持续性
业务
可持续发展组织
会计
社会可持续性
企业社会责任
企业可持续发展
可持续性报告
公共关系
生态学
政治学
生物
作者
Peter Iliev,Lukas Roth
出处
期刊:Review of Finance
[Oxford University Press]
日期:2023-04-03
卷期号:27 (6): 2085-2123
被引量:28
摘要
Abstract We show that US firms increase their sustainability performance when their directors acquire expertise through their exposure to sustainability reforms in foreign countries where they serve as directors. Our results suggest that a board that gains sustainability expertise increases a firm’s overall sustainability performance by 7.1%. The increase in sustainability comes both from improvements in environmental and social practices. Directors also consider the tradeoffs between sustainability improvements and firm characteristics, with boards having a stronger impact on sustainability in firms from clean industries and firms that face fewer operational and financial constraints.
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