Board Risk Oversight and Environmental and Social Responsibility
Autor: | Christopher D. Ittner, Carolyn Deller, Thomas Keusch, Hami Amiraslani |
---|---|
Rok vydání: | 2020 |
Předmět: |
History
Executive compensation Polymers and Plastics business.industry education Accounting humanities Industrial and Manufacturing Engineering health services administration Corporate social responsibility Business and International Management business Social responsibility health care economics and organizations Risk management |
Zdroj: | SSRN Electronic Journal. |
ISSN: | 1556-5068 |
Popis: | Risk oversight has emerged as an important responsibility of corporate boards. At the same time, firms are increasingly recognizing the risks that social and environmental issues pose to investors and stakeholders. In this study, we examine the relation between board risk oversight and firms’ environmental and social (E&S) ratings. Using proprietary data on the board risk oversight practices of firms from 29 countries, we show that firms with more robust risk oversight have higher E&S ratings, are more likely to integrate E&S issues into their strategies and executive compensation contracts, and ultimately experience better E&S outcomes. |
Databáze: | OpenAIRE |
Externí odkaz: |