Does Executives’ Compensation Stickiness Encourage Environmental Investments? An Environmental Attention-Based Perspective

Yeshen Liu, Zhengtang Zhang and Zhe Song

Emerging Markets Finance and Trade, 2024, vol. 60, issue 11, 2477-2496

Abstract: This study explores the influence of executives’ compensation stickiness (ECS) on environmental investments in Chinese heavily polluting enterprises from 2009 to 2021. We find that ECS increases environmental investments by enhancing executives’ environmental attention. This positive impact is more significant in non-state-owned enterprises compared to state-owned enterprises (SOEs) and is more pronounced in companies with weaker local environmental supervision, lower local environmental investments, and less media supervision. Moreover, ECS enhances accounting information quality following environmental investments and also promotes the improvement of environmental performance and corporate value after such investments.

Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2024.2324190 (text/html)
Access to full text is restricted to subscribers.

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:mes:emfitr:v:60:y:2024:i:11:p:2477-2496

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2024.2324190

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().