Executives’ education: A catalyst for enhanced ESG disclosure

Yang Wan, Ziyi Hong, Wenqing Liu and Jiashuo Cui

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: High-quality ESG disclosure by firms is crucial for reducing capital costs and enhancing firms’ reputations. However, an under-explored factor in the literature is the impact of executives’ education on ESG disclosure. Using unique firm-level executives’ education data from 2012 to 2021, our study demonstrates that executives’ education can positively affect firms’ ESG disclosure, particularly in the context of social responsibility. This finding is robust to specifications considering the endogeneity issue and various alternative specifications. Moreover, our results reveal that executives with advanced degrees, such as master's or doctorate degrees, exhibit a greater propensity to promote ESG disclosure.

Keywords: Executives’ education; ESG disclosure; Education attainment; Social responsibility (search for similar items in EconPapers)
JEL-codes: G34 M21 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323008012
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323008012

DOI: 10.1016/j.frl.2023.104429

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().