ABSTRACT
THE IMPACT OF EXECUTIVE COMPENSATION INCENTIVES ON THE QUALITY OF CORPORATE ENVIRONMENTAL INFORMATION DISCLOSURE
Journal: Advanced Management Science (AMS)
Author: Suwen Zhang
This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
With the continuous development of the concept of green development, the disclosure of corporate environmental information has become one of the most important indicators for judging whether a company fulfils its social responsibility and low carbon development. This paper takes S&P 500 index companies from 2015 to 2019 as a sample for empirical analysis to test the impact of executive compensation incentives on the quality of corporate environmental information disclosure, as well as the moderating effect of industry competition on both. The conclusions show that the enhancement of executive compensation can improve the quality of corporate environmental information disclosure, while more shares held by executives will reduce the quality of corporate environmental information disclosure. The moderating effect of industry competition is significant in the effect of equity incentives on the quality of corporate environmental disclosure, while the moderating effect of industry competition is only significant in non-heavily polluted industries compared to heavily polluted industries.
Pages | 51-63 |
Year | 2024 |
Issue | 1 |
Volume | 13 |