the effect of esg on financial performance and firm value: the moderating role of ceo power in the ise مقاله

نویسنده: Ahmed، Saleh Mahdi Abd Ali ؛ Jasim، Faez Abdulhasan Jasim ؛ Soroushyar، Afsaneh ؛

نویسنده مسئول: Ali Ahmadi، saeid ؛

International Journal of Finance, Accounting and Economics Studies Spring 2024, Volume 5 - Number 1 ، C (دانشگاه آزاد (‎15 صفحه - از 71 تا 85 )

کلیدواژه ها: Financial performance Firm Value CEO Power ESG

چکیده:

Purpose:The purpose of the present study is to analyze the moderating impact of CEO power on the link between environmental, social and, governance (ESG) and financial performance and firm value in the Iraq Stock Exchange (ISE). Design/methodology/approach: With a sample of ISE covering 2013-2022, multivariate linear regression estimation was used to test the study hypotheses by panel data method. The study sample includes 440 firm-year observations (44 firms). the financial performance (FP) and firm value (FV) were used as dependent variables. ESG score and CEO power were used as independent and interaction variables, respectively. Findings:The research results indicate that the link between ESG and FP improves under the influence of CEO power. Also, the findings show that the power of the CEO has a significant impact on association between ESG score and FV. These results remained stable by performing robustness checks. The findings of the study confirmed the stakeholder theory. Accounting standards-setting and policymakers and investors can be among the users of the results of this study. Considering the significance of the impact of ESG disclosure on FP and FV, standards-setting and policymakers need to reform the disclosure regulations. Also, considering the positive and significant impact of the interaction variable of the CEO power on the link between ESG and FP (or ESG and FV), investors are advised to pay attention to the transparency and accountability of the firm. Originality/value: The critical contribution of this study is that it is one of the early studies that provides insight into the interaction impact of the power of the CEO on the link between ESG and FP (or ESG and FV) in Iraq’ emerging economy.

دریافت فایل ارجاع :
(پژوهیار, , , )

دانلود PDF
دانلود HTML

لینک کوتاه:

صفحه:

ورود / عضویت

برای مشاهده متن مقاله و یا دانلود آن لازم است وارد پایگاه شوید. در صورتی که عضو نیستید از قسمت عضویت اقدام فرمایید.

ورود

عضویت

تحتاج دخول لعرض محتوى المقالة. إذا لم تكن عضوًا ، فتابع من الجزء الاشتراک.
إن كنت لا تقدر علی شراء الاشتراك عبرPayPal أو بطاقة VISA، الرجاء ارسال رقم هاتفك المحمول إلی مدير الموقع عبر webmaster@noormags.com .

You need Sign in to view the content of the article. If you are not a member, proceed from part Sign up.
If you fail to purchase subscription via PayPal or VISA Card, please send your mobile number to the Website Administrator via webmaster@noormags.com .

ورود / عضویت

ورود

عضویت