EconPapers    
Economics at your fingertips  
 

CEO Greed and Firms' Environmental Performance in Environmentally Sensitive Sectors of China

Saif-Ur-Rehman, Elgiliani Elshareif and Hashim Khan
Additional contact information
Saif-Ur-Rehman: Canadian University Dubai, UAE
Elgiliani Elshareif: Canadian University Dubai, UAE
Hashim Khan: COMSATS University Islamabad, Pakistan

International Journal of Asian Business and Information Management (IJABIM), 2023, vol. 14, issue 1, 1-30

Abstract: In the current study, the authors explored how CEO greed concerning bonuses and rewards on restricted stock affects a firm's environmental performance (EP) in environmentally sensitive sectors of China. Moreover, they empirically tested the constraining role of the quad director on the relationship between CEO greed and EP. Findings indicate that (a) CEO greed negatively affects the strategic firm's environmental performance, particularly the negative relation is augmented by the person-pay interactionism rationale (bonus), (b) the presence of one quad director in the board does not constrain CEO greed and EP negative relation, and (c) the presence of two or more quad directors in the board significantly constraints the negative relation between CEO greed and EP. Thus, having at least two quad directors is more effective than combining directors with multiple features. Our results are robust to different CEOs' power dynamics. Our research has important practical implications for corporate governance and business strategy formulation.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/ijabim.318473 (application/pdf)

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:igg:jabim0:v:14:y:2023:i:1:p:1-30

Access Statistics for this article

International Journal of Asian Business and Information Management (IJABIM) is currently edited by Patricia Ordóñez de Pablos

More articles in International Journal of Asian Business and Information Management (IJABIM) from IGI Global
Bibliographic data for series maintained by Journal Editor ().

 
Page updated 2025-03-19
Handle: RePEc:igg:jabim0:v:14:y:2023:i:1:p:1-30