Publications

Detailed Information

Corporate executives' incentives and ESG performance

Cited 21 time in Web of Science Cited 22 time in Scopus
Authors

Jang, Ga-Young; Kang, Hyoung-Goo; Kim, Woojin

Issue Date
2022-10
Publisher
Elsevier BV
Citation
Finance Research Letters, Vol.49, p. 103187
Abstract
This study investigates the effect of managers' manipulative tendencies on firms' environmental, social, and governance (ESG) performance using the share pledging and earnings management data from FY2015 to FY2020. We find that corporate executives' share pledging activities negatively affect firms' ESG performance. The effect is salient for the environmental and social but governance criteria. Furthermore, we find weak evidence for the relationship between earnings management and ESG performance. The results imply that the managers who manage earnings in order to increase their monetary income may care less about ESG performance that is not strongly aligned to their compensation.
ISSN
1544-6123
URI
https://hdl.handle.net/10371/185514
DOI
https://doi.org/10.1016/j.frl.2022.103187
Files in This Item:
There are no files associated with this item.
Appears in Collections:

Altmetrics

Item View & Download Count

  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Share