The tables below presents 3,131 CVI scores of 756 CEOs from 449 non-financial and non-utility firms in our research sample from 2013 to 2022.
All the statistics given below are based on the dataset without financial and utility firms (first table above).
Descriptive Stastics of CVI
Distribution of Average CVI Score Over Years
This figure reveals the change of average CVI scores from 2013 to 2022. The continous upward trajectory in the CVI implies that a CEO’s value system becomes more ESG oriented over the years.
Distribution of Avergae CVI Score across Industries
This chart shows the average CVI scores across different industries, with the industry classification based on the Fama & French 12 industries classification.
1: Consumer Nondurables; 2: Consumer Durables; 3: Manufacturing; 4: Energy;
5: Chemicals; 6: Business Equipment & Software; 7: Telecommunication;
8: Utilities (not included); 9: Wholesale & Retail; 10: Healthcare;
11: Finance (not included); 12: Other.
Distribution of Industry-Level Average CVI Score Over Years
This table shows the average CVI scores across different industries over years , with industry classification based on the Fama & French 12 industries classification.
1: Consumer Nondurables; 2: Consumer Durables; 3: Manufacturing; 4: Energy;
5: Chemicals; 6: Business Equipment & Software; 7: Telecommunication;
8: Utilities (not included); 9: Wholesale & Retail; 10: Healthcare;
11: Finance (not included); 12: Other.