The Effects of Board Diversity on Korean Companies’ ESG Performance

Sustainability, Journal Year: 2025, Volume and Issue: 17(2), P. 787 - 787

Published: Jan. 20, 2025

This paper explores the effect of board diversity on environmental, social, and governance (ESG) performance in Korean-listed firms using regression analysis. Our findings reveal that an increased size significantly correlates with higher ESG scores when combined other dimensions. The presence female directors boards was found to have a significant environmental social components performance. Age exhibits negative association scores, emphasizing potential disruptions from intergenerational differences. Foreign show no impact performance, suggesting country-specific contextual factors may limit foreign directors’ influence boards. proportion highly educated positively affects overall aligning resource dependence agency theories. Overseas-educated play crucial “bridging” role adapting sustainable innovations overseas, influencing In conclusion, this study provides empirical evidence complex relationships between dimensions Korean context. These guide stakeholders shaping inclusive effective structures for optimal corporate sustainability.

Language: Английский

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The Effect of Environmental, Social, and Governance (ESG) Performance on Corporate Financial Performance in China: Based on the Perspective of Innovation and Financial Constraints

Sustainability, Journal Year: 2024, Volume and Issue: 16(8), P. 3329 - 3329

Published: April 16, 2024

This paper analyzes the effects of Environmental, Social, and Governance (ESG) performance on corporate financial (CFP), enriching research intrinsic mechanism between ESG in developing countries. study uses a data sample A-share listed companies Shanghai Shenzhen, China from 2009 to 2021, adopts two-way fixed model methodology with time industries explore relationship two conjunction relevant basic theories. The findings indicate that exerts positive influence CFP by fostering innovation. Corporations good long term may be more conducive CFP. When corporations face constraints, role enhancing weakens. Heterogeneity analyses contributes non-state-owned enterprises (non-SOEs). negative moderating constraints is pronounced non-SOEs. Additionally, promotes improvement non-heavy polluting corporates. extends scientific foundation for how corporates can improve increase market competitiveness.

Language: Английский

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CEO power, board features and ESG performance: An extensive novel moderation analysis

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(6), P. 5627 - 5655

Published: June 18, 2024

Abstract The ESG paradigm has exerted increasing pressure on firms to adopt environment‐friendly and socially responsible policies. Interestingly, less attention been paid the drivers of performance. Therefore, we address this gap by analyzing a sample Chinese non‐financial firms. First, examine if CEO power dimensions influence Second, investigate board gender diversity (BGD) influences association between Third, explore independence complement each other influencing relationship study used rigorous methodology comprising five statistical estimation techniques several variable measurements. In addition, extensively analyze two‐way three‐way interactions for moderation analysis. Our unique results indicate that structural duality powers diminish performance while expert ownership enhance Further, document BGD positive also reveal BI favorably further analysis an adequate number (or critical mass) female directors are required along with improve We find tenure have inverted U‐shaped

Language: Английский

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The Stackelberg duel between Central Bank Digital Currencies and private payment titans in China

Technological Forecasting and Social Change, Journal Year: 2024, Volume and Issue: 200, P. 123169 - 123169

Published: Jan. 4, 2024

Language: Английский

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Nomination and remuneration committee: a review of literature

Journal of Capital Markets Studies, Journal Year: 2024, Volume and Issue: 8(1), P. 126 - 168

Published: April 8, 2024

Purpose This paper aims to synthesize the diverse literature on nomination and remuneration committees provide avenues for future research. Design/methodology/approach study provides a comprehensive review of theoretical empirical studies published in reputable international journals indexed by Scopus. Findings The reveals several aspects committee. These have been classified into definition committee, dimensions measurement research results, reasons conflict findings, company dynamics moderators, as well recommending Research limitations/implications Our shows that play role improving board performance performance, reducing agency conflicts corporate governance implications companies, regulators investors pave way Originality/value identifies issues related committees, their practical

Language: Английский

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Gender diversity in management and corporate financial performance: A systematic literature review

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 4047 - 4067

Published: March 26, 2024

Abstract With many studies on the participation of women in management positions, a systematic review gender diversity and its impact financial performance companies over last 20 years is demand. To this end, we conducted literature 370 articles, 359 which were empirical published most relevant journals Finance Business Administration. As result analysis, characteristics research, main authors, journals, theories used, relationships between variables identified. The results show that research points to evidence positive relationship female under different aspects (e.g., return, risk, cost capital, fraud, etc.). This study contributes academic debate firm performance. In addition review, outline theoretical framework present future agendas.

Language: Английский

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Ownership Structure and Financial Sustainability of Saudi Listed Firms

Sustainability, Journal Year: 2024, Volume and Issue: 16(9), P. 3773 - 3773

Published: April 30, 2024

This research assesses the impact of ownership structure on financial sustainability. Panel data from 102 Saudi non-financial listed firms covering 2013 to 2022 were analysed using OLS and fixed effects methods. Further, GMM was employed check for robustness. The outcomes reveal strong positive institutional family shareholding implies that robust stringent monitoring investors may neutralise managerial entrenchment, reduce agency costs pave way However, government appears insignificant, while exerts a negative influence effect suggests be counterproductive organisational efficiency. Importantly, look consistent several econometric models. Therefore, findings further shape policymakers’ understanding how diverse strategies Also, results serve as an incentive managers standard setters support in embracing shareholding. presence these shareholders minimise conflicts maximise firm value sustainable profitability.

Language: Английский

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

Administrative Sciences, Journal Year: 2024, Volume and Issue: 14(10), P. 255 - 255

Published: Oct. 10, 2024

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

Language: Английский

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Examining the Impact of Environmental, Social, and Corporate Governance Factors on Long-Term Financial Stability of the European Financial Institutions: Dynamic Panel Data Models with Fixed Effects

International Journal of Financial Studies, Journal Year: 2025, Volume and Issue: 13(1), P. 3 - 3

Published: Jan. 2, 2025

Modern economies are progressively acknowledging the need to assess environmental, social, and corporate governance (ESG) elements identify possible risks possibilities. The financial sector, exerting significant influence over economy, is essential for sustaining economic stability via lending mechanism. Our study focuses on examining of ESG factors European institutions. To attain this goal, we utilized fixed-effects random-effects dynamic panel models, analyzing 352 institutions across many nations from 2019 2021. study’s findings reveal a complex scenario. indicate that ethical responsibility practices significantly impact performance Nonetheless, execution policies pertaining ethics seems markedly inadequate. research reveals substantial evidence direct correlation between profit stability, diverging other studies. This newly established group directly influences in Europe. These enhance comprehension interaction variables illuminating both beneficial effects current deficiencies behaviors within banking sector.

Language: Английский

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Capital Structure and Financial Sustainability of Micro, Small and Medium Scale Enterprises in Northeastern Nigeria

Global journal of economic and finance research., Journal Year: 2025, Volume and Issue: 02(01)

Published: Jan. 13, 2025

This study empirically assesses the effect of capital structure on financial sustainability micro, small and medium-scale enterprises (MSMEs) in Northeastern Nigeria. Using fixed effects method, research analysed panel data 174 MSMEs across six (6) states from 2018-2023. Further evidence was provided using random technique. The finding shows that short-term debt negatively influences sustainability, while long-term financing may lead to sustainable performance. result implies should prioritise securing borrowing enhance their performance attain sustainability. Policymakers regulators not relent providing opportunities for consistent growth.

Language: Английский

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