{"id":"https://openalex.org/W4404457971","doi":"https://doi.org/10.1057/s41599-024-04094-y","title":"Is executive compensation aligned with the company\u2019s ESG objectives? Evidence from Chinese listed companies based on the PSM-DID approach","display_name":"Is executive compensation aligned with the company\u2019s ESG objectives? Evidence from Chinese listed companies based on the PSM-DID approach","publication_year":2024,"publication_date":"2024-11-17","ids":{"openalex":"https://openalex.org/W4404457971","doi":"https://doi.org/10.1057/s41599-024-04094-y"},"language":"en","primary_location":{"id":"doi:10.1057/s41599-024-04094-y","doi":"https://doi.org/10.1057/s41599-024-04094-y","is_oa":true,"landing_page_url":"https://doi.org/10.1057/s41599-024-04094-y","pdf_url":null,"source":{"id":"https://openalex.org/S4210206302","display_name":"Humanities and Social Sciences Communications","issn_l":"2055-1045","issn":["2055-1045","2662-9992"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Humanities and Social Sciences Communications","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1057/s41599-024-04094-y","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103102269","display_name":"Tiantian Meng","orcid":"https://orcid.org/0009-0006-4638-9009","observed_orcids":["https://orcid.org/0009-0006-4638-9009"]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]},{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN","MY"],"is_corresponding":false,"raw_author_name":"Tiantian Meng","raw_affiliation_strings":["School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia","Shanghai University of Finance and Economics Zhejiang College, Shanghai, China"],"raw_orcid":"https://orcid.org/0009-0006-4638-9009","affiliations":[{"raw_affiliation_string":"School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]},{"raw_affiliation_string":"Shanghai University of Finance and Economics Zhejiang College, Shanghai, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Dan Lu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405279637","display_name":"Sichuan Technology and Business University","ror":"https://ror.org/01sr0fc56","country_code":"CN","type":"education","lineage":["https://openalex.org/I4405279637"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Dan Lu","raw_affiliation_strings":["Sichuan Technology and Business University, Chengdu, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sichuan Technology and Business University, Chengdu, China","institution_ids":["https://openalex.org/I4405279637"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5041713245","display_name":"Danni Yu","orcid":"https://orcid.org/0000-0002-6817-3966","observed_orcids":["https://orcid.org/0000-0002-6817-3966"]},"institutions":[{"id":"https://openalex.org/I4210150411","display_name":"Shandong Youth University of Political Science","ror":"https://ror.org/04bwp4t29","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210150411"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Danni Yu","raw_affiliation_strings":["Shandong Youth University of Political Science, Jinan, China"],"raw_orcid":"https://orcid.org/0000-0002-6817-3966","affiliations":[{"raw_affiliation_string":"Shandong Youth University of Political Science, Jinan, China","institution_ids":["https://openalex.org/I4210150411"]}]},{"author_position":"middle","author":{"id":null,"display_name":"M. H. Yahya","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"M. H. Yahya","raw_affiliation_strings":["School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]}]},{"author_position":"last","author":{"id":null,"display_name":"Mohd Ashhari Zariyawati","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Mohd Ashhari Zariyawati","raw_affiliation_strings":["School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business & Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4405279637"],"apc_list":{"value":1690,"currency":"USD","value_usd":1690},"apc_paid":{"value":1690,"currency":"USD","value_usd":1690},"fwci":2.9915,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.90896046,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"11","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.8500999808311462,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.8500999808311462,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.10760000348091125,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.020999999716877937,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.9990000128746033},{"id":"https://openalex.org/keywords/esg-practices","display_name":"ESG practices","score":0.9629999995231628},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.5339999794960022},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.8379999995231628},{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.8320000171661377},{"id":"https://openalex.org/keywords/corporate-reputation","display_name":"corporate reputation","score":0.9200000166893005},{"id":"https://openalex.org/keywords/investor-relations","display_name":"investor relations","score":0.9990000128746033},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.6809999942779541},{"id":"https://openalex.org/keywords/incentive-mechanisms","display_name":"incentive mechanisms","score":0.7799999713897705},{"id":"https://openalex.org/keywords/chinese-listed-companies","display_name":"Chinese listed companies","score":0.9340000152587891}],"concepts":[{"id":"https://openalex.org/C151392489","wikidata":"https://www.wikidata.org/wiki/Q5419946","display_name":"Executive compensation","level":3,"score":0.8454411029815674},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6866557598114014},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5690361261367798},{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.5357528924942017},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.29516106843948364},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.21804270148277283},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19088008999824524},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.05581539869308472}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1057/s41599-024-04094-y","doi":"https://doi.org/10.1057/s41599-024-04094-y","is_oa":true,"landing_page_url":"https://doi.org/10.1057/s41599-024-04094-y","pdf_url":null,"source":{"id":"https://openalex.org/S4210206302","display_name":"Humanities and Social Sciences Communications","issn_l":"2055-1045","issn":["2055-1045","2662-9992"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Humanities and Social Sciences Communications","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-04094-y","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1057/s41599-024-04094-y","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:9a74935ff9e64bcc9bfd04109515e629","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/9a74935ff9e64bcc9bfd04109515e629","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Humanities & Social Sciences Communications, Vol 11, Iss 1, Pp 1-15 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1057/s41599-024-04094-y","doi":"https://doi.org/10.1057/s41599-024-04094-y","is_oa":true,"landing_page_url":"https://doi.org/10.1057/s41599-024-04094-y","pdf_url":null,"source":{"id":"https://openalex.org/S4210206302","display_name":"Humanities and Social Sciences Communications","issn_l":"2055-1045","issn":["2055-1045","2662-9992"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Humanities and Social Sciences Communications","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":92,"referenced_works":["https://openalex.org/W1577500128","https://openalex.org/W1820383004","https://openalex.org/W1966816881","https://openalex.org/W1975788149","https://openalex.org/W1978751571","https://openalex.org/W1988626199","https://openalex.org/W2002823192","https://openalex.org/W2004463963","https://openalex.org/W2007478182","https://openalex.org/W2007872900","https://openalex.org/W2030351515","https://openalex.org/W2033956816","https://openalex.org/W2063503639","https://openalex.org/W2064204457","https://openalex.org/W2066735350","https://openalex.org/W2093834552","https://openalex.org/W2101194190","https://openalex.org/W2108267835","https://openalex.org/W2121588178","https://openalex.org/W2130027814","https://openalex.org/W2131171232","https://openalex.org/W2135241016","https://openalex.org/W2141078480","https://openalex.org/W2141958938","https://openalex.org/W2149668926","https://openalex.org/W2164639462","https://openalex.org/W2211074832","https://openalex.org/W2287669799","https://openalex.org/W2316606906","https://openalex.org/W2333930280","https://openalex.org/W2333981896","https://openalex.org/W2480792895","https://openalex.org/W2516661252","https://openalex.org/W2527283871","https://openalex.org/W2695188742","https://openalex.org/W2794928450","https://openalex.org/W2806616425","https://openalex.org/W2891965021","https://openalex.org/W2905509239","https://openalex.org/W2920582597","https://openalex.org/W2953210482","https://openalex.org/W2959063352","https://openalex.org/W2965291833","https://openalex.org/W2982577888","https://openalex.org/W3018029045","https://openalex.org/W3044042843","https://openalex.org/W3121516428","https://openalex.org/W3121734384","https://openalex.org/W3122136669","https://openalex.org/W3122330270","https://openalex.org/W3122389139","https://openalex.org/W3122843332","https://openalex.org/W3123091495","https://openalex.org/W3123341076","https://openalex.org/W3123466493","https://openalex.org/W3123703439","https://openalex.org/W3124070742","https://openalex.org/W3124123998","https://openalex.org/W3124188395","https://openalex.org/W3124384052","https://openalex.org/W3124994146","https://openalex.org/W3125122658","https://openalex.org/W3125326244","https://openalex.org/W3125460699","https://openalex.org/W3125481893","https://openalex.org/W3125499115","https://openalex.org/W3125579869","https://openalex.org/W3128871793","https://openalex.org/W3135135111","https://openalex.org/W3147154088","https://openalex.org/W3148854950","https://openalex.org/W3157255720","https://openalex.org/W4210814742","https://openalex.org/W4210817964","https://openalex.org/W4223544134","https://openalex.org/W4224589300","https://openalex.org/W4230480526","https://openalex.org/W4281296357","https://openalex.org/W4283828534","https://openalex.org/W4284991101","https://openalex.org/W4289516052","https://openalex.org/W4300104600","https://openalex.org/W4304778188","https://openalex.org/W4309328282","https://openalex.org/W4360938410","https://openalex.org/W4366779870","https://openalex.org/W4367670103","https://openalex.org/W4376618017","https://openalex.org/W4382539033","https://openalex.org/W4385562458","https://openalex.org/W4387300116","https://openalex.org/W4387644026"],"related_works":["https://openalex.org/W4382539033","https://openalex.org/W4405010723","https://openalex.org/W4411965825","https://openalex.org/W4398255411","https://openalex.org/W4413266779","https://openalex.org/W4390692116","https://openalex.org/W7156973871","https://openalex.org/W4361278970","https://openalex.org/W4405389532","https://openalex.org/W4399604515"],"abstract_inverted_index":{"Fundamental":[0],"principles":[1],"of":[2,28,49,107,124,253],"agency":[3],"theory":[4],"and":[5,42,45,69,96,145,157,171,190,220,260,290,301],"incentive":[6],"mechanisms":[7,48],"suggest":[8],"that":[9,104,283],"executive":[10,26,62,113,128,158,223,272,302],"compensation":[11,27,129],"should":[12,285],"align":[13],"with":[14,37,61],"a":[15,65,71,153,165,249,254,297],"company\u2019s":[16,154,255,298],"developmental":[17],"goals.":[18],"This":[19],"paper":[20,210,276],"aims":[21],"to":[22,138,184,197,235],"explore":[23],"whether":[24],"the":[25,32,46,53,74,83,101,118,121,150,209,275,294],"listed":[29,109,216],"companies":[30,110,195,217],"in":[31,73,134,180,271],"Chinese":[33,108,215],"capital":[34],"market":[35],"aligns":[36],"their":[38,199],"ESG":[39,59,105,125,155,181,200,227,231,267,299],"(Environmental,":[40],"Social,":[41],"Governance)":[43],"practices,":[44],"underlying":[47],"this":[50,56,203,243],"influence.":[51],"For":[52],"first":[54],"time,":[55],"study":[57,102],"integrates":[58],"practices":[60,106,126,156,182,232,268,300],"compensation,":[63,114],"creating":[64],"novel":[66],"analytical":[67],"framework":[68],"filling":[70],"gap":[72],"existing":[75],"literature.":[76],"Employing":[77],"empirical":[78],"research":[79],"methods":[80],"such":[81],"as":[82,164,175,194],"PSM-DID":[84],"(Propensity":[85],"Score":[86],"Matching":[87],"\u2013":[88],"Difference-in-differences)":[89],"model,":[90,93],"fixed":[91],"effects":[92],"heterogeneity":[94],"analysis,":[95],"tests":[97],"for":[98,280],"mediating":[99],"effects,":[100],"concludes":[103],"significantly":[111],"increase":[112],"demonstrating":[115],"consistency":[116],"between":[117,152,188,296],"two.":[119],"Additionally,":[120],"beneficial":[122],"impact":[123],"on":[127,293],"incentives":[130],"is":[131],"more":[132,250,287],"pronounced":[133],"state-owned":[135],"enterprises":[136],"compared":[137],"non-state-owned":[139],"ones.":[140],"Financial":[141],"performance,":[142,257],"company":[143,169],"reputation,":[144],"investor":[146,172],"relations":[147,173],"partially":[148],"mediate":[149],"relationship":[151,295],"compensation.":[159,273,303],"Specifically,":[160],"financial":[161],"performance":[162],"acts":[163],"negative":[166],"mediator,":[167],"while":[168],"reputation":[170],"serve":[174],"positive":[176],"mediators.":[177],"Initially,":[178],"participation":[179],"tends":[183],"exacerbate":[185],"\u2018income":[186,204],"inequality\u2019":[187,205],"executives":[189],"other":[191],"employees.":[192],"However,":[193],"continue":[196],"enhance":[198],"practice":[201],"levels,":[202],"gradually":[206],"diminishes.":[207],"Finally,":[208],"offers":[211],"several":[212],"suggestions:":[213],"Firstly,":[214],"can":[218,247],"attract":[219],"retain":[221],"top":[222],"talents":[224],"by":[225,264],"strengthening":[226],"practices.":[228],"Although":[229],"initial":[230],"may":[233],"lead":[234],"pay":[236],"imbalances,":[237],"long-term":[238],"involvement":[239],"will":[240],"help":[241],"reduce":[242],"disparity.":[244],"Secondly,":[245],"investors":[246],"conduct":[248],"comprehensive":[251],"assessment":[252],"future":[256],"governance":[258],"structure,":[259],"corporate":[261],"social":[262],"responsibility":[263],"analyzing":[265],"how":[266],"are":[269],"reflected":[270],"Lastly,":[274],"provides":[277],"valuable":[278],"insights":[279],"policymakers,":[281],"suggesting":[282],"regulators":[284],"develop":[286],"targeted":[288],"policies":[289],"guidelines":[291],"based":[292]},"counts_by_year":[{"year":2026,"cited_by_count":9},{"year":2025,"cited_by_count":5}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2024-11-18T00:00:00"}
