女性經理人與氣候變遷

Female CEOs and Climate Change Exposure

10.6504/JMBR.202409_41(3).0004

許雅惇(Ya-Tun Hsu)；劉佳東(Jia-Dong Liu)；彭淑卿(Shu-Cing Peng)

企業社會責任 ； 女性經理人 ； 氣候變遷 ； Corporate Social Responsibility ； Climate Change ； Female CEO

管理學報

41卷3期（2024 / 09 / 01）

357 - 386

繁體中文;英文

本研究主要探討女性高階經理人與氣候變遷之間的關係，即性別造成的決策差異是否也會反應在氣候變遷議題上。本文探討女性高階經理人是否相對男性高階經理人重視氣候變遷議題、風險及機會，並延伸探討關注氣候變遷議題、風險、機會的女性高階經理人在合作夥伴上，供應商、客戶、併購對象的選擇，是否也會傾向去挑選較重視氣候變遷的來合作。實證結果顯示，女性經理人對於氣候變遷議題更加關注；女性經理人在選擇合作夥伴（供應商、客戶、併購對象）時會選擇氣候變遷政策風險較低做為合作夥伴；女性經理人在持有更多現金時，其對氣候變遷的態度與男性經理人沒有顯著差異。本研究使用公司固定效果、雙重差分法及兩階段最小平方法，以解決女性高階經理人與氣候變遷的潛在內生性問題。

This study examines whether gender differences play a role in climate related issues. We find that female chief executive officers (CEOs) pay significantly more attention to climate related issues such as regulatory risk, physical risk, and opportunities derived from climate change. These results remain unchanged when we address potential endogeneity problems using firm fixed effects, difference-in-differences, and an instrumental variable. We also find that firms managed by female CEOs tend to select suppliers, customers, and targets with fewer climate related risks when they face severe climate risk. In addition, gender differences have little effect on climate issues when firms run by female CEOs hold more cash.