Board Ancestral Diversity and Voluntary Greenhouse Gas Emission Disclosure

Author:

Barg Johannes A.1,Drobetz Wolfgang1,El Ghoul Sadok2ORCID,Guedhami Omrane3,Schröder Henning4ORCID

Affiliation:

1. Faculty of Business Administration University of Hamburg Moorweidenstrasse 18 20148 Hamburg Germany

2. Campus Saint‐Jean University of Alberta 8406 Rue Marie‐Anne‐Gaboury (91 Street) Edmonton AB T6C 4G9 Canada

3. Moore School of Business University of South Carolina 1014 Greene Street Columbia SC 29208 USA

4. School of Management and Technology Leuphana University Lüneburg, Universitätsallee 1 21335 Lüneburg Germany

Abstract

AbstractThis paper examines the relationship between board diversity and firms’ decisions to voluntarily disclose information about their greenhouse gas (GHG) emissions. We focus on board ancestral diversity as a relatively new dimension of (deep‐level) board structure and document that it has a positive and statistically significant effect on a firm's scope and quality of voluntary GHG emission disclosure. The effect goes beyond the impact of more common (surface‐level) dimensions of board diversity and remains robust after addressing endogeneity concerns. In line with the theoretical conjecture that diversity enhances a board's advising and monitoring capacity, we find that the impact of diverse boards is stronger in more complex firms and in firms with low levels of institutional ownership. Overall, our findings provide evidence for board diversity being a relevant governance factor in corporate environmental decision making.

Publisher

Wiley

Subject

Management of Technology and Innovation,Strategy and Management,General Business, Management and Accounting

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