Dual Role Executives and Corporate Membership of Emission Trading Schemes: The Role of Board Structure
ABSTRACT This study examines the impact of CEO duality on the likelihood of corporate participation in an emissions trading scheme. The results indicate that firms led by dual‐role executives are less likely to participate in emissions trading schemes. However, we document that the core relationship is moderated by board composition, including board tenure, board size, the nationality mix of board members, and the proportion of independent directors. Firms' continent of operation and law of origin also affect the probability of joining emission trading schemes. Financing frictions such as bankruptcy risk, degree of financial constraint, and firm growth opportunities are also important considerations.
Authors
- Edward Jones (ORCID: https://orcid.org/0000-0001-9694-3086)
- Ibrahim Ayoade Adekunle (ORCID: https://orcid.org/0000-0001-9007-0296)
- Gbenga Adamolekun (ORCID: https://orcid.org/0000-0002-6540-1310)
- Segun Thompson Bolarinwa (ORCID: https://orcid.org/0000-0002-6024-6569)
Institutions
- University of East Anglia (GB)
- University of South Africa (ZA)
- Edinburgh Napier University (GB)
- Heriot-Watt University (GB)
- University of Pretoria (ZA)
Publication Details
- Journal
- Business Strategy and the Environment
- Published
- 2025-10-22
- DOI
- https://doi.org/10.1002/bse.70265
- Primary Topic
- Corporate Social Responsibility Reporting
- Type
- article
- Field-Weighted Citation Impact
- 0.00