{"title":"CEO离职与道德透明度：领导换届对kospi上市公司ESG信息披露的影响","authors":"Jongwon Choi, Suk Hyun, Ju Hyoung Park","doi":"10.1002/csr.70049","DOIUrl":null,"url":null,"abstract":"<p>This study investigates the impact of CEO turnover on environmental, social, and governance (ESG) disclosure practices, focusing on how distinct types of leadership transitions influence corporate transparency in an emerging market context. Drawing on data from KOSPI-listed firms in South Korea between 2013 and 2020, we develop a detailed typology of CEO turnover, including internal versus external appointments, owner-manager versus professional managers, and voluntary versus forced transitions, to examine their differential effects on ESG reporting. We find that ESG disclosure significantly increases following CEO transition, particularly when the incoming CEO is an externally hired or a professional executive. The results underscore the strategic role of leadership change in advancing sustainability initiatives, as new CEOs often seek legitimacy and alignment with stakeholder expectations.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 5","pages":"6690-6711"},"PeriodicalIF":9.1000,"publicationDate":"2025-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70049","citationCount":"0","resultStr":"{\"title\":\"CEO Turnover and Ethical Transparency: The Role of Leadership Transitions in Shaping ESG Disclosure Among KOSPI-Listed Companies\",\"authors\":\"Jongwon Choi, Suk Hyun, Ju Hyoung Park\",\"doi\":\"10.1002/csr.70049\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This study investigates the impact of CEO turnover on environmental, social, and governance (ESG) disclosure practices, focusing on how distinct types of leadership transitions influence corporate transparency in an emerging market context. Drawing on data from KOSPI-listed firms in South Korea between 2013 and 2020, we develop a detailed typology of CEO turnover, including internal versus external appointments, owner-manager versus professional managers, and voluntary versus forced transitions, to examine their differential effects on ESG reporting. We find that ESG disclosure significantly increases following CEO transition, particularly when the incoming CEO is an externally hired or a professional executive. The results underscore the strategic role of leadership change in advancing sustainability initiatives, as new CEOs often seek legitimacy and alignment with stakeholder expectations.</p>\",\"PeriodicalId\":48334,\"journal\":{\"name\":\"Corporate Social Responsibility and Environmental Management\",\"volume\":\"32 5\",\"pages\":\"6690-6711\"},\"PeriodicalIF\":9.1000,\"publicationDate\":\"2025-07-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70049\",\"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.70049\",\"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.70049","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
CEO Turnover and Ethical Transparency: The Role of Leadership Transitions in Shaping ESG Disclosure Among KOSPI-Listed Companies
This study investigates the impact of CEO turnover on environmental, social, and governance (ESG) disclosure practices, focusing on how distinct types of leadership transitions influence corporate transparency in an emerging market context. Drawing on data from KOSPI-listed firms in South Korea between 2013 and 2020, we develop a detailed typology of CEO turnover, including internal versus external appointments, owner-manager versus professional managers, and voluntary versus forced transitions, to examine their differential effects on ESG reporting. We find that ESG disclosure significantly increases following CEO transition, particularly when the incoming CEO is an externally hired or a professional executive. The results underscore the strategic role of leadership change in advancing sustainability initiatives, as new CEOs often seek legitimacy and alignment with stakeholder expectations.
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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