CEO characteristics and water disclosure: Multi-country evidence

This study aimed to examine the effects of gender, foreign Chief Executive Officer (CEO), and impression management on water disclosure, with ownership as a moderating variable. The study uses unbalanced data from 1,329 firm-year observations spanning 2018–2022. The results showed that women, foreig...

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Main Authors: Arif Santoso, Doddy Setiawan
Format: Article
Language:English
Published: Elsevier 2024-12-01
Series:Sustainable Futures
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666188824001710
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author Arif Santoso
Doddy Setiawan
author_facet Arif Santoso
Doddy Setiawan
author_sort Arif Santoso
collection DOAJ
description This study aimed to examine the effects of gender, foreign Chief Executive Officer (CEO), and impression management on water disclosure, with ownership as a moderating variable. The study uses unbalanced data from 1,329 firm-year observations spanning 2018–2022. The results showed that women, foreign CEO, and impression management, increased water disclosure. Meanwhile, ownership reduced the relationship between CEO characteristics and water disclosure. This research established a causal effect between the two variables, supporting the Upper Echelons Theory. The robustness of the results was checked by changing the regression model, water disclosure measurement, impact of COVID-19, lagged regression, and heckman two-stage.
format Article
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institution Kabale University
issn 2666-1888
language English
publishDate 2024-12-01
publisher Elsevier
record_format Article
series Sustainable Futures
spelling doaj-art-8981d14976224a14b899a19a470561992024-12-18T08:52:37ZengElsevierSustainable Futures2666-18882024-12-018100322CEO characteristics and water disclosure: Multi-country evidenceArif Santoso0Doddy Setiawan1Master of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, IndonesiaDepartment of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia; Corresponding author.This study aimed to examine the effects of gender, foreign Chief Executive Officer (CEO), and impression management on water disclosure, with ownership as a moderating variable. The study uses unbalanced data from 1,329 firm-year observations spanning 2018–2022. The results showed that women, foreign CEO, and impression management, increased water disclosure. Meanwhile, ownership reduced the relationship between CEO characteristics and water disclosure. This research established a causal effect between the two variables, supporting the Upper Echelons Theory. The robustness of the results was checked by changing the regression model, water disclosure measurement, impact of COVID-19, lagged regression, and heckman two-stage.http://www.sciencedirect.com/science/article/pii/S2666188824001710CEO characteristicsCEO ownershipImpression managementUpper echelons theoryWater disclosure
spellingShingle Arif Santoso
Doddy Setiawan
CEO characteristics and water disclosure: Multi-country evidence
Sustainable Futures
CEO characteristics
CEO ownership
Impression management
Upper echelons theory
Water disclosure
title CEO characteristics and water disclosure: Multi-country evidence
title_full CEO characteristics and water disclosure: Multi-country evidence
title_fullStr CEO characteristics and water disclosure: Multi-country evidence
title_full_unstemmed CEO characteristics and water disclosure: Multi-country evidence
title_short CEO characteristics and water disclosure: Multi-country evidence
title_sort ceo characteristics and water disclosure multi country evidence
topic CEO characteristics
CEO ownership
Impression management
Upper echelons theory
Water disclosure
url http://www.sciencedirect.com/science/article/pii/S2666188824001710
work_keys_str_mv AT arifsantoso ceocharacteristicsandwaterdisclosuremulticountryevidence
AT doddysetiawan ceocharacteristicsandwaterdisclosuremulticountryevidence