Do CEO characteristics and compensation structure influence firms' eco-efficiency performance?

  • 朱 軒儀

Student thesis: Master's Thesis

Abstract

This thesis examines how CEO’s characteristics and their compensation structure affect their firms’ eco-efficiency performance Among the many scopes CSR involves we only focus on the environmental scope and use eco-efficiency as a proxy variable of firms’ environmental performance The sample consists of 205 U S firms during the period from 1992 to 2012 which accounts to 1 835 firm-year observations We find that are that younger or female CEOs performance tend to show better eco-efficiency Furthermore the compensation disparity between CEOs and top executives has a significant negative relation with eco-efficiency while CEOs’ equity-based compensation shows a significant positive effect on eco-efficiency We also identify the global financial crisis did have influence on firm’s performance of eco-efficiency The results of thesis might provide implications for firms on their board member structure and compensation scheme for their CEOs
Date of Award2014 Aug 7
Original languageEnglish
SupervisorMeng-Feng Yen (Supervisor)

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