The moderating effect of power distance on the relationship between CEO career horizon and ESG performance

Sustainable Technology and Entrepreneurship Pub Date : 2025-03-22 DOI:10.1016/j.stae.2025.100107

Lúcia Ferreira, Pedro Torres, Mário Augusto

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Abstract

This study aims to understand the moderating role of power distance culture on the relationship between CEOs’ career time horizon and ESG performance. In doing so, this study contributes to the debate on the effects of CEOs’ career horizon. The relationship between CEO duality and ESG performance was also analysed. The study resorts to a sample of 854 companies from 12 countries and uses hierarchical linear modelling. The Upper Echelons Theory and the Stakeholder Theory theoretically support the hypotheses. The results show that power distance culture positively moderates the relationships between CEO career horizon and ESG performance, making the effect of CEO tenure on this outcome less negative and the effect of CEO age more positive. The different impact of the two components of the CEO career horizon suggest that its measurement should be revised. The findings have practical implications because they provide new insights that can inform CEO recruitment processes and guide the definition of corporate governance mechanisms.

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权力距离对首席执行官职业前景与环境、社会和公司治理绩效之间关系的调节作用

本研究旨在了解权力距离文化对ceo职业时间跨度与ESG绩效关系的调节作用。在这样做的过程中，这项研究有助于讨论ceo的职业视野的影响。本文还分析了CEO二元性与ESG绩效的关系。该研究采用了来自12个国家的854家公司的样本，并使用了分层线性模型。上层梯队理论和利益相关者理论从理论上支持了这些假设。结果表明，权力距离文化正向调节CEO职业生涯视界与ESG绩效的关系，使得CEO任期对这一结果的负向影响减弱，CEO年龄对这一结果的正向影响增强。CEO职业视界的两个组成部分的不同影响表明，其测量方法应该进行修订。这些发现具有实际意义，因为它们提供了新的见解，可以为CEO招聘流程提供信息，并指导公司治理机制的定义。

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

Sustainable Technology and Entrepreneurship

CiteScore

12.30

自引率

0.00%

发文量