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To green or not to green: The influence of board characteristics on carbon emissions

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  • Kreuzer, Christian
  • Priberny, Christopher

Abstract

We analyze how board characteristics affect a company’s carbon emissions besides further firm-related and cultural variables, using data on over 6,000 companies located in 46 countries for the period 2009–2019. We identify the boards that are more skilled or have a higher share of female members to emit a lower amount of greenhouse gases. Surprisingly, high CSR board efforts show higher carbon emissions. We observe that the importance of time varying effects within a company changed as a consequence of the Paris Agreement in 2015.

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  • Kreuzer, Christian & Priberny, Christopher, 2022. "To green or not to green: The influence of board characteristics on carbon emissions," Finance Research Letters, Elsevier, vol. 49(C).
    • Handle: RePEc:eee:finlet:v:49:y:2022:i:c:s1544612322003014
    DOI: 10.1016/j.frl.2022.103077
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    References listed on IDEAS

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    Cited by:

    1. Nguyen, Linh Thi My & Nguyen, Phong Thanh, 2023. "The board profiles that promote environmental, social, and governance disclosure–Evidence from S&P 500 firms," Finance Research Letters, Elsevier, vol. 55(PA).

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    More about this item

    Keywords

    Carbon emission; Board characteristics; Paris Climate Agreement; Gender; Cultural aspects;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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