The effect of board of directors attributes, environmental committee and institutional ownership on carbon disclosure quality

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-10-23 DOI:10.1002/bsd2.70023
Abbas Abdelrahman Adam Abdalla, Zalailah Salleh, Hafiza Aishah Hashim, Wan Zuriati Wan Zakaria, Waleed M. Al-ahdal
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Abstract

This study assesses the effect of the board of directors' attributes, environmental committee (EC), and institutional ownership (IO) on carbon disclosure quality (CDQ) from the perspectives of legitimacy and agency theories in Malaysia. This study collects and analyzes data based on 1000 observations of firms from carbon-intensive industries from 2015 to 2019. The effect of the board of directors' attributes, EC, and IO on the CDQ was observed using a panel data regression model. The study revealed a significant positive relationship between board independence, board size, female representation, EC, IO, and CDQ. These findings suggest that carbon disclosure awareness is rising in Malaysia as firms have gradually integrated corporate governance (CG) best practices into their business strategies. To the best of our knowledge, this is the first study to examine the factors that influence CDQ in Malaysian businesses. This study identified firms with a higher CDQ using a new global reporting initiative-based carbon reporting index. This expands the literature on carbon disclosures. This study focuses on carbon-intensive industries, which might not reflect Malaysia's current CDQ situation. Thus, future research should focus on other sectors to fully grasp the current state of the CDQ in Malaysia and offer new perspectives on emerging markets. The findings may benefit a vast group of regulatory bodies in assessing Malaysian firms' responses to local and international carbon guidelines.

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董事会属性、环境委员会和机构所有权对碳信息披露质量的影响
本研究从合法性理论和代理理论的角度评估了马来西亚董事会属性、环境委员会(EC)和机构所有权(IO)对碳信息披露质量(CDQ)的影响。本研究收集并分析了 2015 年至 2019 年碳密集型行业 1000 家企业的观测数据。采用面板数据回归模型观察了董事会属性、EC和IO对CDQ的影响。研究发现,董事会独立性、董事会规模、女性代表比例、EC、IO 和 CDQ 之间存在明显的正相关关系。这些研究结果表明,随着企业逐渐将公司治理(CG)最佳实践纳入其业务战略,马来西亚的碳披露意识正在不断提高。据我们所知,这是首次研究影响马来西亚企业碳排放权的因素。本研究利用基于全球报告倡议的新碳报告指数,确定了具有较高 CDQ 的企业。这拓展了有关碳披露的文献。本研究的重点是碳密集型行业,这可能无法反映马来西亚目前的 CDQ 情况。因此,未来的研究应侧重于其他行业,以全面掌握马来西亚碳排放权调查的现状,并为新兴市场提供新的视角。研究结果可能有利于广大监管机构评估马来西亚企业对当地和国际碳准则的反应。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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