气候变化领域集成服务门户(CCPortal): Board co-option and corporate environmental orientation: New insights from the waste management perspective

CCPortal

DOI	10.1111/corg.12567
	Board co-option and corporate environmental orientation: New insights from the waste management perspective
	Gull, Ammar Ali; Luong, Hoa; Nadeem, Muhammad
发表日期	2024
ISSN	0964-8410
EISSN	1467-8683
英文摘要	Research Question/IssueWe investigate the impact of board co-option on corporate environmental orientation from the perspective of waste management. As waste presents damaging effects on the natural environment, climate change, and human health, businesses assume an ethical responsibility to conduct their operations in a sustainable and responsible manner.Research Findings/InsightsEmploying firm-level waste production data, we document a significant negative relationship between board co-option and waste generation, suggesting that co-opted directors help firms reduce their waste-a finding that also carries economic significance. The cross-sectional analyses reveal that the relationship only holds when a CEO does not chair the board and has a shorter tenure. Furthermore, we find that the board co-option-waste management relationship is stronger in environmentally sensitive industries and is mainly driven by the manufacturing firms. We perform a battery of analyses to rule out endogeneity concerns and check for the robustness of our results. The channel test reveals that CEOs of firms with higher waste management face lower performance-induced turnover, particularly when working with co-opted boards. Finally, we also find that co-option-induced waste management initiatives ultimately increase firms' economic value.Theoretical/Academic ImplicationsWe document that co-opted boards may enhance firms' waste management practices by reducing performance-induced CEO turnover. Thus, we make important contributions to the corporate governance and environmentalism strands of the literature by highlighting the bright side of board co-option for waste reduction initiatives.Practitioner/Policy ImplicationsOur study provides vital policy implications for regulators and top management teams against the background of public outcry and social pressure to mitigate the damage to the environment and calls for ethical business practices.
英文关键词	corporate governance; board co-option; environment; ethical business practices; waste management
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business ; Business, Finance ; Management
WOS记录号	WOS:001142545600001
来源期刊	CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/302059
作者单位	Vietnam National University Hanoi; University of Otago; University of Queensland
推荐引用方式 GB/T 7714	Gull, Ammar Ali,Luong, Hoa,Nadeem, Muhammad. Board co-option and corporate environmental orientation: New insights from the waste management perspective[J],2024.
APA	Gull, Ammar Ali,Luong, Hoa,&Nadeem, Muhammad.(2024).Board co-option and corporate environmental orientation: New insights from the waste management perspective.CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW.
MLA	Gull, Ammar Ali,et al."Board co-option and corporate environmental orientation: New insights from the waste management perspective".CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW (2024).