Educational Background of Board Secretaries and Corporate Environmental, Social, and Governance Performance: Evidence From China

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

Journal of International Financial Management & Accounting Pub Date : 2025-04-07 DOI:10.1111/jifm.12243

Wanyi Chen, Xinyi Li, Lanfang Wang, Tao Yu

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引用次数: 0

Abstract

Environmental, social, and governance (ESG) have gradually become important indicators for investors to evaluate enterprises. Researchers have begun to pay attention to the role of board secretaries in enterprise development. This study uses data from A-share listed companies in Shanghai and Shenzhen from 2013 to 2022 to examine the relationship between board secretaries' educational background and corporate ESG performance. The results show that highly educated board secretaries play a significant role in promoting ESG performance by improving green innovation cooperation, reputation, and information disclosure. In addition, the academic background of board secretaries enhances their capacity to interpret and communicate information effectively, while holding additional positions enables them to access greater information and exert broader influence. These factors—academic experience or holding supplementary roles—further reinforce the positive association between board secretaries' educational qualifications and ESG performance. This study expands the research on the economic consequences of board secretaries' educational characteristics, which further enriches the application of the upper echelons theory and the literature on factors influencing ESG development. This provides important practical implications for the selection of enterprises' board secretaries and can inform policies related to board secretaries to improve ESG performance.

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董事会秘书的教育背景与公司环境、社会和治理绩效：来自中国的证据

ESG （Environmental, social, and governance）逐渐成为投资者评价企业的重要指标。研究人员开始关注董事会秘书在企业发展中的作用。本研究采用2013 - 2022年沪深两市a股上市公司的数据，考察董事会秘书学历与企业ESG绩效的关系。结果表明，高学历董事会秘书通过改善绿色创新合作、声誉和信息披露对企业ESG绩效有显著的促进作用。此外，董事会秘书的学术背景提高了他们有效解释和沟通信息的能力，而担任额外的职位使他们能够获得更多的信息并发挥更广泛的影响。这些因素——学术经历或担任辅助角色——进一步强化了董事会秘书学历与ESG绩效之间的正相关关系。本研究拓展了董事会秘书学历特征的经济后果研究，进一步丰富了上层理论和ESG发展影响因素文献的应用。这对企业董事会秘书的选择具有重要的现实意义，可以为董事会秘书相关政策提供信息，以提高ESG绩效。

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

Journal of International Financial Management & Accounting BUSINESS, FINANCE-

CiteScore

9.10

自引率

2.00%

发文量

期刊介绍： The Journal of International Financial Management & Accounting publishes original research dealing with international aspects of financial management and reporting, banking and financial services, auditing and taxation. Providing a forum for the interaction of ideas from both academics and practitioners, the JIFMA keeps you up-to-date with new developments and emerging trends.