UNRAVELLING THE INTERPLAY BETWEEN ESG-LINKED EXECUTIVE COMPENSATION, BOARD CLIMATE OVERSIGHT, AND CARBON DISCLOSURE
ESG連動役員報酬、取締役会の気候監視、炭素開示の相互作用の解明 (AI 翻訳)
Liu Na, Wan Nordin Wan‐Hussin, Chin Sok Fun
🤖 gxceed AI 要約
日本語
本研究は、中国A株上場企業を対象に、ESG連動役員報酬が炭素開示の質に与える影響と、取締役会の気候監視がその媒介要因となるかを検証した。2021年から2023年のパネルデータ分析により、ESG連動報酬は炭素開示の信頼性と透明性を高め、気候監視の設置を促進することが示された。さらに、気候監視が報酬と開示の関係を媒介することを明らかにした。投資家や規制当局は、気候関連の規制要件に応じて報酬とガバナンスの設計を見直す示唆を得られる。
English
This study examines whether ESG-linked executive compensation influences carbon disclosure quality in China's A-share listed firms, and whether board climate oversight mediates this relationship. Using panel data from 2021-2023, it finds that ESG-linked compensation positively affects disclosure credibility and transparency, and promotes the establishment of board climate oversight. The mediation analysis reveals that climate oversight serves as a governing mechanism linking compensation to disclosure practices. The findings offer implications for investors, regulators, and boards in adjusting climate governance and incentive structures.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示基準や有報での気候関連開示が進む中、役員報酬と気候ガバナンスの連動はコーポレートガバナンス改革の焦点。本研究成果は、日本企業が取締役会の気候監視機能を強化し、開示品質を高めるためのエビデンスとなる。
In the global GX context
Globally, as ISSB and CSRD mandates expand, linking executive compensation to ESG metrics is gaining traction. This study provides empirical evidence from China that such compensation, combined with board climate oversight, improves carbon disclosure quality. It offers insights for global boards and regulators on designing effective climate governance and incentive alignment.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the mediating role of board climate oversight in the ESG-compensation-disclosure nexus, useful for governance and disclosure research.
🏢実務担当者:Corporate boards and sustainability teams can use findings to justify integrating climate oversight and ESG-linked incentives to enhance disclosure credibility.
🏛政策担当者:Regulators can consider promoting board-level climate governance and ESG-linked compensation to improve corporate carbon transparency.
📄 Abstract（原文）
This study explores whether ESG-linked executive compensation influences carbon reporting by China's A-share listed firms and whether this influence is mediated by board-level climate governance. Based on stakeholder theory, agency theory, and upper echelons theory, the study suggests that ESG-linked executive compensation positively affects carbon disclosure quality and that board-level climate governance mediates this relationship, reinforcing the effect of ESG-linked incentives on disclosure practices. The study of firm-level panel data spanning 2021 to 2023 indicates that companies with ESG-linked executive compensation tend to have credible and transparent carbon disclosures. Furthermore, ESG-linked executive compensation pushes companies to establish board climate oversight, and board climate oversight helps the quality of disclosure outcomes. The findings show that board climate oversight functions as a mediator that connects ESG-linked executive compensation with carbon disclosure practices. The mediation results show that ESG-linked executive compensation affects carbon reporting through two separate channels. Board climate oversight is seen as the governing mechanism that connects the two channels. The results of this research suggest that investors, regulators and boards can consider readjusting their climate practices in response to new regulatory requirements.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.32890/ijbf2026.21.2.8first seen 2026-08-08 05:06:44
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。