Corporate Sustainability Committees, Chief Sustainability Officers and Environmental Performance – Empirical evidence from European firms
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Corporate Sustainability Committees, Chief Sustainability Officers and Environmental Performance – Empirical evidence from European firms. / Velte, Patrick.
in: Zeitschrift für Umweltpolitik & Umweltrecht, Jahrgang 43, Nr. 2, 2020, S. 191-213.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Corporate Sustainability Committees, Chief Sustainability Officers and Environmental Performance – Empirical evidence from European firms
AU - Velte, Patrick
PY - 2020
Y1 - 2020
N2 - Based on legitimacy theory and upper echelons theory, this empirical study addresseswhether sustainability expertise in Corporate Sustainability Committees (CSCs) hasan impact on firms’ environmental performance. Moreover, a moderator analysis ofthe implementation of Chief Sustainability Officers (CSOs) on that link is included.Panel regressions are conducted for a sample of STOXX Europe 600 firms for thebusiness years 2016–2018 (918 firm-year observations). While sustainability exper-tise in CSCs significantly increases firms’ environmental performance, the link ismore pronounced by the implementation of CSOs. Thus, CSC sustainability expertiseand CSO existence are classified as complementary sustainability board compositionvariables. The results contribute to the current European regulations on “green” fi-nance and complement prior empirical research on the impact of sustainabilityboard expertise on firms’ environmental performance.
AB - Based on legitimacy theory and upper echelons theory, this empirical study addresseswhether sustainability expertise in Corporate Sustainability Committees (CSCs) hasan impact on firms’ environmental performance. Moreover, a moderator analysis ofthe implementation of Chief Sustainability Officers (CSOs) on that link is included.Panel regressions are conducted for a sample of STOXX Europe 600 firms for thebusiness years 2016–2018 (918 firm-year observations). While sustainability exper-tise in CSCs significantly increases firms’ environmental performance, the link ismore pronounced by the implementation of CSOs. Thus, CSC sustainability expertiseand CSO existence are classified as complementary sustainability board compositionvariables. The results contribute to the current European regulations on “green” fi-nance and complement prior empirical research on the impact of sustainabilityboard expertise on firms’ environmental performance.
KW - Management studies
KW - Sustainability Science
M3 - Journal articles
VL - 43
SP - 191
EP - 213
JO - Zeitschrift für Umweltpolitik & Umweltrecht
JF - Zeitschrift für Umweltpolitik & Umweltrecht
SN - 0931-0983
IS - 2
ER -