Top management team functional diversity and ESG performance

Yanan Zhang and Xiaoyu Zhang

Finance Research Letters, 2024, vol. 63, issue C

Abstract: This paper investigates the effect of top management team (TMT) functional diversity on ESG performance, utilizing data from Chinese A-share listed companies spanning 2009 to 2022. The study finds that TMT functional diversity positively influences ESG performance, with this positive impact predominantly observed in non-state-owned enterprises, firms from low pollution industry, and those with better external governance. Further analysis indicates that improvements in green management innovation and green technology innovation serve as underlying mechanisms.

Keywords: TMT functional diversity; ESG performance; Green management innovation; Green technology innovation (search for similar items in EconPapers)
JEL-codes: G34 M14 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324003921
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:63:y:2024:i:c:s1544612324003921

DOI: 10.1016/j.frl.2024.105362

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 ().