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Opposite effects of returnee and non-local independent directors on firm’s environmental disclosure and performance

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  • Qingqing Fei

Abstract

Government programmes and policies in China have brought energy conservation and emission reduction issues into focus. Given the positive role of independent directors and media in corporate governance, the study explores the impact of independent director’s characteristics and media exposure on firm’s environmental disclosure and performance. We find that independent director’s overseas background is positively associated with environmental behaviour, whereas non-local independent director is negatively related to environmental behaviour. The split-sample analyses further support that media coverage plays a positive role both through itself directly and via its impact on independent directors. In supplementary analyses, media exposure has a more significant effect on state-owned than on non-state-owned enterprises. Additionally, non-independent director’s overseas experience also improves firm’s environmental behaviour. The findings enable us to identify a specific channel to improve environmental disclosure and corporate governance, which is through the impact of media on certain independent directors such as returnee-independent directors in state-owned enterprises.

Suggested Citation

  • Qingqing Fei, 2022. "Opposite effects of returnee and non-local independent directors on firm’s environmental disclosure and performance," Applied Economics, Taylor & Francis Journals, vol. 54(11), pages 1257-1277, March.
  • Handle: RePEc:taf:applec:v:54:y:2022:i:11:p:1257-1277
    DOI: 10.1080/00036846.2021.1975633
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    Cited by:

    1. Zeng, Yanni & Liu, Mengna & Ding, Ashley & Xu, Rui & Zhang, Hao, 2023. "Cultural similarity of non-local independent directors and financial reporting quality," International Review of Financial Analysis, Elsevier, vol. 90(C).
    2. Aluchna, Maria & Roszkowska-Menkes, Maria & Khan, Sana, 2024. "Corporate governance perspective on environmental reporting : Literature review and future research agenda," Other publications TiSEM 63f6cd04-4cfd-4f63-afb8-2, Tilburg University, School of Economics and Management.

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