Impact of board characteristics on environmental disclosures for listed mining companies in China
Impact of board characteristics on environmental disclosures for listed mining companies in China
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DOI：
10.1007/s11356-020-08599-2
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发表时间：
2020-04-08
影响因子：
5.8
通讯作者：
Shaibu, Ali
中科院分区：
文献类型：
--
作者：
Agyemang, Andrew Osei;Yusheng, Kong;Shaibu, Ali
本文考察了董事会特征对中国矿业上市公司环境会计信息披露的影响。董事会特征分为董事会规模特征、独立性特征、多样性特征、行为特征和激励特征。本研究进一步扩展，分析环境信息披露程度（EIDD）颁布前后董事会特征对环境信息披露的影响。对2000-2018年沪深两市34家矿业上市公司样本进行多元回归分析，发现董事会规模与环境会计披露指数（EADI）之间存在显著正相关。此外，独立董事衡量的董事会独立性和首席执行官与董事长分离与EADI之间存在显著的正相关关系。同样，董事会会议测量的行为特征与EADI在1%显著水平上正相关。在多样性特征方面，女性员工和外籍员工与EADI呈不显著的负相关，而激励特征与EADI呈不确定的相关。我们的研究结果对有意改善公司治理实践和环境信息披露的高层管理者和监管者有帮助。
This paper examines the impact of board characteristics on environmental accounting information disclosure for listed mining companies in China. Board characteristics were categorized into board size, independence characteristics, diversity characteristics, behavioral characteristics, and incentive characteristics. The study further extended to analyze the impact of board characteristics on environmental disclosure before and after the promulgation of Environmental Information Disclosure Degree (EIDD). Using multiple regression analysis with a sample of 34 listed mining companies from both Shanghai and Shenzhen Stock Exchanges covering 2000-2018 period, we find a significant positive correlation between board size and Environmental Accounting Disclosure Index (EADI). Also, board independence measured by independent directors and the separation of the chief executive officer from board chairman revealed a positive and significant relationship with EADI. Similarly, behavioral characteristics measured by board meeting were positively correlated with EADI at 1% significant level. In terms of diversity characteristics, both females on board and foreign nationals revealed a negative and insignificant relationship with EADI, while incentive characteristics saw an inconclusive correlation with EADI. Our findings are useful to top managers and regulators who are interested in improving corporate governance practices and environmental information disclosure.