The Relationship between Environmental Reporting and Corporate Governance Characteristics of Romanian Listed Entities

Ionel-Alin Ienciu ()
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Ionel-Alin Ienciu: Babeº-Bolyai University, Romania

Journal of Accounting and Management Information Systems, 2012, vol. 11, issue 2, 267-294

Abstract: Within this study, we have focused on factors related to the entity, such as the internal characteristics, consisting mainly in how the entity is managed, in order to identify the existence of certain associations between the characteristics of corporate governance and the existence of environmental reporting in the case of the Romanian companies listed at Bucharest Stock Exchange. We have suggested a model comprising corporate governance characteristics such as size and structure of the board, existence of the board committees and the practice of separation between Chief Executive Officer and Chairman of the board. We found that board independence and board size are factors that explain the level of environmental reporting within Romanian companies. For assuring a high transparency level of environmental performance within a company, the board of directors should ensure a sufficient number of independent members able to exercise an independent reasoning in order to solve potential conflicts of interests.

Keywords: Corporate Governance; Board Independence; Environmental Reporting; Listed Companies; Bucharest Stock Exchange; Romania (search for similar items in EconPapers)
JEL-codes: M14 M41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ami:journl:v:11:y:2012:i:2:p:267-294

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