Bridging Power and Policy: Political Connections as Moderators of <scp>CEO</scp> Traits and <scp>ESG</scp> Disclosure—A Resource Dependence and Upper Echelons Perspective
権力と政策の橋渡し：CEO特性とESG開示に対する政治的つながりの調整効果—資源依存とアッパー・エシュロン理論の観点から (AI 翻訳)
Esraa Esam Alharasis, Sajead Mowafaq Alshdaifat, Noor Hidayah Ab Aziz
🤖 gxceed AI 要約
日本語
本研究は、湾岸協力理事会（GCC）6カ国の非金融上場企業319社を対象に、CEOの特性（交代、兼任、性別）がESG開示に与える影響を分析。政治的つながりがCEO特性とESG開示の関係を弱める調整効果を持つことを発見。資源依存理論とアッパー・エシュロン理論を統合し、新興国におけるESG実践の理解に貢献。
English
This study examines how CEO attributes (turnover, duality, gender) influence ESG disclosure among 319 non-financial listed firms in six GCC countries from 2014-2023. It finds that political connections moderate this relationship, weakening the link between CEO traits and ESG scores, suggesting that politically connected CEOs rely less on ESG for legitimacy. The research integrates upper echelons theory and resource dependence theory, offering insights for emerging economies.
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
本論文はGCC諸国を対象としているが、日本企業においても政治的つながりがESG開示に影響する可能性を示唆する点で参考になる。特に、日本では業界団体や官民連携が強いため、CEOの政治コネクションが透明性に与える影響は今後のESG議論に示唆を与える。
In the global GX context
This paper contributes to global GX discourse by highlighting how political connections can undermine ESG disclosure quality, an underexplored dynamic in emerging markets. For international audiences, it underscores the need to consider governance factors like political ties when evaluating corporate ESG commitments, relevant for investors and standard-setters under frameworks like ISSB.
👥 読者別の含意
🔬研究者:Researchers in corporate governance and ESG can use this study to understand how political connections moderate CEO effects on disclosure, offering a new theoretical angle.
🏢実務担当者:Corporate sustainability teams in politically connected firms can assess risks of reduced transparency and align ESG strategies with governance best practices.
🏛政策担当者:Policymakers in emerging economies should monitor politically connected CEOs to ensure ESG accountability and prevent greenwashing.
📄 Abstract（原文）
ABSTRACT This study aims to examine the relationship between CEO attributes (i.e., turnover, duality, and gender) and ESG disclosure through the lens of ‘Upper Echelons Theory (UET)’. Furthermore, this study investigates whether ‘political connections (PC)’ moderate this relationship, based on ‘Resource Dependence Theory (RDT)’, which sees PC as a strategic asset for external support and power. Using a dataset of 319 non‐financial listed firms with 3190 firm‐years from six ‘Gulf Cooperation Council (GCC)’ countries covering the period 2014–2023, a fixed panel data regression model and two‐step GMM are used to improve the robustness of the results. According to UET, CEO attributes have a significant impact on ESG disclosure levels. However, the moderating effect of a politically connected CEO as a strategic resource in RBT reduces the firm's reliance on ESG disclosures for legitimacy. Given that PCs already have reputational benefits, the link between CEO characteristics and ESG scores is weakening. This study offers useful insights for organisations, policymakers, and the general public. The finding emphasises the importance of leadership traits in sustainability strategies, as well as policymakers' oversight of politically connected CEOs, as such ties may reduce transparency and undermine ESG accountability. To the best of the authors' knowledge, this study is among the first that investigates how PC influences the relationship between CEO attributes and ESG reporting in the GCC context. It fills a gap in the literature by focusing on emerging economies, where economic transitions, sociocultural factors, and growing global relevance make understanding ESG practices increasingly important.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1002/csr.70234first seen 2026-05-05 19:08:32
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