to clarify the influence of different CEO’s political orientation (liberal/conservative) and corporate political activity on ESG performance, considering contingencies related to CEO attributes and corporate governance mechanisms.</p>\n<h3>Design/methodology/approach</h3>\n<p>Using a sample of 131 companies from the Standard and Poor’s 500 index, this study employs fuzzy-set Qualitative Comparative Analysis (fs/QCA) to analyze combinations of conditions (i.e. configurations) that lead to greater ESG (i.e. environmental, social, and governance) performance.</p>\n<h3>Findings</h3>\n<p>Drawing on the upper echelon theory and the theory of social exchange, the findings show that different CEO’s political orientation (liberal/conservative) can contribute to ESG performance, depending on the combination of conditions. Furthermore, the results emphasize the importance of corporate political activity as a core condition to enhance ESG performance.</p>\n<h3>Originality/value</h3>\n<p>Taking a configurational approach, this study explores combinations of conditions that explain ESG performance, including CEO’s political orientation and corporate political activities as antecedent conditions. Unlike past research, this study examines possible complementarities between these two conditions and assumes that different CEO’s political orientation can have a positive influence on ESG performance, depending on the combination of conditions.</p>","PeriodicalId":18046,"journal":{"name":"Management Decision","volume":"28 1","pages":""},"PeriodicalIF":4.1000,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Management Decision","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/md-07-2023-1309","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose

This study aims to clarify the influence of different CEO’s political orientation (liberal/conservative) and corporate political activity on ESG performance, considering contingencies related to CEO attributes and corporate governance mechanisms.

Design/methodology/approach

Using a sample of 131 companies from the Standard and Poor’s 500 index, this study employs fuzzy-set Qualitative Comparative Analysis (fs/QCA) to analyze combinations of conditions (i.e. configurations) that lead to greater ESG (i.e. environmental, social, and governance) performance.

Findings

Drawing on the upper echelon theory and the theory of social exchange, the findings show that different CEO’s political orientation (liberal/conservative) can contribute to ESG performance, depending on the combination of conditions. Furthermore, the results emphasize the importance of corporate political activity as a core condition to enhance ESG performance.

Originality/value

Taking a configurational approach, this study explores combinations of conditions that explain ESG performance, including CEO’s political orientation and corporate political activities as antecedent conditions. Unlike past research, this study examines possible complementarities between these two conditions and assumes that different CEO’s political orientation can have a positive influence on ESG performance, depending on the combination of conditions.

查看原文本刊更多论文

首席执行官的政治取向和企业政治活动是环境、社会和公司治理绩效的促进因素

目的本研究旨在阐明不同首席执行官的政治取向（自由派/保守派）和企业政治活动对环境、社会和治理绩效的影响，同时考虑与首席执行官属性和企业治理机制相关的偶然因素。设计/方法/途径本研究以标准普尔 500 指数中的 131 家公司为样本，采用模糊集定性比较分析法（fs/QCA）分析导致更高环境、社会和治理绩效的条件组合（即配置）。研究结果以上层理论和社会交换理论为基础，研究结果表明，不同首席执行官的政治取向（自由派/保守派）会对 ESG（即环境、社会和治理）绩效做出贡献，具体取决于条件组合。此外，研究结果还强调了企业政治活动作为提高环境、社会和公司治理绩效的核心条件的重要性。原创性/价值本研究采用配置方法，探讨了解释环境、社会和公司治理绩效的条件组合，包括作为前因条件的首席执行官政治取向和企业政治活动。与以往的研究不同，本研究探讨了这两个条件之间可能存在的互补性，并假设不同的首席执行官政治取向会对环境、社会和公司治理绩效产生积极影响，这取决于条件的组合。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Management Decision Multiple-

CiteScore

8.20

自引率

8.70%

发文量

126

期刊介绍： ■In-depth studies of major issues ■Operations management ■Financial management ■Motivation ■Entrepreneurship ■Problem solving and proactivity ■Serious management argument ■Strategy and policy issues ■Tactics for turning around company crises Management Decision, considered by many to be the best publication in its field, consistently offers thoughtful and provocative insights into current management practice. As such, its high calibre contributions from leading management philosophers and practitioners make it an invaluable resource in the aggressive and demanding trading climate of the Twenty-First Century.