Chief sustainability officer expertise, sustainability-related executive compensation and corporate biodiversity disclosure: Empirical evidence for the European capital market
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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, Vol. 14, No. 2, 23.03.2023, p. 241-253.Research output: Journal contributions › Journal articles › Research › peer-review
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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
N1 - Publisher Copyright: © 2022, Emerald Publishing Limited.
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 -