Detailed Information
Cited 0 time in 
Cited 0 time in 
Cited 0 time in
Metadata Downloads
Corporate executives' incentives and ESG performance
- Authors
- Jang, Ga-Young; Kang, Hyoung-Goo; Kim, Woojin
- Issue Date
- Oct-2022
- Publisher
- ACADEMIC PRESS INC ELSEVIER SCIENCE
- Keywords
- Earnings management; ESG; Executive compensation; Incentives; Share pledging
- Citation
- FINANCE RESEARCH LETTERS, v.49, pp.1 - 8
- Indexed
- SSCI
SCOPUS
- Journal Title
- FINANCE RESEARCH LETTERS
- Volume
- 49
- Start Page
- 1
- End Page
- 8
- ISSN
- 1544-6123
- Abstract
- This study investigates the effect of managers' manipulative tendencies on firms' environmental, social, and governance (ESG) performance using the share pledging and earnings management data from FY2015 to FY2020. We find that corporate executives' share pledging activities negatively affect firms' ESG performance. The effect is salient for the environmental and social but governance criteria. Furthermore, we find weak evidence for the relationship between earnings management and ESG performance. The results imply that the managers who manage earnings in order to increase their monetary income may care less about ESG performance that is not strongly aligned to their compensation.
- Files in This Item
- Go to Link
- Appears in
Collections - 서울 경영대학 > 서울 파이낸스경영학과 > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
Related Researcher
- Kang, Hyoung Goo
- SCHOOL OF BUSINESS (DEPARTMENT OF FINANCE)