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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Wided Khiari & Houssein Ballouk & Wiem Chiba, 2025. "CSR Committee, Women on the Board, and Green Bond Issuance: Evidence from France," JRFM, MDPI, vol. 18(4), pages 1-18, March.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:4:p:180-:d:1622402
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