Environmental, social, and governance reporting in family firms: The critical role of CEO attributes

IF 2.9 Q2 PUBLIC, ENVIRONMENTAL & OCCUPATIONAL HEALTH

ACS Chemical Health & Safety Pub Date : 2024-09-27 DOI:10.1002/bse.3984

Richard Yeaw Chong Seow

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引用次数: 0

Abstract

Amid the global surge in emphasis on environmental, social, and governance (ESG) reporting, the response of family firms to these demands has been underexplored. Chief Executive Officers (CEOs) play an essential role in materializing and adhering to ESG‐related expectations from stakeholders. Anchored in upper echelons and socio‐emotional wealth theoretical frameworks, this study embarks on a novel investigation into the complex attributes of CEOs, aiming to deepen the understanding of their role in advocating for ESG principles. Employing a random effects model with robust standard errors, this research scrutinizes data from Malaysian family firms between 2018 and 2022. Findings reveal that CEO tenure, experience, and board interlocking positively correlate with ESG reporting, enhancing these family firms' sustainability profiles. In contrast, CEO ownership displays a negative correlation with ESG reporting, suggesting a potential conflict between personal ownership interests and broader ESG commitments. This study significantly contributes to the evolving discourse on ESG practices within family firms, highlighting the pivotal influence of distinct CEO attributes on the ESG reporting landscape.

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家族企业的环境、社会和治理报告：首席执行官特质的关键作用

随着全球对环境、社会和治理（ESG）报告的重视程度不断提高，家族企业对这些要求的回应却未得到充分探讨。首席执行官（CEO）在实现和遵守利益相关者对环境、社会和治理的相关期望方面发挥着至关重要的作用。本研究以高层和社会情感财富理论框架为基础，对首席执行官的复杂属性进行了新颖的调查，旨在加深对首席执行官在倡导环境、社会和公司治理原则中所扮演角色的理解。本研究采用具有稳健标准误差的随机效应模型，仔细研究了 2018 年至 2022 年期间马来西亚家族企业的数据。研究结果表明，首席执行官的任期、经验和董事会互锁与环境、社会和公司治理报告呈正相关，从而增强了这些家族企业的可持续发展能力。相比之下，首席执行官所有权与环境、社会和公司治理报告呈负相关，表明个人所有权利益与更广泛的环境、社会和公司治理承诺之间存在潜在冲突。这项研究为不断发展的有关家族企业环境、社会和治理实践的讨论做出了重要贡献，强调了首席执行官的独特属性对环境、社会和治理报告情况的关键影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ACS Chemical Health & Safety PUBLIC, ENVIRONMENTAL & OCCUPATIONAL HEALTH-

CiteScore

3.10

自引率

20.00%

发文量

期刊介绍： The Journal of Chemical Health and Safety focuses on news, information, and ideas relating to issues and advances in chemical health and safety. The Journal of Chemical Health and Safety covers up-to-the minute, in-depth views of safety issues ranging from OSHA and EPA regulations to the safe handling of hazardous waste, from the latest innovations in effective chemical hygiene practices to the courts'' most recent rulings on safety-related lawsuits. The Journal of Chemical Health and Safety presents real-world information that health, safety and environmental professionals and others responsible for the safety of their workplaces can put to use right away, identifying potential and developing safety concerns before they do real harm.