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The Effects of Sustainable Corporate...

Develay, Etienne.

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The Effects of Sustainable Corporate Governance Mechanisms on CEOs' Incentives: Evidence from the United States.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The Effects of Sustainable Corporate Governance Mechanisms on CEOs' Incentives: Evidence from the United States./
作者:	Develay, Etienne.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2023,
面頁冊數:	234 p.
附註:	Source: Dissertations Abstracts International, Volume: 85-12, Section: A.
Contained By:	Dissertations Abstracts International85-12A.
標題:	Research ethics. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31150807
ISBN:	9798383021439

The Effects of Sustainable Corporate Governance Mechanisms on CEOs' Incentives: Evidence from the United States.
Develay, Etienne.

The Effects of Sustainable Corporate Governance Mechanisms on CEOs' Incentives: Evidence from the United States. - Ann Arbor : ProQuest Dissertations & Theses, 2023 - 234 p.

Source: Dissertations Abstracts International, Volume: 85-12, Section: A.

Thesis (Ph.D.)--Nottingham Trent University (United Kingdom), 2023.

Despite regulatory efforts to increase transparency and reduce corporate misconduct, environmental, social, and governance (ESG) failures persist, while society's demand for more sustainability grows. This situation challenges the traditional role of accounting and corporate governance by pushing corporations to communicate more non-financial information alongside financial information. Accordingly, researchers have called for the development of an integrated corporate governance model to effectively disseminate information to all legitimate stakeholders while advancing sustainability objectives. This thesis seeks to address this pressing issue by examining the components of a corporate governance model that aligns with the principles of sustainability and evaluating the extent to which they influence chief executive officers' (CEO) incentives. Through three empirical studies, it delves into the effects of three sustainable corporate governance mechanisms (regulation, CEO compensation, and the board of directors). Drawing on the stakeholder-agency theory, this thesis employs quantitative methods to analyse a sample of US listed companies from the Russell 3,000 index over the last decade. Chapter 5 examines the impact of regulation on CEO incentives by examining the mediating role of shareholder say on pay votes in the relationship between CEO-to-worker pay disparities and CEO compensation. Chapter 6 investigates the influence of the type of ESG targets (general or material) in CEO compensation contracts on corporate financial and non-financial performance. Chapter 7 studies the structure and effectiveness of sub-board corporate social responsibility (CSR) committees in shaping the inclusion of ESG targets in CEO compensation contracts. Findings reveal that these mechanisms enhance CEO accountability by ensuring the flow of information to all legitimate stakeholders, fostering relationships that align business models more closely with sustainability principles. However, they also have limitations and potential unintended consequences that require caution. Overall, this thesis demonstrates the importance of sustainable corporate governance in promoting success for all legitimate stakeholders by pushing CEOs to consider the interdependence between corporations, society, and the environment. This thesis contributes to the literature on corporate governance and sustainability by exploring the nuances of sustainable corporate governance and has theoretical and practical implications relevant for academics, practitioners, and regulators.

ISBN: 9798383021439Subjects--Topical Terms:

3699780
Research ethics.

The Effects of Sustainable Corporate Governance Mechanisms on CEOs' Incentives: Evidence from the United States.
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