Biswas, PK and Mansi, M and Pandey, R, Board composition, sustainability committee and corporate social and environmental performance in Australia, Pacific Accounting Review, 30, (4) pp. 517-540. ISSN 0114-0582 (2018) [Refereed Article]
© Emerald Publishing Limited
Purpose: The purpose of this study is to examine the impacts of board gender composition, board independence and the existence of a board sustainability committee on the corporate social and environmental performance of Australian firms.
Design/methodology/approach: The dataset comprises 2,188 Australian Securities Exchange listed firm-year observations (407 individual firms) from 2004 to 2015. The ASSET4 environmental, social and governance database is used to measure corporate social and environmental performance and their sub-dimensions.
Findings: Our results show that firms with higher board gender composition, greater board independence and sustainability committees tend to have better social and environmental performance. This paper also provides empirical evidence of the positive association of these variables on the sub-dimensions of social and environmental performance. The results are robust after controlling for self-selection and various forms of endogeneity.
Originality/value: This is the first study that examines the relationship between sustainability committees and corporate social and environmental performance in the context of Australia. This study also overcomes the relatively small sample size and shorter study period issues of similar studies in Australia that provide inconclusive evidence on the relationship between each of board gender composition, board independence and corporate social and environmental performance.
|Item Type:||Refereed Article|
|Keywords:||board independence, board of directors, corporate environmental performance, corporate social performance, gender diversity, sustainability committee|
|Research Division:||Commerce, Management, Tourism and Services|
|Research Group:||Accounting, auditing and accountability|
|Research Field:||Sustainability accounting and reporting|
|Objective Division:||Environmental Policy, Climate Change and Natural Hazards|
|Objective Group:||Environmental policy, legislation and standards|
|Objective Field:||Sustainability indicators|
|UTAS Author:||Mansi, M (Dr Mansi Mansi)|
|UTAS Author:||Pandey, R (Dr Rakesh Pandey)|
|Web of Science® Times Cited:||13|
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