Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure: Empirical evidence for the European capital market

Patrick Velte

doi:10.1108/JGR-06-2022-0055

Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure: Empirical evidence for the European capital market

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet

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Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure: Empirical evidence for the European capital market. / Velte, Patrick.
in: Journal of Global Responsibility, Jahrgang 14, Nr. 2, 23.03.2023, S. 241-253.

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet

Bibtex

@article{91819072c3264631bffce09ed71dac84,

title = "Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure: Empirical evidence for the European capital market",

abstract = "PurposeThe purpose of this study is to examine the relationship among chief sustainability officer (CSO) expertise, sustainability-related executive compensation (SEC) and biodiversity disclosure (BD).Design/methodology/approachBased on legitimacy and upper echelons theory, this study uses both random-effects and logit regressions and looks at the 2014–2019 financial years of companies listed on the STOXX Europe 600 (1,992 firm-year observations).FindingsThe findings of this study are in line with prior research on sustainable corporate governance and indicate that CSO sustainability expertise significantly increases BD and that SEC strengthens this relationship as a moderating variable. The results of this study are robust to a battery of sensitivity analyses.Originality/valueThis study makes a major contribution to prior analyses, as this appears to be the first on the link among CSO expertise, SEC and BD, as per the author{\textquoteright}s knowledge. This study has major implications for business practice, regulators and research.",

keywords = "Management studies, corporate goverannce, sustainable corporate governance, environmental performance, sustainable boards, biodiversity, M40, M42, Sustainability Science",

author = "Patrick Velte",

note = "Publisher Copyright: {\textcopyright} 2022, Emerald Publishing Limited.",

year = "2023",

month = mar,

day = "23",

doi = "10.1108/JGR-06-2022-0055",

language = "English",

volume = "14",

pages = "241--253",

journal = "Journal of Global Responsibility",

issn = "2041-2568",

publisher = "Emerald Publishing Limited",

number = "2",

}

RIS

TY - JOUR

T1 - Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure

T2 - Empirical evidence for the European capital market

AU - Velte, Patrick

PY - 2023/3/23

Y1 - 2023/3/23

N2 - PurposeThe purpose of this study is to examine the relationship among chief sustainability officer (CSO) expertise, sustainability-related executive compensation (SEC) and biodiversity disclosure (BD).Design/methodology/approachBased on legitimacy and upper echelons theory, this study uses both random-effects and logit regressions and looks at the 2014–2019 financial years of companies listed on the STOXX Europe 600 (1,992 firm-year observations).FindingsThe findings of this study are in line with prior research on sustainable corporate governance and indicate that CSO sustainability expertise significantly increases BD and that SEC strengthens this relationship as a moderating variable. The results of this study are robust to a battery of sensitivity analyses.Originality/valueThis study makes a major contribution to prior analyses, as this appears to be the first on the link among CSO expertise, SEC and BD, as per the author’s knowledge. This study has major implications for business practice, regulators and research.

AB - PurposeThe purpose of this study is to examine the relationship among chief sustainability officer (CSO) expertise, sustainability-related executive compensation (SEC) and biodiversity disclosure (BD).Design/methodology/approachBased on legitimacy and upper echelons theory, this study uses both random-effects and logit regressions and looks at the 2014–2019 financial years of companies listed on the STOXX Europe 600 (1,992 firm-year observations).FindingsThe findings of this study are in line with prior research on sustainable corporate governance and indicate that CSO sustainability expertise significantly increases BD and that SEC strengthens this relationship as a moderating variable. The results of this study are robust to a battery of sensitivity analyses.Originality/valueThis study makes a major contribution to prior analyses, as this appears to be the first on the link among CSO expertise, SEC and BD, as per the author’s knowledge. This study has major implications for business practice, regulators and research.

KW - Management studies

KW - corporate goverannce

KW - sustainable corporate governance

KW - environmental performance

KW - sustainable boards

KW - biodiversity

KW - M40

KW - M42

KW - Sustainability Science

UR - http://www.scopus.com/inward/record.url?scp=85143384451&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/125a9cd3-41a1-331f-ac25-caa032d3c61e/

U2 - 10.1108/JGR-06-2022-0055

DO - 10.1108/JGR-06-2022-0055

M3 - Journal articles

VL - 14

SP - 241

EP - 253

JO - Journal of Global Responsibility

JF - Journal of Global Responsibility

SN - 2041-2568

IS - 2

ER -