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Mandatory carbon disclosure and green committees

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  • Boamah, Evans Ofosu

Abstract

The study examines how the United Kingdom (UK) mandatory greenhouse gas emissions (GHG) disclosure regulation affects the number of directors on environmental-related board committees. Using a difference-in-difference specification with a quasi-natural experiment set-up of the mandatory GHG disclosure regulation in the UK, the study finds firms listed on the UK main market increase their absolute and relative directors on environmental-related board committees after the passage of the regulation. This result is robust to a series of robustness tests that include alternative definitions of the treated and control groups and placebo tests.

Suggested Citation

  • Boamah, Evans Ofosu, 2022. "Mandatory carbon disclosure and green committees," Economics Letters, Elsevier, vol. 219(C).
    • Handle: RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522002762
    DOI: 10.1016/j.econlet.2022.110767
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    References listed on IDEAS

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    1. Mohamed Belkhir, 2009. "Board of directors' size and performance in the banking industry," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 5(2), pages 201-221, April.
    2. Raaj K. Sah & Joseph E. Stiglitz, 1991. "The Quality of Managers in Centralized Versus Decentralized Organizations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(1), pages 289-295.
    3. Jody Grewal & Edward J. Riedl & George Serafeim, 2019. "Market Reaction to Mandatory Nonfinancial Disclosure," Management Science, INFORMS, vol. 65(7), pages 3061-3084, July.
    4. Mohamed Belkhir, 2009. "Board of directors' size and performance in the banking industry," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 5(2), pages 201-221, April.
    5. Anjala Kalsie & Shikha Mittal Shrivastav, 2016. "Analysis of Board Size and Firm Performance: Evidence from NSE Companies Using Panel Data Approach," Indian Journal of Corporate Governance, , vol. 9(2), pages 148-172, December.
    6. Diogenis Baboukardos, 2017. "Market valuation of greenhouse gas emissions under a mandatory reporting regime: Evidence from the UK," Accounting Forum, Taylor & Francis Journals, vol. 41(3), pages 221-233, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Green committees; Mandatory disclosure; Greenhouse gas emission;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

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