{"title":"巴西高管性别多样性与生态创新：可持续薪酬政策的调节作用","authors":"Victor Daniel Vasconcelos, Maisa Souza de Ribeiro","doi":"10.1002/csr.70014","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>This study investigates how executive gender diversity influences environmental innovation. It also explores the moderating role of sustainable compensation policies in this relationship. The sample of this study comprises 1035 observations of Brazilian firms from 2010 to 2023. The Feasible Generalized Least Squares (FGLS) econometric method was employed to test the two proposed hypotheses with data from the LSEG database. Besides, the two-stage least squares method (2SLS) was used for the endogenous test. The results report that the presence of female executives has no impact on environmental innovation. Furthermore, the results reveal that sustainable compensation policy positively moderates the relationship between executive gender diversity and eco-innovation. These findings suggest that compensation linked to environmental goals satisfies stakeholder demands for the adoption of environmentally friendly practices. The results indicate that policymakers should encourage regulations that incentivize sustainable compensation policies. Additionally, boards of directors should incorporate environmental criteria into executive compensation. Finally, investors should include sustainable compensation policies in their investment criteria, recognizing that they can encourage the implementation of eco-innovative practices.</p>\n </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 5","pages":"6066-6087"},"PeriodicalIF":9.1000,"publicationDate":"2025-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Executive Gender Diversity and Eco-Innovation in Brazil: The Moderating Role of Sustainable Compensation Policies\",\"authors\":\"Victor Daniel Vasconcelos, Maisa Souza de Ribeiro\",\"doi\":\"10.1002/csr.70014\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div>\\n \\n <p>This study investigates how executive gender diversity influences environmental innovation. It also explores the moderating role of sustainable compensation policies in this relationship. The sample of this study comprises 1035 observations of Brazilian firms from 2010 to 2023. The Feasible Generalized Least Squares (FGLS) econometric method was employed to test the two proposed hypotheses with data from the LSEG database. Besides, the two-stage least squares method (2SLS) was used for the endogenous test. The results report that the presence of female executives has no impact on environmental innovation. Furthermore, the results reveal that sustainable compensation policy positively moderates the relationship between executive gender diversity and eco-innovation. These findings suggest that compensation linked to environmental goals satisfies stakeholder demands for the adoption of environmentally friendly practices. The results indicate that policymakers should encourage regulations that incentivize sustainable compensation policies. Additionally, boards of directors should incorporate environmental criteria into executive compensation. Finally, investors should include sustainable compensation policies in their investment criteria, recognizing that they can encourage the implementation of eco-innovative practices.</p>\\n </div>\",\"PeriodicalId\":48334,\"journal\":{\"name\":\"Corporate Social Responsibility and Environmental Management\",\"volume\":\"32 5\",\"pages\":\"6066-6087\"},\"PeriodicalIF\":9.1000,\"publicationDate\":\"2025-06-13\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Corporate Social Responsibility and Environmental Management\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1002/csr.70014\",\"RegionNum\":2,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Social Responsibility and Environmental Management","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/csr.70014","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
Executive Gender Diversity and Eco-Innovation in Brazil: The Moderating Role of Sustainable Compensation Policies
This study investigates how executive gender diversity influences environmental innovation. It also explores the moderating role of sustainable compensation policies in this relationship. The sample of this study comprises 1035 observations of Brazilian firms from 2010 to 2023. The Feasible Generalized Least Squares (FGLS) econometric method was employed to test the two proposed hypotheses with data from the LSEG database. Besides, the two-stage least squares method (2SLS) was used for the endogenous test. The results report that the presence of female executives has no impact on environmental innovation. Furthermore, the results reveal that sustainable compensation policy positively moderates the relationship between executive gender diversity and eco-innovation. These findings suggest that compensation linked to environmental goals satisfies stakeholder demands for the adoption of environmentally friendly practices. The results indicate that policymakers should encourage regulations that incentivize sustainable compensation policies. Additionally, boards of directors should incorporate environmental criteria into executive compensation. Finally, investors should include sustainable compensation policies in their investment criteria, recognizing that they can encourage the implementation of eco-innovative practices.
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.
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