Volume 10, Number 1
The Influence of Senior Management Characteristics on New Corporate Social Responsibility
Authors
Ouyang, Zhongcheng , China
Abstract
This research investigates the influence of senior management characteristics, specifically executives' overseas experience, on the Environmental, Social, and Governance (ESG) performance of enterprises, aligning with the broader concept of the New Corporate Social Responsibility (CSR). Utilizing manually collected data on executives' overseas experience and corporate ESG metrics from the Bloomberg database for Chinese listed companies from 2014 to 2020, the study empirically demonstrates that executives with overseas experience significantly enhance the ESG performance of their firms. The findings also reveal a positive correlation between the proportion of executives with overseas experience in corporate leadership teams and improved ESG performance. This study further delves into management theory to examine how individual differences in executive characteristics can influence ethical decision-making and corporate social responsibility (CSR) actions. Overall, this research offers significant implications for both corporate practice and public policy.
Keywords
Senior Management Characteristics, Overseas Experience, Corporate Social Responsibility, ESG