• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKIGoogle ScholarCrossref
    • Article Processing Charge (APC): 500 USD
    • E-mail: joebm.editor@gmail.com
JOEBM 2024 Vol.12(1): 45-49
DOI: 10.18178/joebm.2024.12.1.774

An Empirical Study of Independent Director Network and ESG Performance

Xi Yuan
School of Management, Jinan University, Guangzhou, China
Email: yx17707493646@163.com (X.Y.)

Manuscript received December 7, 2023; revised January 14, 2024; accepted February 6, 2024; published February 23, 2024.

Abstract—Based on the data of Chinese listed companies from 2009 to 2022, this study empirically tests the impact of independent director network centrality on corporate Environmental, Social, and Governance (ESG) performance, and explores the moderating effects of the nature of property rights and media attention. our results suggest that: (1) The higher the network centrality of independent directors, the better the ESG performance of the company. (2) The independent director network can promote the environmental, social, and governance dimensions separately. (3) The impact of independent director network centrality on corporate ESG performance is more obvious in state-owned enterprises and companies with higher media attention. This study not only expands the influencing factors of ESG performance but also enriches the research on the non-economic consequences of the independent director network. The research provides a useful reference for enterprises to achieve sustainable development.

Keywords—independent director network centrality, Environmental Social and Governance (ESG), nature of property rights, media attention

Cite: Xi Yuan, "An Empirical Study of Independent Director Network and ESG Performance," Journal of Economics, Business and Management, vol. 12, no. 1, pp. 45-49, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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