Devos, Erik; Feng, Zifeng; Thompson, Linh; Wei, Zuobao - In: International review of economics & finance : IREF 94 (2024), pp. 1-19
We examine the relation between a firm's environmental, social, and governance (ESG) performance and its CEO's founder … exhibit superior ESG performance. We further document that founder CEOs impact firm ESG behavior through a reputation channel …. Specifically, founder CEOs invest significantly more in ESG activities in highly visible firms than non-founder CEOs. Founder CEOs …