Board characteristics and environmental performance in Indonesian family business

Tri Damayanti, Haninun Haninun, Lindrianasari Lindrianasari, Aminah Aminah and Nurdiawansyah Nurdiawansyah

International Journal of Trade and Global Markets, 2020, vol. 13, issue 1, 106-117

Abstract: This study investigates the impact of board characteristics on environmental performance in listed Indonesian family companies. We analysed 130 listed family firms using unbalanced panel method. Results reveal that board characteristics do not affect environmental performance, i.e., agency problem II. Environmental performance is a strategic non-financial issue, and it has several consequences, including external stakeholders and costs. Environmental performance is also not influenced by family ownership. This finding is important in the international market because many Indonesian family businesses deal with several foreign investors and international business.

Keywords: environmental strategy; management family decision and incentives; family coalition. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:13:y:2020:i:1:p:106-117

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