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Board structures, liberal countries, and developed market economies. Do they matter in environmental reporting? An international outlook
Author(s) -
PuchetaMartínez María Consuelo,
GallegoÁlvarez Isabel,
BelOms Inmaculada
Publication year - 2019
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2275
Subject(s) - corporate governance , empirical evidence , affect (linguistics) , emerging markets , accounting , business , developing country , environmental governance , corporate social responsibility , developed country , economics , finance , economic growth , public relations , political science , linguistics , philosophy , population , demography , epistemology , sociology
Previous empirical evidence has shown the effect of most corporate governance mechanisms on corporate social responsibility and environmental disclosure. However, there is scant empirical evidence that examines the influence of liberal countries, developed market economies, and board structures on environmental disclosure. Thus, this research aims to explore how liberal and developed countries and board structures affect environmental reporting. We hypothesise a linear and positive association between companies located in countries with liberal and developed market economies and environmental reporting. Moreover, we hypothesise that one‐tier board structures negatively affect environmental disclosure. Focusing on 13,100 companies domiciled in 39 different countries from 2005 to 2015, it is established that those companies located in liberal and developed economies are more likely to disclose environmental information, whereas one‐tier boards have a negative effect.