Does CEO duality moderate environmental, social, and governance performance-earnings management relationship? Evidence from emerging markets

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-12-09 DOI:10.1016/j.frl.2024.106616

Swati Mohapatra, Ashish Kumar, Malaya Ranjan Mohapatra, Vikas Srivastava

引用次数: 0

Abstract

Study explores CEO duality's impact on ESG-EM relationship in six emerging markets. Findings reveal that ESG disclosures constraints accrual earnings management; however, high ESG scores lead to higher real earnings management, indicating possible greenwashing behavior. For three pillars of ESG, we find that firms with environmental disclosures constrain EM, while social disclosures tend to enhance EM practices. Study reveals that ESG and its sub-pillars have a curvilinear relationship with EM. CEO duality moderates ESG-EM to provide a cushion for potential greenwashing. ESG impact is not limited to EM; consequently, it affects the firms’ market performance by mediating real earnings management.

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CEO 双重身份是否会缓和环境、社会和治理绩效与收益管理之间的关系？新兴市场的证据

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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