Work

Dual Role Executives and Corporate Membership of Emission Trading Schemes: The Role of Board Structure

Year: 2025

Type: article

Abstract: 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.

Source: Business Strategy and the Environment

DOI: 10.1002/bse.70265

Authors: Ibrahim Ayoade Adekunle, Gbenga Adamolekun, Edward Jones, Segun Thompson Bolarinwa

Institutions: University of South Africa, Edinburgh Napier University, Heriot-Watt University, University of East Anglia

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $4,480

OpenAlex ID: W4415456167

FWCI: 5.362

Cites: 84

Cited by: 2

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