Premium
Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective
Author(s) -
Shahab Yasir,
Ntim Collins G.,
Chen Yugang,
Ullah Farid,
Li HaiXia,
Ye Zhiwei
Publication year - 2020
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2345
Subject(s) - upper echelons , business , perspective (graphical) , chief executive officer , environmental reporting , sample (material) , officer , sustainable development , context (archaeology) , accounting , marketing , management , economics , strategic management , political science , artificial intelligence , computer science , law , paleontology , chemistry , chromatography , biology
This study examines the impact of chief executive officer (CEO) attributes on sustainable performance, environmental performance, and environmental reporting, which are motivated by institutionally driven environmental policies, regulations, and management in the context of Chinese listed firms. With the use of a comprehensive dataset of 2,854 Chinese listed firms over the 2010–2017 period (i.e., making over 16,000 individual firm‐year observations), our findings are fourfold. First, our overall findings reveal that CEOs with research background tend to engage more in activities that improve sustainable performance, environmental performance, and environmental reporting than do those without research background. Second, CEOs with financial expertise are positively linked with increased sustainable performance and environmental reporting. Third, CEOs with foreign exposure are more eager to engage in activities that enhance sustainable and environmental performance than do those without foreign exposure. Fourth, young CEOs tend to take actions that reduce both sustainable and environmental performance than do their older counterparts. We interpret our results within upper echelons theoretical perspective. The results are robust to alternative measures, potential endogeneities, and sample selection problems.