 Executive environmental experience and corporate ESG performance: Evidence from Chinese listed companiesMing Li, Xu Yang and Jade Shangguan Finance Research Letters, 2025, vol. 83, issue C Abstract: This study investigates the impact of executive environmental experience (EEE) on corporate environmental, social, and governance (ESG) performance. Using a dataset of 4900 publicly listed firms in China’s A-share market over the period from 2009 to 2023, the results show: (1) EEE has a significant positive effect on corporate ESG performance, with results remaining robust across various endogeneity and sensitivity tests. (2) Mediation analysis reveals that this effect is channelled through increased environmental investment and enhanced green innovation capacity. (3) Moderation analysis shows that the positive relationship between EEE and corporate ESG performance is strengthened when financing constraints are relaxed or information asymmetry is increased. (4) Heterogeneity analysis indicates that the effect of EEE on corporate ESG performance is more pronounced in state-owned enterprises (SOEs), non-high-pollution industries, and the non-east regions. These findings could carry important practical implications for executive selection and corporate sustainable governance. Keywords: Executive environmental experience; ESG performance; Mediation effect; Moderation effect (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:83:y:2025:i:c:s154461232500933x DOI: 10.1016/j.frl.2025.107674 Access Statistics for this article Finance Research Letters is currently edited by R. Gençay More articles in Finance Research Letters from Elsevier |
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