Boards' characteristics and environmental performance: the specificities of the banking industry and the influence of national institutional context

Benoît Jamet () and Julien Bousquet
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Benoît Jamet: IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux
Julien Bousquet: IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux

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Abstract: The board of directors (BOD) is the most important internal governance mechanism in firms: its characteristics and composition influence financial and non-financial performance. This article analyzes the relationship between board characteristics and environmental performance, introducing two original dimensions: the banking sector and the influence of the national institutional context. Using a sample of 129 commercial banks from 41 countries (period 2018-2022) and an original methodology (Lasso regression and Bayesian models), the results show that gender diversity, independence variables and the existence of a CSR committee have a positive impact on banks' environmental performance, while the size of the BOD and the experience of its members have no impact. Institutional pressures (general and environmental) have a real but differentiated impact on the effectiveness of board characteristics. The positive impact of good practices in board composition is only effective when national banking regulations are weak.

Keywords: institutional context.; banking sector; environmental performance; governance; Board of directors; contexte institutionnel.; secteur bancaire; performance environmentale; gouvernance; Conseil d’administration (search for similar items in EconPapers)
Date: 2024-04-03
Note: View the original document on HAL open archive server: https://u-bordeaux.hal.science/hal-05626658v1
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Published in ADERSE : RSE et coopération, IRGO; ADERSE; IAE Bordeaux; AFNOR, Apr 2024, Bordeaux, France

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