A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?
This study examines how politically connected CEOs moderate the relationship between ESG and financial performance in Chinese A-share listed companies from 2015 to 2022. The results demonstrate that companies with strong ESG performance tend to have better financial performance. The connection betwe...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , |
| التنسيق: | article |
| منشور في: |
2024
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://dx.doi.org/10.1016/j.intfin.2024.102056 https://www.sciencedirect.com/science/article/pii/S1042443124001227 http://hdl.handle.net/10576/63353 |
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| _version_ | 1857415084984238080 |
|---|---|
| author | Mohamed, Marie |
| author2 | Qi, Baolei Elgammal, Mohammed Elnahass, Marwa |
| author2_role | author author author |
| author_facet | Mohamed, Marie Qi, Baolei Elgammal, Mohammed Elnahass, Marwa |
| author_role | author |
| dc.creator.none.fl_str_mv | Mohamed, Marie Qi, Baolei Elgammal, Mohammed Elnahass, Marwa |
| dc.date.none.fl_str_mv | 2024-09-05 2025-02-27T11:46:53Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://dx.doi.org/10.1016/j.intfin.2024.102056 Marie, M., Qi, B., Elgammal, M., & Elnahass, M. (2024). A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?. Journal of International Financial Markets, Institutions and Money, 96, 102056. 1042-4431 https://www.sciencedirect.com/science/article/pii/S1042443124001227 http://hdl.handle.net/10576/63353 96 |
| dc.language.none.fl_str_mv | en |
| dc.publisher.none.fl_str_mv | Elsevier |
| dc.rights.none.fl_str_mv | http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | ESG performance Financial performance Sustainability activities Politically connected CEOs COVID-19 |
| dc.title.none.fl_str_mv | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This study examines how politically connected CEOs moderate the relationship between ESG and financial performance in Chinese A-share listed companies from 2015 to 2022. The results demonstrate that companies with strong ESG performance tend to have better financial performance. The connection between ESG performance and financial performance is influenced by the political ties of the CEO. Specifically, companies led by highly politically connected CEOs exhibit a weaker link between ESG practices and financial performance when compared with less politically affiliated firms. Our heterogeneity tests demonstrate that companies with low technology and cross-listing, along with companies audited by firms outside the Big 4 and led by highly politically connected CEOs, show a more significant impact of ESG practices on their financial performance compared to those with fewer political connections. Further examination reveals that political connections exacerbate the adverse effect of the environmental aspect on financial performance. This study contributes to the ongoing discussions surrounding ESG issues, especially in the context of Net-Zero and climate change actions following the international Climate Change Conferences (COPs). Overall, this study contributes valuable insights and policy implications into the multifaceted dynamics of ESG factors and their impact on corporate financial decisions. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | qu_64721ba8607e7ad7961f2e3890e4a76d |
| identifier_str_mv | Marie, M., Qi, B., Elgammal, M., & Elnahass, M. (2024). A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?. Journal of International Financial Markets, Institutions and Money, 96, 102056. 1042-4431 96 |
| language_invalid_str_mv | en |
| network_acronym_str | qu |
| network_name_str | Qatar University repository |
| oai_identifier_str | oai:qspace.qu.edu.qa:10576/63353 |
| publishDate | 2024 |
| publisher.none.fl_str_mv | Elsevier |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| spelling | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?Mohamed, MarieQi, BaoleiElgammal, MohammedElnahass, MarwaESG performanceFinancial performanceSustainability activitiesPolitically connected CEOsCOVID-19This study examines how politically connected CEOs moderate the relationship between ESG and financial performance in Chinese A-share listed companies from 2015 to 2022. The results demonstrate that companies with strong ESG performance tend to have better financial performance. The connection between ESG performance and financial performance is influenced by the political ties of the CEO. Specifically, companies led by highly politically connected CEOs exhibit a weaker link between ESG practices and financial performance when compared with less politically affiliated firms. Our heterogeneity tests demonstrate that companies with low technology and cross-listing, along with companies audited by firms outside the Big 4 and led by highly politically connected CEOs, show a more significant impact of ESG practices on their financial performance compared to those with fewer political connections. Further examination reveals that political connections exacerbate the adverse effect of the environmental aspect on financial performance. This study contributes to the ongoing discussions surrounding ESG issues, especially in the context of Net-Zero and climate change actions following the international Climate Change Conferences (COPs). Overall, this study contributes valuable insights and policy implications into the multifaceted dynamics of ESG factors and their impact on corporate financial decisions.Elsevier2025-02-27T11:46:53Z2024-09-05Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://dx.doi.org/10.1016/j.intfin.2024.102056Marie, M., Qi, B., Elgammal, M., & Elnahass, M. (2024). A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?. Journal of International Financial Markets, Institutions and Money, 96, 102056.1042-4431https://www.sciencedirect.com/science/article/pii/S1042443124001227http://hdl.handle.net/10576/6335396enhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:qspace.qu.edu.qa:10576/633532025-02-27T19:47:57Z |
| spellingShingle | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? Mohamed, Marie ESG performance Financial performance Sustainability activities Politically connected CEOs COVID-19 |
| status_str | publishedVersion |
| title | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| title_full | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| title_fullStr | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| title_full_unstemmed | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| title_short | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| title_sort | A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance? |
| topic | ESG performance Financial performance Sustainability activities Politically connected CEOs COVID-19 |
| url | http://dx.doi.org/10.1016/j.intfin.2024.102056 https://www.sciencedirect.com/science/article/pii/S1042443124001227 http://hdl.handle.net/10576/63353 |