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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Detalhes bibliográficos
Autores: Dohrmann, Marcel, Martinez-Blasco, Monica, Moring, Andreas, Cuadros, Jordi
Formato: artículo
Fecha de publicación:2024
País:España
Recursos:Universitat Ramon Llull (URL)
Repositorio:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/4654
Acesso em linha:http://hdl.handle.net/20.500.14342/4654
https://doi.org/10.1002/csr.2898
Access Level:acceso abierto
Palavra-chave:board governance
environmental performance
Europe
firm performance
504
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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. IQS202420242024info:eu-repo/semantics/article18 p.application/pdfhttp://hdl.handle.net/20.500.14342/4654https://doi.org/10.1002/csr.2898reponame:DAU Arxiu Digital de la Universitat Ramon Llullinstname:Universitat Ramon Llull (URL)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:dau.url.edu:20.500.14342/46542026-06-21T06:40:37Z
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
2024
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.
application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:DAU Arxiu Digital de la Universitat Ramon Llull
instname:Universitat Ramon Llull (URL)
instname_str Universitat Ramon Llull (URL)
reponame_str DAU Arxiu Digital de la Universitat Ramon Llull
collection DAU Arxiu Digital de la Universitat Ramon Llull
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,81155

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