The impact of ownership structure on environmental performance in the G20 energy sector

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2024-08-21 DOI:10.1002/csr.2941

Shaimaa Mursi Alghawwas, Noora Imad Aljabr

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引用次数: 0

Abstract

The relationship between ownership structure and environmental performance has long been a subject of debate in the literature. This study investigates the effects of various ownership characteristics on environmental performance within the energy sector firms of G20 countries. We hypothesize that ownership concentration, as well as institutional, government, and foreign ownership, are significantly associated with firms' environmental performance. Using a dataset of energy sector companies from 2018 to 2022, collected from the Thomson Reuters Eikon database, we employ multiple linear regression analysis to test our hypotheses. The results reveal that foreign ownership is significantly and positively related to environmental performance. In contrast, institutional ownership has a significant negative effect on environmental performance. We also find that the developed G20 countries have a stronger influence on the overall sample results compared to the developing G20 countries. These findings contribute to the ongoing debate on the role of ownership structure in shaping corporate environmental practices, with important implications for policymakers, regulators, and energy companies operating within the G20 context.

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所有权结构与环境绩效之间的关系一直是文献中争论的主题。本研究调查了 G20 国家能源行业企业中各种所有权特征对环境绩效的影响。我们假设所有权集中度、机构所有权、政府所有权和外资所有权与企业的环境绩效显著相关。利用汤森路透 Eikon 数据库中收集的 2018 年至 2022 年能源行业公司数据集，我们采用多元线性回归分析来检验我们的假设。结果显示，外资所有权与环境绩效显著正相关。相比之下，机构所有权对环境绩效有显著的负面影响。我们还发现，与 20 国集团中的发展中国家相比，20 国集团中的发达国家对总体样本结果的影响更大。这些发现有助于当前关于所有权结构在塑造企业环境实践中的作用的讨论，对政策制定者、监管者和在二十国集团背景下运营的能源公司具有重要意义。

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

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.