Board Effectiveness and the Voluntary Disclosure of Climate Change Information

Ben‐Amar, Walid; McIlkenny, Philip

doi:10.1002/bse.1840

Cited by 225 publications

(199 citation statements)

References 58 publications

(105 reference statements)

Supporting

Mentioning

167

Contrasting

Unclassified

Order By: Relevance

“…In this framework, it is suggested that the board of directors is the ultimate internal control mechanism for overseeing managers (agents) on behalf of shareholders and other stakeholders (Rupley at al. 2012;Eng and Mak 2003;Said et al 2009;Ben-Amar and McIlkenny 2015). From this point of view, this study primarily aims to merge corporate governance literature and environmental disclosure literature by analyzing the relationship between corporate governance, in particular board characteristics, and the extent of environmental disclosures of Turkish companies.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Akbaş

2016

South East European Journal of Economics and Business

View full text Add to dashboard Cite

This study primarily aims to analyze the relationship between selected board characteristics and the extent of environmental disclosure in annual reports of Turkish companies, using a sample of 62 non-financial firms listed on the BIST-100 index at the end of 2011. The content analysis is used to measure the extent of environmental disclosure. Four board characteristics, namely board size, board independence, board gender diversity and audit committee independence, are considered as the independent variables that may have an impact on the extent of the environmental disclosures of Turkish companies. According to the results of the regression analysis, only board size has a statistically significant and positive relationship with the extent of environmental disclosure. This result implies that firms with larger boards disclose more environmental information than firms with smaller boards. On the other hand, the rest of the independent variables are found to be unrelated to the extent of environmental disclosure. The low degree of independence and gender diversity on the boards of the sample companies for the time period analyzed in the study could be one possible explanation for this result.

show abstract

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Akbaş

2016

South East European Journal of Economics and Business

View full text Add to dashboard Cite

show abstract

“…Second, little is known about how this nexus changes in the presence of specific features of the TMT. Preceding studies have examined board and governance characteristics, as the main determinants of firm's social/environmental management and financial performance (Ben‐Amar & McIlkenny, ; Chang, Li, & Lu, ; Eleftheriadis & Anagnostopoulou, ; Galbreath, , ; Haque & Ntim, ; Jizi, ; Lau, Lu, & Liang, ; McGuinness, Vieito, & Wang, ; Ntim, ; Sullivan & Gouldson, ). Nevertheless, these scholars have neither investigated the impact of TMT characteristics on environmental performance/financial distress nor how they can moderate environmental performance–financial distress nexus.…”

Section: Introductionmentioning

confidence: 99%

Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?

et al. 2018

View full text Add to dashboard Cite

This study investigates the effect of environmental performance that is driven by good environmental policies, regulations, and management on firm's financial distress and, consequently, ascertains the extent to which top management teams' (TMTs') characteristics can moderate the environmental performance–financial distress nexus in China using 749 firms over the 2009–2014 period (i.e., generating over 3,000 individual observations). Our findings are twofold. First, our results indicate that increased environmental performance that is driven by good environmental policies tends to strategically reduce the extent of firm financial distress. Second, this nexus is moderated by TMT gender diversity, foreign exposure, and political connection. We interpret our findings within neo‐institutional, upper echelons, and risk management theoretical perspectives. The findings are robust to the use of alternative measures of financial distress, estimation techniques, and endogeneity problems.

show abstract

“…Similarly, Berthelot and Robert () show that the presence of an environmental committee is associated with a higher level of climate change disclosure to the Canadian Institute of Chartered Accountant by oil and gas firms. Moreover, Ben‐Amar and McIlkenny () show a positive association between board effectiveness—proxied by the Board Shareholder Confidence Index—a firm's decision to participate in the CDP, as well as its carbon disclosure level and transparency . Finally, Peters and Romi () find that the presence of an environment committee and a CSO is positively associated with the likelihood of carbon disclosure and that CSOs are associated with disclosure transparency.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

Opening up the firm: What explains participation and effort in voluntary carbon disclosure by global businesses? An analysis of internal firm factors and dynamics

Hsueh

2019

Bus Strat Env

View full text Add to dashboard Cite

A voluntary climate initiative that has emerged over the past two decades as an institutional arrangement for corporations around the globe to signal and demonstrate their proactive climate leadership is the CDP (formerly known as the Carbon Disclosure Project). Unlike the extant literature that has emphasized stakeholder and regulatory pressures, this paper argues that voluntary carbon disclosure is both beneficial and costly for corporations with respect to the existence of supportive management structures, explicit CSR practices, and the existence of complementary assets. Moreover, there is variation between European firms and other global businesses because of Europe's distinctive national business systems framework in conjunction with global supply chain imperatives. Empirically, this study employs a novel discrete‐continuous modeling approach to distinguish between a corporation's decision to disclose and the linked but subsequent decision of how much to disclose climate change information. Results indicate that the main drivers of participation in voluntary carbon disclosure by the Global 500 firms is the existence of senior managers and executive‐level officers and the adoption of ESG principles by global businesses. Conditional on participation, European Union‐based and other global businesses that articulate a corporate vision for environmental sustainability, adopt ESG principles, and invest in complementary assets disclose climate change strategies and emissions at higher levels than companies without these internal firm capabilities. This study has implications for national climate policy and global climate change governance more generally, both of which increasingly focus on concrete climate solutions by corporations.

show abstract

Board Effectiveness and the Voluntary Disclosure of Climate Change Information

Cited by 225 publications

References 58 publications

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?

Opening up the firm: What explains participation and effort in voluntary carbon disclosure by global businesses? An analysis of internal firm factors and dynamics

Contact Info

Product

Resources

About