How do prestigious CEOs change corporate ESG initiatives?

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-04-20 DOI:10.1016/j.irfa.2025.104273

Ying Chen , Zhitao Wang , Fan Ye

引用次数: 0

Abstract

This study uses a sample of publicly listed companies in China to examine the impact of award-winning chief executive officers (CEOs) on corporate ESG performance. The findings provide strong evidence that prestigious CEOs are linked to improved ESG outcomes. Additionally, we identify financial constraints and media coverage as key mediators underlying this relationship. Furthermore, the positive influence of award-winning CEOs is more pronounced in non-state-owned enterprises, high-tech companies, and firms located in regions with less developed banking sectors. In conclusion, this paper highlights the effects of award-winning CEOs and the drivers of corporate ESG behavior.

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知名ceo如何改变企业的ESG计划？

本研究以中国上市公司为样本，考察获奖ceo对企业ESG绩效的影响。研究结果提供了强有力的证据，证明有声望的ceo与ESG成果的改善有关。此外，我们认为财务约束和媒体报道是这种关系的关键中介。此外，在非国有企业、高科技公司和银行业欠发达地区的公司中，获奖ceo的积极影响更为明显。最后，本文强调了获奖ceo的影响和企业ESG行为的驱动因素。

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

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.