Description:
Based on the sample of listed companies in the United States from 2009 to 2016, this paper explores whether CEO hedging will affect the ESG performance of corporate. The results show that CEO hedging reduces the ESG performance of corporate significantly. Further research finds that CEO's shareholding ratio and corporate risk enhance the negative correlation between CEO hedging and corporate ESG performance. This paper not only supplements relevant literature on the impact of CEO hedging on corporate governance behavior, but also provides a new explanatory dimension for how to avoid reducing corporate ESG performance