Environmental Performance and Corporate Governance: Evidence from Japan
This study investigates the impact of corporate governance on corporate environmental performance among Japanese companies listed on the Tokyo Stock Exchange for the period 2006–2019. Using fixed-effects modelling for 4617 firm-year observations from 2006–2019, we demonstrate that board independence...
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Veröffentlicht in: | Sustainability 2023-02, Vol.15 (4), p.3273 |
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creator | Abedin, Syeda Humayra Subha, Silima Anwar, Mumtaheena Kabir, Md. Nurul Tahat, Yasean A Hossain, Mohammed |
description | This study investigates the impact of corporate governance on corporate environmental performance among Japanese companies listed on the Tokyo Stock Exchange for the period 2006–2019. Using fixed-effects modelling for 4617 firm-year observations from 2006–2019, we demonstrate that board independence, board diversity, and the presence of environmental management committees are significantly associated with improved environmental performance. However, a large board reduces the environmental performance, and CEO duality does not appear to be a significant factor affecting a firm’s environmental performance. Additionally, we show a consistent result when we proxy environmental performance by total carbon emissions. |
doi_str_mv | 10.3390/su15043273 |
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source | MDPI - Multidisciplinary Digital Publishing Institute; EZB-FREE-00999 freely available EZB journals |
subjects | Boards of directors Business Carbon Climate change Corporate governance Corporate sustainability Decision making Developing countries Emissions Environmental management Environmental protection Greenhouse gases Industrialized nations LDCs Stakeholders Stock exchanges |
title | Environmental Performance and Corporate Governance: Evidence from Japan |
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