Executives’ green experience and corporate ESG performance: Do government subsidies matter?

Yingjie Song and Jie Dong

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: This paper innovatively explores the impact of executives’ green experience on corporate environmental, social, and governance (ESG) performance, simultaneously highlights the moderating role of government subsidies. Using data on Chinese listed companies from 2009 to 2022, we find that companies hired executives with green experience perform better in ESG, and the positive effect of executives’ green experience is more pronounced in non-high-tech industries and eastern region. Specifically, education and practice experience both have contribution, and the education experience effects greater. In addition, we reveal the positive moderating role of government subsidies.

Keywords: Executives’ green experience; Corporate ESG performance; Government subsidies; Moderating effect (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011838

DOI: 10.1016/j.frl.2024.106154

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