Corporate Environmental Information Disclosure in India: Role of Board Characteristics

Purushartha Pub Date : 2022-08-17 DOI:10.21844/16202114206

T. S. Ramaiah, S. Tiwari, Munawar Sayyad, Rohit Mehta

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引用次数: 1

Abstract

This research paper intends to observe the influence of board characteristics, namely, Board Size (BS), Board Independence (BI), Board meetings (BM), CEO duality (CD), firm-size (FS), Tobin Q, and ROAon environmental information disclosure. Environmental information has been measured through their availability in annual reports of particular companies. We have used panel data of 60 environmentally most polluted companies listed on the Bombay Stock Exchange from 2017 to 2021. The data has been analyzed using a regression model and tested through the feasible generalized least square (FGLS) regression technique. Our study indicates that Board Size (BS), CEO duality (CO), Board Meetings (BM), Tobin Q & ROAhave a substantial influence on environmental information disclosure, whereas board independence and size of firms do not influence environmental information disclosure. Agency theory discusses that board size (BS) has a negative association with environmental information, but it opposes the empirical work of Ezhilarasi & Kabra (2017) & Pareek et.al. (2019).Further, Al-Janadi et al. (2012) argue that CEO Duality (CD) and environmental information disclosure have significantly positively linked. The study recommends that environmental information disclosure is obligatory, specifically for environmentally sensitive companies in their periodic reports. In addition, governmental establishments should offer a transparent and standard guideline on disclosing environmental information to ensure responsible business.

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印度企业环境信息披露：董事会特征的作用

本研究旨在观察董事会特征，即董事会规模（BS）、董事会独立性（BI）、董事会议（BM）、CEO双重性（CD）、公司规模（FS）、托宾Q和ROA对环境信息披露的影响。环境信息是通过特定公司年度报告中的可用性来衡量的。我们使用了孟买证券交易所2017年至2021年上市的60家环境污染最严重的公司的面板数据。使用回归模型对数据进行了分析，并通过可行的广义最小二乘回归技术进行了测试。我们的研究表明，董事会规模（BS）、CEO双重性（CO）、董事会会议（BM）、Tobin Q&ROA对环境信息披露有显著影响，而董事会独立性和公司规模不影响环境信息披露。代理理论讨论了董事会规模（BS）与环境信息的负相关，但它反对Ezhilasi和Kabra（2017）和Pareek等人的实证工作。（2019）。此外，al Janadi等人（2012）认为首席执行官双重性（CD）与环境信息披露显著正相关。该研究建议，环境信息披露是强制性的，特别是对环境敏感的公司在其定期报告中披露。此外，政府机构应在披露环境信息方面提供透明和标准的指导方针，以确保负责任的业务。

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

Purushartha Arts and Humanities-Philosophy

CiteScore

0.40

自引率

0.00%

发文量

期刊介绍： The Journal ‘Purushartha’ has been started with an objective to focus primarily on: Blending of ancient Indian management thoughts with the modern management principles Business ethics Values Indian spirituality for modern business It is strongly felt that there are many unexplored dimensions and fewer researches have been done on the above subjects. Through this journal an effort has been made to explore those dimensions for enriching the modern management science. It is worth mentioning that our effort through this journal for blending ancient Indian wisdom, ethics, values and spirituality with modern management thoughts primarily derived from West is being appreciated by the academia and industry as well.