Chief executive officer narcissism, power and sustainable development goals reporting: An empirical analysis

IF 12.5 1区管理学 Q1 BUSINESS Business Strategy and The Environment Pub Date : 2024-07-22 DOI:10.1002/bse.3889

Benjamin Awuah, Hany Elbardan, Hassan Yazdifar

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Abstract

Grounded in both agency and upper echelons perspectives, this paper examines the effects of chief executive officer (CEO) narcissism and power on corporate reporting on the Sustainable Development Goals (SDGs). We theorise that CEOs' narcissistic tendencies and power will influence their firms' SDGs engagement and reporting practices. We also examine whether SDGs reporting affects firm performance. Based on a sample of FTSE 100 companies for the period 2018–2022, we test our ideas using generalised estimating equations. The results show that CEO narcissism is positively related to SDGs reporting; however, this effect is weaker in firms led by older narcissistic CEOs. Further, CEO power is negatively associated with SDGs reporting, suggesting that firms led by powerful CEOs are reluctant to integrate the SDGs. Finally, corporate SDGs reporting lacks any value-enhancing effect on firm performance, supporting the symbolic perspective of sustainability management. Our results contribute to the literature on SDGs accounting and enrich our understanding of the underlying dynamics shaping corporate disclosure practices.

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首席执行官的自恋、权力和可持续发展目标报告：实证分析

本文以代理和高层视角为基础，研究了首席执行官（CEO）的自恋和权力对企业报告可持续发展目标（SDGs）的影响。我们认为，首席执行官的自恋倾向和权力会影响其公司的可持续发展目标参与和报告实践。我们还研究了可持续发展目标报告是否会影响公司业绩。基于 2018-2022 年期间富时 100 指数公司的样本，我们使用广义估计方程检验了我们的观点。结果表明，首席执行官的自恋与可持续发展目标报告呈正相关；但是，在由年长的自恋型首席执行官领导的公司中，这种影响较弱。此外，首席执行官的权力与可持续发展目标报告呈负相关，这表明由有权力的首席执行官领导的公司不愿意纳入可持续发展目标。最后，公司的可持续发展目标报告对公司业绩没有任何价值提升作用，这支持了可持续发展管理的象征性视角。我们的研究结果为有关可持续发展目标会计的文献做出了贡献，并丰富了我们对影响企业信息披露实践的内在动力的理解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.