Environmental Performance and Corporate Governance: Evidence from Japan

Syeda Humayra Abedin, Silima Subha, Mumtaheena Anwar, Md Nurul Kabir, Yasean A. Tahat and Mohammed Hossain ()
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Syeda Humayra Abedin: Department of Accounting and Finance, School of Business and Economics, North South University, Dhaka 1229, Bangladesh
Silima Subha: Sobey School of Business, Saint Mary’s University, Halifax, NS B3H 3C2, Canada
Mumtaheena Anwar: School of Accountancy, Queensland University of Technology, Brisbane, QLD 4000, Australia
Yasean A. Tahat: Department of Accounting and MIS, College of Business Administration, Gulf University of Science and Technology, Mischref 32093, Kuwait
Mohammed Hossain: Department of Accounting and MIS, College of Business Administration, Gulf University of Science and Technology, Mischref 32093, Kuwait

Sustainability, 2023, vol. 15, issue 4, 1-20

Abstract: This study investigates the impact of corporate governance on corporate environmental performance among Japanese companies listed on the Tokyo Stock Exchange for the period 2006–2019. Using fixed-effects modelling for 4617 firm-year observations from 2006–2019, we demonstrate that board independence, board diversity, and the presence of environmental management committees are significantly associated with improved environmental performance. However, a large board reduces the environmental performance, and CEO duality does not appear to be a significant factor affecting a firm’s environmental performance. Additionally, we show a consistent result when we proxy environmental performance by total carbon emissions.

Keywords: corporate governance; environmental performance; climate change; carbon emissions; environmental innovation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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