CSR Committee, Women on the Board, and Green Bond Issuance: Evidence from France

Wided Khiari (), Houssein Ballouk and Wiem Chiba
Additional contact information
Wided Khiari: MACMA Laboratory, Institut Supérieur de Gestion, University of Tunis, Le Bardo 2000, Tunisia
Houssein Ballouk: ELLIADD Laboratory, ESTA School of Business & Technology, 90000 Belfort, France
Wiem Chiba: MACMA Laboratory, Institut Supérieur de Gestion, University of Tunis, Le Bardo 2000, Tunisia

JRFM, 2025, vol. 18, issue 4, 1-18

Abstract: This study examines the effects of internal governance mechanisms on the issuance of green bonds and investigates whether firms issuing green bonds exhibit distinct corporate governance characteristics, especially regarding board gender diversity and corporate social responsibility (CSR) committees. The analysis is based on a sample of 64 green bond announcements between 2013 and 2022. Based on the Generalized Least Squares Regression model, empirical results show that the presence of a CSR committee is positively and significantly associated with the issuance of green bonds. In other words, companies with a CSR committee are more likely to issue green bonds. In addition, companies with a lower debt ratio are more likely to issue green bonds.

Keywords: green bonds; corporate governance; CSR; sustainable finance; environmental performance (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2025
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/18/4/180/pdf (application/pdf)
https://www.mdpi.com/1911-8074/18/4/180/ (text/html)

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:gam:jjrfmx:v:18:y:2025:i:4:p:180-:d:1622402

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().