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

Christian Kreuzer and Christopher Priberny

Finance Research Letters, 2022, vol. 49, issue C

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.

Keywords: Carbon emission; Board characteristics; Paris Climate Agreement; Gender; Cultural aspects (search for similar items in EconPapers)
JEL-codes: G30 M12 M14 Q53 Q54 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:49:y:2022:i:c:s1544612322003014

DOI: 10.1016/j.frl.2022.103077

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