Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29, 2023, Tianjin, China

Research Article

Managers' Overconfidence and ESG Performance: a Study on the Effects of Corporate Internal Governance

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  • @INPROCEEDINGS{10.4108/eai.27-10-2023.2342011,
        author={Qin  Yue and Meng  Yan and Chunan  Yue},
        title={Managers' Overconfidence and ESG Performance: a Study on the Effects of Corporate Internal Governance},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China},
        publisher={EAI},
        proceedings_a={ICEMBDA},
        year={2024},
        month={1},
        keywords={managers overconfidence; enterprise esg performance; internal and external governance},
        doi={10.4108/eai.27-10-2023.2342011}
    }
    
  • Qin Yue
    Meng Yan
    Chunan Yue
    Year: 2024
    Managers' Overconfidence and ESG Performance: a Study on the Effects of Corporate Internal Governance
    ICEMBDA
    EAI
    DOI: 10.4108/eai.27-10-2023.2342011
Qin Yue1, Meng Yan1,*, Chunan Yue2
  • 1: School of Management, Dalian Polytechnic University
  • 2: Dalian Neusoft University of Information
*Contact email: 815970591@qq.com

Abstract

From the perspective of behavioral finance, this paper takes China's A-share listed companies from 2013 to 2021 as the research object to explore the impact of the psychological trait of managers' overconfidence on the ESG performance of enterprises, and explores the improvement path of ESG performance from the perspective of corporate internal governance. It is found that there is a significant negative correlation between manager overconfidence and enterprise ESG performance, but internal control can effectively play the role of internal governance and significantly promote the improvement of enterprise ESG performance, and play a negative moderating role in the relationship between manager overconfidence and enterprise ESG performance. This paper enriches and expands the relevant research on the economic consequences of managers' overconfidence and the drivers of firm ESG performance, which has important theoretical significance.