Board monitoring effectiveness and corporate sustainability performance: do legal system and CEO non-duality matter?

被引：0
|
作者：
Siew Peng Lee
机构：
[1] Universiti Tunku Abdul Rahman,Faculty of Accountancy and Management
来源：
Review of Managerial Science | 2023年 / 17卷
关键词：
Corporate sustainability performance; Corporate governance; Board monitoring effectiveness; Agency theory; Resource dependence theory; Stakeholder theory; M14;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Using a cross-sectional dataset comprising 749 firms from 13 countries in Asia Pacific markets, this study examines the effect of board monitoring effectiveness (BME) on corporate sustainability performance (CSP). This study also investigates how BME and the country’s legal system, and BME and CEO non-duality leadership interact to influence CSP. The results reveal that BME positively affects CSP, suggesting that strengthening board monitoring effectiveness will lead to a greater drive towards firms’ sustainable business conduct. This study also finds that firms from countries with civil law system and firms practicing CEO non-duality leadership would enhance the impact of BME on CSP. Additionally, the effect of BME on CSP is more pronounced among non-duality firms operating in countries with civil law regime. The findings are consistent and robust to two different measures of CSP.
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页码：1243 / 1267
页数：24
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