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Enhancing the corporate social & environmental responsibility of Chinese energy enterprises: A view from the role of management compensation incentive

Business

Enhancing the corporate social & environmental responsibility of Chinese energy enterprises: A view from the role of management compensation incentive

J. He, J. Li, et al.

This groundbreaking study by Jiaxin He, Jingyi Li, and Xing Chen reveals how management salary incentives significantly bolster corporate social and environmental responsibility in Chinese energy enterprises from 2010 to 2021, while also uncovering the surprising negative impact of equity incentives. Don't miss this insightful research that calls for strategic changes in management compensation to enhance CSR.

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Playback language: English
Abstract
This paper explores the causal effects of management compensation incentives on corporate social and environmental responsibility (CSR & CER) of Chinese energy enterprises from 2010 to 2021. Using panel data and instrumental variable estimation, the study finds that management salary incentives significantly promote CSR and CER, while equity incentives have a negative effect. Industry and ownership differences are noted, with negative equity incentive impacts being more pronounced in the electricity and environmental industry, and salary incentives having a greater positive effect on CSR for state-owned enterprises. The study suggests focusing on salary incentives and reducing equity incentives for managers, and government attention to the development of state-owned energy enterprises.
Publisher
Humanities and Social Sciences Communications
Published On
Feb 06, 2024
Authors
Jiaxin He, Jingyi Li, Xing Chen
Tags
management compensation
corporate social responsibility
environmental responsibility
Chinese energy enterprises
salary incentives
equity incentives
panel data
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