高管薪酬和企业可持续性:ESG评级的证据
Heliyon
|July 1, 2024
概括
高管薪酬激励措施通过改善绿色创新和披露来提高企业的ESG评级. 然而,过度补偿和高管理股权可以减少这些积极影响.
科学领域:
- 企业金融公司财务
- 环境,社会和治理 (ESG) 研究 研究
- 公司治理 公司治理
背景情况:
- 高管薪酬是企业战略和绩效的关键驱动力.
- 对于投资者和利益相关者来说,ESG评级越来越重要.
- 了解薪酬和ESG之间的联系对于可持续的商业实践至关重要.
研究的目的:
- 调查高管薪酬与企业ESG评级之间的关系.
- 确定执行人员薪酬影响ESG绩效的机制.
- 检查调节因素和过度补偿对ESG评级的影响.
主要方法:
- 对中国A股上市公司 (2012-2021) 的实证分析.
- 回归分析评估高管薪酬对ESG评级的影响.
- 调解和调节分析以探索操作机制和影响因素.
主要成果:
- 高管薪酬显著提高了企业的ESG评级.
- 积极的影响通过绿色创新效率,环保披露和财务绩效进行调解.
- 管理股权的增加削弱了积极影响,而独立董事则加强了积极影响.
- 过度补偿会对ESG评级产生负面影响.
结论:
- 高管薪酬可以成为提高企业可持续性和ESG绩效的战略工具.
- 适当的薪酬结构对于最大限度地实现积极的ESG结果至关重要.
- 公司治理机制,如独立董事和控制股权,在调节这种关系方面发挥着至关重要的作用.
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