Academic Journal
Does Executives’ Compensation Stickiness Encourage Environmental Investments? An Environmental Attention-Based Perspective.
| Title: | Does Executives’ Compensation Stickiness Encourage Environmental Investments? An Environmental Attention-Based Perspective. |
|---|---|
| Authors: | Liu, Yeshen1 (AUTHOR), Zhang, Zhengtang1 (AUTHOR) zhangzt@nju.edu.cn, Song, Zhe1 (AUTHOR) |
| Source: | Emerging Markets Finance & Trade. Mar2024, p1-20. 20p. 8 Charts. |
| Abstract: | This study explores the influence of executives’ compensation stickiness (ECS) on environmental investments in Chinese heavily polluting enterprises from 2009 to 2021. We find that ECS increases environmental investments by enhancing executives’ environmental attention. This positive impact is more significant in non-state-owned enterprises compared to state-owned enterprises (SOEs) and is more pronounced in companies with weaker local environmental supervision, lower local environmental investments, and less media supervision. Moreover, ECS enhances accounting information quality following environmental investments and also promotes the improvement of environmental performance and corporate value after such investments. [ABSTRACT FROM AUTHOR] |
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| ISSN: | 1540496X |
| DOI: | 10.1080/1540496x.2024.2324190 |
| Database: | Business Source Complete |