CEO Power and Carbon Emissions Management: Australian Evidence

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2024-12-16 DOI:10.1002/bse.4062

Hoa Luong, Jayanthi Kumarasiri, Abeyratna Gunasekarage

引用次数: 0

Abstract

We investigate how CEO power contributes to the emissions management of Australian companies. Constructing a CEO power index and employing firm‐level carbon emissions data, we document a significant negative relationship between CEO power and carbon emissions, suggesting that firms with powerful CEOs better manage their carbon emissions. Extending our analyses into different dimensions of power, we find that the CEO power–emissions management relationship mainly comes from structural power and expert power sources. Further analyses show that emissions management plays a significant mediating role in the association between CEO power and firm performance. A survey administered among sustainability managers of large Australian companies reveals corroborative evidence that the leadership of powerful CEOs is an essential element in managing carbon emissions and mitigating the risk associated with climate change. The findings of this study provide insights to policymakers, regulators and corporate top‐management teams regarding an issue that is under severe public scrutiny and social pressure.

查看原文本刊更多论文

CEO 权力与碳排放管理：澳大利亚的证据

我们研究了首席执行官权力如何促进澳大利亚公司的排放管理。通过构建首席执行官权力指数并利用公司层面的碳排放数据，我们发现首席执行官权力与碳排放之间存在显著的负相关关系，这表明拥有强大首席执行官的公司能够更好地管理其碳排放。通过对不同权力维度的分析，我们发现 CEO 权力与排放管理之间的关系主要来自结构性权力和专家权力。进一步的分析表明，排放管理在 CEO 权力与公司业绩之间的关系中起着重要的中介作用。对澳大利亚大型公司可持续发展经理进行的一项调查显示，有确凿证据表明，有权力的首席执行官的领导力是管理碳排放和降低气候变化相关风险的重要因素。这项研究的结果为政策制定者、监管者和企业高层管理团队提供了有关这一受到公众密切关注和社会压力的问题的见解。

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

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.