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Do board networks fuel ESG controversies?

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  • Shakri, Irfan Haider
  • Chung, Chune Young
  • Ryu, Doojin

Abstract

We examine the connection between board networks and ESG controversies by analyzing a large sample of US firm-year observations. Contrary to the expertise view of board networks, increased board interconnectedness is associated with a greater number of ESG controversies, aligning with the busyness perspective.

Suggested Citation

  • Shakri, Irfan Haider & Chung, Chune Young & Ryu, Doojin, 2025. "Do board networks fuel ESG controversies?," Finance Research Letters, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325009006
    DOI: 10.1016/j.frl.2025.107641
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    References listed on IDEAS

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    Cited by:

    1. Wu, Xiaoying & Kang, Hyoung-Goo & Ryu, Doojin, 2025. "Green finance reform and reshaping firm-banking relationships: Evidence from China," Global Finance Journal, Elsevier, vol. 68(C).

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    Keywords

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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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