The Impact of Audit Committee Characteristics on Corporate Biodiversity Disclosure: An Analysis of Japanese Firms

Shahid Amin, Jawad Iqbal and Muhammad Abdul Majid Makki

Journal of Business and Social Review in Emerging Economies, 2021, vol. 7, issue 2, 239-254

Abstract: Purpose: The loss of biodiversity is considered one of the greatest threats to economic development and human life. Business organizations have a direct impact on biodiversity through their operations. Therefore, the objective of the study is to examine the impact of audit committee (AC) characteristics on corporate biodiversity disclosure by using the data of Japanese listed firms.Design/Methodology/Approach: This study is based on secondary data that has been collected from the corporate reports for the period 2012 to 2018. A final sample consists of 476 firm-year observations. Due to the nature of the data, panel regression (fixed-effects model) has been used to test the proposed hypotheses.Findings: The empirical results depict that the AC size, gender diversity, AC meetings, and financial expertise have a significant positive impact on corporate biodiversity disclosure. However, the AC independence and independence of the chair are not significant.Implications/Originality/Value: This is a unique study because no research study has examined the impact of AC characteristics on biodiversity disclosure as per the known literature. Thus, the findings of this study may help regulators, policymakers, investors, shareholders, and managers in assessing and monitoring the corporate biodiversity disclosure in light of AC characteristics.

Keywords: Corporate Biodiversity Disclosure; Audit Committee; Gender Diversity; Financial Expertise; Japan (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/1620/1108 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:src:jbsree:v:7:y:2021:i:2:p:239-254

DOI: 10.26710/jbsee.v7i2.1620

Access Statistics for this article

More articles in Journal of Business and Social Review in Emerging Economies from CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Dr. Ghulam Shabir ().