CEO Attributes, Sustainable Performance, Environmental Performance, and Environmental Reporting: New Insights from Upper Echelons Perspective

Business Strategy and the Environment, June 20, 2019

29 Pages Posted: 21 Jan 2020

See all articles by Yasir Shahab

Yasir Shahab

School of Accounting, Xijing University

Collins G. Ntim

University of Southampton Business School, UK; University of Southampton

Yugang Chen

Sun Yat-sen University (SYSU) - School of Business

Farid Ullah

University of International Business and Economics (UIBE) - School of International Trade and Economics

Hai-Xia Li

Xijing University - School of Accounting

Zhiwei Ye

University of International Business and Economics (UIBE)

Date Written: May 13, 2019

Abstract

This study examines the impact of CEO attributes on sustainable performance, environmental performance and environmental reporting, which are motivated by institutionally-driven environmental policies, regulations, and management in the context of Chinese listed firms. Using a comprehensive dataset of 2,854 Chinese listed firms over the 2010-2017 period (i.e., making over 16,000 individual firm-year observations), our findings are four-fold. First, our overall findings reveal that CEOs with research background tend to engage more in activities that improve sustainable performance, environmental performance, and environmental reporting compared with those that are not. Second, CEOs with financial expertise are positively linked with increased sustainable performance and environmental reporting. Third, CEOs with foreign exposure are more eager to engage in activities that enhance sustainable and environmental performance than those that are not. Fourth, young CEOs tend to take actions that reduce both sustainable and environmental performance than their older counterparts. We interpret our results within upper echelons theoretical perspective. The results are robust to alternative measures, potential endogeneities and sample selection problems.

Keywords: sustainable performance, environmental performance, environmental reporting, CEO attributes, upper echelons perspectives, China

Suggested Citation

Shahab, Yasir and Ntim, Collins G. and Chen, Yugang and Ullah, Farid and Li, Hai-Xia and Ye, Zhiwei, CEO Attributes, Sustainable Performance, Environmental Performance, and Environmental Reporting: New Insights from Upper Echelons Perspective (May 13, 2019). Business Strategy and the Environment, June 20, 2019, Available at SSRN: https://ssrn.com/abstract=3512591 or http://dx.doi.org/10.2139/ssrn.3512591

Yasir Shahab (Contact Author)

School of Accounting, Xijing University ( email )

Xijing Road
Chang'An District
Xi'an, Shaanxi Province, Shaanxi Province 710123
China
+8613126584641 (Phone)

Collins G. Ntim

University of Southampton Business School, UK ( email )

Southampton Business School
Highfield
Southampton, England SO17 IBJ
United Kingdom
+44 (0) 238059 4285 (Phone)
+44 (0) 238059 3844 (Fax)

HOME PAGE: http://www.southampton.ac.uk/business-school/about/staff/cgn1n11.page

University of Southampton ( email )

Southampton, SO17 1BJ
United Kingdom

Yugang Chen

Sun Yat-sen University (SYSU) - School of Business

135 Xingang West Road
Sun Yat-Sen University
Guangzhou, Guangdong 510275
China

Farid Ullah

University of International Business and Economics (UIBE) - School of International Trade and Economics ( email )

10 East Huixin Street
Chaouang District
Beijing, 100029
China

Hai-Xia Li

Xijing University - School of Accounting ( email )

China

Zhiwei Ye

University of International Business and Economics (UIBE) ( email )

10, Huixin Dongjie
Changyang District
Beijing, Beijing 100029
China

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