Environmental performance and firm performance in Europe: The moderating role of board governance

This research presents novel insights into the relationship between environmental performance and firm performance, focusing on the moderating role of board governance. Unlike the single-dimensional examination in previous studies, we examine five board variables collectively in our moderator analys...

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Detalles Bibliográficos
Autores: Dohrmann, Marcel, Martinez-Blasco, Monica, Moring, Andreas, Cuadros, Jordi
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:20.500.14342/4654
Acceso en línea:http://hdl.handle.net/20.500.14342/4654
https://doi.org/10.1002/csr.2898
Access Level:acceso abierto
Palabra clave:board governance
environmental performance
Europe
firm performance
504
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oai_identifier_str oai:recercat.cat:20.500.14342/4654
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spelling Environmental performance and firm performance in Europe: The moderating role of board governanceDohrmann, MarcelMartinez-Blasco, MonicaMoring, AndreasCuadros, Jordiboard governanceenvironmental performanceEuropefirm performance504This research presents novel insights into the relationship between environmental performance and firm performance, focusing on the moderating role of board governance. Unlike the single-dimensional examination in previous studies, we examine five board variables collectively in our moderator analysis. Employing ordinary least squares regression and a series of robustness tests, we investigate 582 European listed firms across various industries from 2016 to 2021. Our findings reveal a positive influence of environmental performance on firm performance, measured by Tobin's Q and ROA. Furthermore, we find that board independence, gender diversity and audit committee independence moderate this relationship. To address potential endogeneity issues, we employ GMM modelling. This study significantly contributes to the environmental performance and firm performance literature by offering evidence on the moderating role of board mechanisms. Moreover, it offers valuable insights for policymakers and practitioners, highlighting the need to monitor corporate boards for improved environmental and financial outcomes.info:eu-repo/semantics/publishedVersionWileyUniversitat Ramon Llull. IQS2024info:eu-repo/semantics/article18 p.http://hdl.handle.net/20.500.14342/4654https://doi.org/10.1002/csr.2898reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésCorporate Social Responsibility and Environmental Management. 2024;31(6):5863–5880© L'autor/aAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:recercat.cat:20.500.14342/46542026-05-29T05:05:01Z
dc.title.none.fl_str_mv Environmental performance and firm performance in Europe: The moderating role of board governance
title Environmental performance and firm performance in Europe: The moderating role of board governance
spellingShingle Environmental performance and firm performance in Europe: The moderating role of board governance
Dohrmann, Marcel
board governance
environmental performance
Europe
firm performance
504
title_short Environmental performance and firm performance in Europe: The moderating role of board governance
title_full Environmental performance and firm performance in Europe: The moderating role of board governance
title_fullStr Environmental performance and firm performance in Europe: The moderating role of board governance
title_full_unstemmed Environmental performance and firm performance in Europe: The moderating role of board governance
title_sort Environmental performance and firm performance in Europe: The moderating role of board governance
dc.creator.none.fl_str_mv Dohrmann, Marcel
Martinez-Blasco, Monica
Moring, Andreas
Cuadros, Jordi
author Dohrmann, Marcel
author_facet Dohrmann, Marcel
Martinez-Blasco, Monica
Moring, Andreas
Cuadros, Jordi
author_role author
author2 Martinez-Blasco, Monica
Moring, Andreas
Cuadros, Jordi
author2_role author
author
author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. IQS
dc.subject.none.fl_str_mv board governance
environmental performance
Europe
firm performance
504
topic board governance
environmental performance
Europe
firm performance
504
description This research presents novel insights into the relationship between environmental performance and firm performance, focusing on the moderating role of board governance. Unlike the single-dimensional examination in previous studies, we examine five board variables collectively in our moderator analysis. Employing ordinary least squares regression and a series of robustness tests, we investigate 582 European listed firms across various industries from 2016 to 2021. Our findings reveal a positive influence of environmental performance on firm performance, measured by Tobin's Q and ROA. Furthermore, we find that board independence, gender diversity and audit committee independence moderate this relationship. To address potential endogeneity issues, we employ GMM modelling. This study significantly contributes to the environmental performance and firm performance literature by offering evidence on the moderating role of board mechanisms. Moreover, it offers valuable insights for policymakers and practitioners, highlighting the need to monitor corporate boards for improved environmental and financial outcomes.
publishDate 2024
dc.date.none.fl_str_mv 2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/4654
https://doi.org/10.1002/csr.2898
url http://hdl.handle.net/20.500.14342/4654
https://doi.org/10.1002/csr.2898
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Corporate Social Responsibility and Environmental Management. 2024;31(6):5863–5880
dc.rights.none.fl_str_mv © L'autor/a
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © L'autor/a
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 18 p.
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.81155

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