Board expertise, networked boards and environmental performance

Swarnodeep Homroy and Aurelie Cecile Dominique Slechten

No 140306795, Working Papers from Lancaster University Management School, Economics Department

Abstract: We analyze the role of board expertise in environmental issues (measured by the presence of non-executive directors with previous experience in environmental issues, EEDs) and director networks on GHG emissions. Using emission data of FTSE 350 firms, we show that the presence of EEDs on the board reduces GHG emissions. Also boards with better networked directors have better environmental performance. These associations are robust to alternative explanations - endogenous matching of firms and directors, general technical expertise of the board, and pro-active stacking in board composition. The results are consistent with the view that director skills and information spillovers through director networks add value.

Keywords: Director Expertise; Director Networks; Emissions; Environmental Performance (search for similar items in EconPapers)
JEL-codes: G34 G39 L14 L25 Q50 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:140306795

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