首席执行官特征的缓解效应
Dongdong Wu1, Zixuan Song2, Shanyue Jin1
1College of Business, Gachon University, Republic of Korea.
Journal of environmental management
|August 21, 2025
概括
企业的环境,社会和治理 (ESG) 绩效大大提高了金融稳定性. 首席执行官 (CEO) 的特点,如薪酬和过度自信,影响了这种积极的关系,影响了企业的可持续性战略.
科学领域:
- 公司财务
- 可持续的发展
- 商业道德
背景情况:
- 环境,社会和治理 (ESG) 标准对企业运营和投资越来越重要.
- 首席执行官 (CEO) 是企业管理和决策的核心人物.
- 了解ESG,金融稳定和CEO特征之间的相互作用对于可持续的商业实践至关重要.
研究的目的:
- 调查一家公司的ESG业绩对其金融稳定性的影响.
- 分析CEO特征如何调节ESG绩效与金融稳定之间的关系.
- 从执行行为角度探讨ESG影响企业财务稳定的机制.
主要方法:
- 使用固定效应模型和强度测试.
- 在2010年至2023年期间,中国A股上市公司入选.
- 研究了CEO特征的调节作用 (薪酬,过度自信,政治联系).
主要成果:
- 企业的ESG业绩显示出对金融稳定的显著积极影响.
- 发现首席执行官的特点可以缓解ESG和财务风险之间的联系.
- 管理人员的行为特征在ESG与金融稳定关系中发挥着关键作用.
结论:
- 企业的ESG表现增强了企业的财务稳定性,并得到了执行特征的支持.
- 提供企业可持续发展的理论支持,并为投资者做出决策提供信息.
- 为制定ESG法规的决策者提供实证.
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