Browsing by Author "Trinh VQ"

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    Board gender diversity and firm-level climate change exposure: A global perspective
    (Elsevier Inc, 2023-07) Trinh VQ; Trinh HH; Nguyen THH; Vo XV
    This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we decompose the exposure into three components: exposures to opportunity, physical (e.g., sea level rises), and regulatory shocks (e.g., carbon taxes, cap and trade markets). Our critical mass analysis further confirms that boards with at least two female directors start having such a significant effect.
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    Top-management compensation and environmental innovation strategy
    (ERP Environment and John Wiley and Sons Ltd, 2023-05-18) Phung G; Trinh HH; Nguyen TH; Trinh VQ
    The increasing awareness of global climate change puts more pressure on firms to reduce their environmental externalities. Managers long ignored this responsibility, which may erode business profits, going against their traditional goals. In this study, we examine the effect of top management's extrinsic incentives (i.e., reward-driven motivation) on corporate environmental innovation strategy (i.e., eco-innovation) using a large dataset of S&P1500 non-financial firms for 2000–2020. The results indicate that firms with greater levels of top-management compensation exhibit higher scores of eco-innovation engagement. The effect holds after we address the endogeneity problem through the quasi-natural experiment using the difference-in-differences analysis on the event of the Paris Agreement 2015. Our further investigations reveal that such a positive impact of managerial incentives on eco-innovation is less intensified in the more polluting industries but more pronounced in more innovative ones.