CEO education and corporate environmental footprint

Amore, Mario Daniele; Bennedsen, Morten; Larsen, Birthe; Rosenbaum, Philip

doi:10.1016/j.jeem.2019.02.001

Cited by 107 publications

(74 citation statements)

References 69 publications

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“…Similarly, Lewis et al (2014) found that managers, who held MBA degrees, tend to publish environmental information whereas, colleagues, who held law degrees, are less likely to publish this type of information than other businesses. In the same vein, Amore et al (2019) presented a positive relationship between CEO education and CEP. There are several empirical studies that provide evidence to explain why better-educated CEOs usually lead to better environmental performance.…”

Section: Ceo Educationmentioning

confidence: 84%

“…This finding verifies our third hypothesis (3a and 3b) which stats that there is a positive association between CEO education and the possibility of CEP, and is also consistent with the extant studies that illustrate that higher educated individuals tend to engage in a more environmentally friendly orientation (Meyer, 2015). Amore et al (2019) also suggested that education shapes managerial styles of CEOs in environment-related issues. Moreover, higher levels of CEOs' education level tend to be positively related to the levels of their knowledge about environmental responsibility issues.…”

Section: Discussionmentioning

confidence: 99%

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The influence of CEO characteristics on corporate environmental performance of SMEs: Evidence from Vietnamese SMEs

Tran¹,

Pham²

2020

10.5267/j.msl

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Drawing on upper echelon theory, this study investigates the impact of CEOs' (chief executive officers) demographic characteristics on corporate environmental performance (CEP) in small and medium-sized enterprises (SMEs). We hypothesized that CEO characteristics, including gender, age, basic educational level, professional educational level, political connection, and ethnicity, affect SMEs' environmental performance. Using the cross-sectional data analysis of 810 Vietnamese SMEs, this study provides evidence that female CEOs and CEOs' educational level (both basic and professional) are positively related to the probability of CEP. We also find that based on the role of institutional environment on CEP, political connections had a negative effect on CEP in the context of Vietnam. Another finding is that SMEs with chief executives from ethnic minority groups show a higher level of the probability of corporate environmental performance than companies operated by Kinh chief executives. Since CEP is an essential dimension of corporate social responsibility, a strategic decision for SMEs, it is crucial for the company to select appropriate CEOs based on their demographic characteristics.

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Section: Ceo Educationmentioning

confidence: 84%

Section: Discussionmentioning

confidence: 99%

The influence of CEO characteristics on corporate environmental performance of SMEs: Evidence from Vietnamese SMEs

Tran¹,

Pham²

2020

10.5267/j.msl

View full text Add to dashboard Cite

show abstract

“…As a future‐oriented investment, CER promotes the sustainable development of enterprises (Amore et al, 2019; Hart & Caggiano, 2003; He & Chen, 2009; Wang, 2010), which may improve companies' earnings persistence and investors' earnings response at the same time. This section discusses the literature in the field and proposes hypotheses accordingly.…”

Section: Mechanism Analysis and Hypothesis Proposalmentioning

confidence: 99%

“…Moreover, higher operational efficiency is a source of competitive advantage (Boyer & Lewis, 2002; Day, 1994; Terjesena, Patelb, & Covin, 2011), which ultimately affects the accounting performance of enterprises (Yu, Ramanathan, & Nath, 2014). Specifically, first, CER usually relies on higher level tasks, which require changing the existing production mode and encouraging enterprises to adopt more environmentally friendly technologies (Amore et al, 2019; Shi & Xu, 2018; Tanaka, 2015; Wang, Hang, Su, & Zhou, 2018). According to Hart and Caggiano (2003), clean technology is a critical component of sustainable development.…”

Section: Mechanism Analysis and Hypothesis Proposalmentioning

confidence: 99%

“…Because promoting sustainable development is the core value of CER (Wang, 2010; Chen et al, 2018; Amore, Bennedsen, Larsen, & Rosenbaum, 2019), companies that fulfill their environmental responsibility may benefit from CER in the long term although they are required to bear some costs in the short term (Teng, Wu, & Chou, 2013). In this regard, short‐term cost–benefit indicators cannot fully reflect the long‐term value of CER.…”

Section: Introductionmentioning

confidence: 99%

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Long‐term economic consequences of corporate environmental responsibility: Evidence from heavily polluting listed companies in China

Yang

et al. 2020

Bus Strat Env

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In this study, we aim to investigate the long‐term economic consequences of corporate environmental responsibility (CER) by companies from the perspective of earnings persistence and investors' response. Based on firm‐level data of 1,010 heavily polluting listed companies in China, the empirical results are as follows. First, the CER of China's heavily polluting listed companies has significantly improved their earnings persistence, that is, earnings quality. Second, the positive long‐term economic effect of CER has been achieved through two paths: improving companies' operational efficiency and reducing their credit costs. Third, CER increases investors' response to heavily polluting companies' accounting earnings. Moreover, state‐owned listed companies achieve more significant positive long‐term economic effects from CER than others. The results suggest that heavily polluting companies should correctly identify the long‐term value of CER rather than pay excessive attention to the impact of CER on their current costs and benefits.

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ESG risk, CEO education and gender: Evidence from Southeast Asia

Adhariani,

Setiawan,

Harymawan

et al. 2024

Bus Strat Dev

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This study explores the impact of a CEO's educational background from a top university on reducing corporate ESG risk and the potential moderating role of CEO gender. Using the QS World University Rankings (QS WUR) to define reputable universities, the research focuses on companies in ASEAN (Association of Southeast Asian Nations) countries, known for elevated ESG risks. Through Ordinary Least Squares (OLS) regression analysis, the results show that CEOs educated at top universities reduce ESG risk, while CEO gender does not moderate this relationship. The findings represent the importance of reputable universities as habitus to support the globalization of business and responsible management education, regardless the gender. The results also highlight the influence of educational background on corporate ESG performance, with significant implications for corporate strategy and CEO appointments.

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CEO education and corporate environmental footprint

Cited by 107 publications

References 69 publications

The influence of CEO characteristics on corporate environmental performance of SMEs: Evidence from Vietnamese SMEs

The influence of CEO characteristics on corporate environmental performance of SMEs: Evidence from Vietnamese SMEs

Long‐term economic consequences of corporate environmental responsibility: Evidence from heavily polluting listed companies in China

ESG risk, CEO education and gender: Evidence from Southeast Asia

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