Accentuating the moderating influence of green innovation, environmental disclosure, environmental performance, and innovation output between vigorous board and Romanian manufacturing firms’ performance

Syed Ghulam Meran Shah () and Larisa Ivascu ()
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Syed Ghulam Meran Shah: University of Castilla-La Mancha
Larisa Ivascu: Politehnica University of Timisoara

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 4, No 95, 10569-10589

Abstract: Abstract The objective of the study is to elucidate the impact of a vigorous board on the performance of firms. The contributive concept of vigorous board has been formulated through data employment analysis while contemplating the seven attributes such as board meetings, non-duality, number of external directors, number of supervisors, audit committee member, the presence of female among board members, and incumbent CEO education. Significantly, the data of Romanian manufacturing firms have been accumulated for the years 2009–2019. To contemplate with deep insight, the moderating impact of environmental disclosure, environmental performance, green innovation, and innovation output has been accentuated for firm performance. Empirical underpinnings signify that environmental performance and green innovation are the catalytic moderators for escalating the firms’ performance under the aegis of vigorous board. Furthermore, environmental disclosure also increases the growth of Romanian companies, while innovation output remains stagnant. Under the aegis of upper echelon theory, theoretical contribution has been signified while emphasizing on environmental situation of Romanian firms. Remarkably, the moment quantile regression method demonstrates the long-term and short-term influence of the vigorous board, the size of the firms and the total sales, while the leverage and age of the CEO mitigate the firm performance in the short term.

Keywords: Vigorous board; Environmental disclosure; Environmental performance; Green innovation; Innovation output; Firms; Performance (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10668-023-03164-6

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