| Residential College | false |
| Status | 已召開Held |
| Do tunneling behaviors relate to environmental misconduct of firms? | |
FU XIAOQING
| |
| 2023-12-14 | |
| Start Date | 2023-12-14 |
| Subtype | 國際會議International Conferences |
| Other Abstract | Tunneling, as a form of principal–principal conflict, refers to the extraction of wealth by controlling shareholders. Literature has found that tunneling can undermine the firm performance in economic (e.g., profitability) and social aspects (e.g., corporate philanthropy). However, taking the triple-bottom-line perspective of firm performance, the environmental consequence of tunneling has been neglected. This study links tunneling behaviors to environmental misconduct and investigates how internal governance mechanisms may moderate the relationship. Using a sample of Chinese listed firms, we find that tunneling behaviors give rise to environmental misconduct. The positive association becomes weaker when there are properly designed board composition and managerial incentives, as indicated by larger board size, higher board education level, greater managerial cash compensation, and managerial stock ownership. This research employs a fresh perspective to understand the effect of tunneling on firm sustainability and discusses implications for corporate governance theory and practices in emerging markets. |
| Keyword | Tunneling, Environmental Misconduct, Corporate Governance, China, Listed Firms |
| Conference Place | Southampton, UK |
| Document Type | Conference |
| Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
| Recommended Citation GB/T 7714 | FU XIAOQING.Do tunneling behaviors relate to environmental misconduct of firms?[Z].2023. |
| Files in This Item: | There are no files associated with this item. | |||||
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