Help or hindrance? The impact of female executives on corporate ESG performance in China

Yan, Jialin; Huang, Yulong; Liao, Xiaowei

doi:10.1016/j.jclepro.2024.140614

Cited by 6 publications

(4 citation statements)

References 85 publications

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“…The so-called ESG performance has also attracted significant attention from academic scholars over the recent decade, as reflected by a growing number of research articles investigating this issue from different perspectives. From empirical perspectives, research has investigated the relationship between corporate culture and ESG performance [12] the impact of climate change on ESG performance [19], board gender diversity and ESG performance [20], and the impact of environmental uncertainty on ESG performance [21] among others.…”

Section: Literature Reviewmentioning

confidence: 99%

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Tan,

Karbassi Yazdi,

Antunes

et al. 2024

Mathematics

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Utilizing Multi-Criteria Decision Analysis (MCDA) methods based on environmental, social, and governance (ESG) factors to rank countries according to these criteria aims to evaluate and prioritize countries based on their performance in environmental, social, and governance aspects. The contemporary world is influenced by a multitude of factors, which consequently impact our lives. Various models are devised to assess company performance, with the intention of enhancing quality of life. An exemplary case is the ESG framework, encompassing environmental, social, and governmental dimensions. Implementing this framework is intricate, and many nations are keen on understanding their global ranking and avenues for enhancement. Different statistical and mathematical methods have been employed to represent these rankings. This research endeavors to examine both types of methods to ascertain the one yielding the optimal outcome. The ESG model comprises eleven factors, each contributing to its efficacy. We employ the Performance Contribution Analysis (PCA), Clifford algebra method, and entropy weight technique to rank these factors, aiming to identify the most influential factor in countries’ ESG-based rankings. Based on prioritization results, political stability (PSAV) and the voice of accountability (VA) emerge as pivotal elements. In light of the ESG model and MCDA methods, the following countries exhibit significant societal impact: Sweden, Finland, New Zealand, Luxembourg, Switzerland, Denmark, India, Norway, Canada, Germany, Austria, and Australia. This research contributes in two distinct dimensions, considering the global context and MCDA methods employed. Undoubtedly, a research gap is identified, necessitating the development of a novel model for the comparative evaluation of countries in relation to prior studies.

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Section: Literature Reviewmentioning

confidence: 99%

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Tan,

Karbassi Yazdi,

Antunes

et al. 2024

Mathematics

View full text Add to dashboard Cite

show abstract

“…In contrast, non-SOEs might offer more flexibility and autonomy to executives, potentially amplifying the influence of female executives on corporate behavior, including ESG decoupling. These companies may also be more susceptible to market pressures, including consumer and investor demands for strong ESG performance (Yan et al, 2024), which could support the efforts of female executives to align ESG policies with practices. In conclusion, the bureaucratic nature, political influences, and potential external controls on SOEs may hinder the ability of female executives to mitigate ESG decoupling as effectively as their counterparts in non-SOEs.…”

Section: Esg Decoupling and Proportion Of Female Executivesmentioning

confidence: 99%

“…Empirical studies have suggested that increased female participation in executive teams is associated with increased ESG performance rating because female participation enhance the executive team’s ability to effectively address ESG issues when making corporate decisions (Hyun et al ., 2022). These performance-related strategies include increasing environmental investment (Bhuiyan et al ., 2021; Hu and Yang, 2021), increasing investment in ESG issues (Borghesi et al ., 2014), and improving social responsibility performance (Yan et al ., 2024). Moreover, recruiting female executives has the potential to foster a favorable rapport with external stakeholders and increase their trust, all of these strategies contribute to a higher ESG performance score (Ford and Richardson, 1994; Peng and Chandarasupsang, 2023; Romano et al ., 2020; Velte, 2016; Veltri et al ., 2021).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Next, we consider the interaction of ownership with ESG decoupling and female executive proportion. The basis for corporate governance is ownership structure, which determines the level of ownership concentration and status of a company’s principal shareholders (Yan et al ., 2024). As ownership concentration in corporations rises, major shareholders acquire greater property and disclosure rights, and their interests become more intricately linked to the value of the company.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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Female power, ownership and ESG decoupling: evidence from China

Yang,

Ye,

Wang

et al. 2024

IJGE

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PurposeThis study explores the influence of female executives on the misalignment between corporate ESG commitments and practices, a phenomenon known as ESG decoupling. It also enhances the understanding of female power on affecting ESG decoupling under different ownership settings.Design/methodology/approachThis study uses a quantitative research design to explore the impact mechanism of female executives’ proportion on corporate ESG decoupling under different ownership contexts based on a sample of 2,585 firm-year observations from publicly traded Chinese companies between 2011 and 2021.FindingsBased on agency theory, upper echelons theory and gender socialization theory, our findings indicate that (1) female executives are significantly effective in reducing ESG decoupling, and (2) this effect is more pronounced in non-state-owned enterprises (non-SOEs) compared to state-owned enterprises (SOEs).Originality/valueThis study contributes original insights into the ESG decoupling literature by demonstrating the external influences of corporate governance structure, particularly in the context of China’s unique corporate ownership environment. It also provides strong social implications by highlighting the role of gender dynamics in corporate governance, corporate social responsibility (CSR) behaviors and ESG alignment.

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Evaluating Executives and Non-Executives’ Impact toward ESG Performance in Banking Sector: An Entropy Weight and TOPSIS Method

Zournatzidou

2024

Administrative Sciences

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Financial institutions should prioritize the adoption of comprehensive Environmental, Social, and Corporate Governance (ESG) disclosure policies to improve their market reputation and decrease capital expenditures. The current study’s research objective is to investigate the impact of both inside and outside executives on the successive adoption of ESG strategies, based on the sustainable leadership theoretical framework and the bottom-up corporate governance theory. Data for the current study were obtained from the Refinitiv Eikon database and analyzed through using the entropy weight and TOPSIS techniques. The research suggests that including fully autonomous board members has the potential to improve the transparency of firms’ ESG criteria. This result was derived from an analysis of data pertaining to the behavior of CEOs and non-executives at the company level in Fiscal Year (FY) 2023. The verification of the soundness and dependability of this finding has been carried out by scrutinizing the problem of endogeneity and diverse techniques of data representation. Furthermore, our study has disproven the idea that having CEOs on the board of directors may significantly improve the ESG performance of financial institutions. Consequently, the research proposes that adopting a strict policy of board independence has the capacity to alleviate the environmental, social, and governance repercussions that arise from the control of internal executives, namely CEOs.

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Help or hindrance? The impact of female executives on corporate ESG performance in China

Cited by 6 publications

References 85 publications

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Female power, ownership and ESG decoupling: evidence from China

Evaluating Executives and Non-Executives’ Impact toward ESG Performance in Banking Sector: An Entropy Weight and TOPSIS Method

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