促进对印度环境、社会和公司治理得分与高管薪酬关系的理解

IF 5.5 2区经济学 Q1 BUSINESS, FINANCE

Global Finance Journal Pub Date : 2024-05-31 DOI:10.1016/j.gfj.2024.100993

Ranjitha Ajay , Surendranath Rakesh Jory , K.P. Syamraj

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引用次数: 0

摘要

本研究以 2007 年至 2021 年的印度顶级上市公司为样本，并控制了各种公司层面的特征，研究了环境、社会和公司治理（ESG）绩效指标对高管薪酬的影响。研究结果表明，ESG 分数越高，高管薪酬越高。子样本分析研究了企业集团关联和环境敏感性如何影响高管薪酬。结果显示，ESG 分数较高的企业集团附属公司的高管薪酬往往高于非附属公司。此外，环境敏感性较高的企业，其治理支柱得分越高（代表更好的治理实践），高管薪酬也越高。最后，高环境、社会和公司治理得分和高管薪酬与更好的公司业绩相关。

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Advancing understanding of ESG score and executive compensation relationships in the Indian context

This study examines the impact of environmental, social, and corporate governance (ESG) performance metrics on executive compensation in India using a sample of top-listed firms from 2007 to 2021 and controls for various firm-level characteristics. Findings show that a higher ESG score is associated with higher executive compensation. The subsample analyses examines how business-group affiliations and environmental sensitivity affect executive compensation. Results reveal that business-group affiliated firms with higher ESG scores tend to have higher executive compensation than nonaffiliated firms. Moreover, environmentally sensitive firms with higher governance pillar scores, which represent better governance practices, show higher executive compensation. Finally, high ESG scores and executive compensation is associated with better firm performance.

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来源期刊

Global Finance Journal BUSINESS, FINANCE-

CiteScore

7.30

自引率

13.50%

发文量

106

审稿时长

53 days

期刊介绍： Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management. Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia. Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.