Vol. 13 No. 79 (2024)
Articles

Impact of executives, foreign experience on environmental, social and governmental (ESG) performance of Saudi market

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  • Abdulsalam Saad Alquhaif
Abdulsalam Saad Alquhaif
University of Hail, Saudi Arabia.
Bio
DOI: https://doi.org/10.34069/AI/2024.79.07.20

Published 2024-07-30

Keywords

  • Executives, foreign experience, ESG performance, Saudi Arabia.

How to Cite

Alquhaif, A. S. (2024). Impact of executives, foreign experience on environmental, social and governmental (ESG) performance of Saudi market. Amazonia Investiga, 13(79), 257–266. https://doi.org/10.34069/AI/2024.79.07.20

Copyright (c) 2024 Abdulsalam Saad Alquhaif

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study empirically explores the potential role executives with overseas experience can play in ESG performance. The study also explores the effect of foreign experience on single aspects of ESG including environmental, social, and governmental performance. Employing a sample of Saudi-listed firms from 2015 to 2021, the findings document that companies with high foreign experience executives have higher ESG performance. The results also show that the foreign experience of executives positively influences the components of ESG such as environmental, social, and governmental aspects. These findings suggest that foreign experience increases the awareness of executives about the importance of ESG performance in enhancing the link between the firm and its stakeholders. These findings are robust to alternative measurements of executives' foreign experience. This study offers various theoretical and practical implications and highlights the role of executives' overseas experience in higher ESG performance.

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