An alignment effect of concentrated and family ownership on carbon emission performance: The case of Indonesia

Qosasi, Achsanul; Susanto, Hendra; Rusmin, Rusmin; Astami, Emita W.; Brown, Alistair

doi:10.1080/23322039.2022.2140906

Cited by 8 publications

(5 citation statements)

References 64 publications

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“…This finding raises questions about the effectiveness of gender diversity in corporate governance in promoting environmental responsibility. Our results align with a study by Cucari et al (2018) and Qosasi et al (2022), who report a negative and significant relationship between female boards of directors and environmental, social, and governance performances. Including women in commissioner roles does not seem to result in increased oversight.…”

Section: Multivariate Regression Resultssupporting

confidence: 92%

“…For instance, Faisal et al (2018), Hermawan et al (2018), Pratiwi et al (2021), as well as Wahyuningrum et al (2024), analyze the company's specific characteristics to predict the disclosure of greenhouse gas emissions. Qosasi et al (2022) study the relationship between ownership structure and carbon performance. Meanwhile, Andrian (2021) places significant importance on investigating the impact of the board of directors, institutional ownership, and firm performance on the disclosure of carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Family Firms and Supervisory Boards on Corporate Environmental Quality

Susanto,

Suryadnyana,

Rusmin

et al. 2024

JRFM

Self Cite

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This paper examines the impact of family ownership and supervisory board characteristics on carbon emission disclosure. It uses balanced panel data and a matched-pair design of 124 non-financial firms listed on the Indonesia Stock Exchange from 2017 to 2019. This study finds that family firms and larger boards improve, while female board members harm carbon emission performance. Further analyses reveal non-linear relationships between family ownership and carbon performance. When control rights are limited, family firms prioritize controlling managers and improving carbon quality. Conversely, they prioritize personal objectives over environmental concerns when there are high control rights, resulting in decreased carbon emission performance. Additionally, family board members generate more carbon information, indicating the family owners effectively utilize their position on the supervisory boards to influence the company’s carbon emission performance. Finally, the study reports that more faculty member boards seem to hurt carbon emission reduction efforts. This result suggests that the diversity of their professional experiences does not affect the environmental effectiveness of supervisory boards. Our findings highlight the importance of understanding SEW principles and their connection to families in comprehending Indonesian corporate carbon emissions disclosures. The findings of this study enrich the worldwide literature by exploring the potential benefits of family business environmental performance. This study also adds to the literature on corporate governance, especially the role played by supervisory boards. Our findings align with the resource dependence theory, emphasizing the central function of supervisory boards as a monitoring tool. This study is constrained by its reliance on carbon emission data extracted from the annual reports of public firms, with a particular emphasis on pre-COVID-19 data. Future research should focus on sustainability reports and explore the time frame encompassing COVID-19 (2020–2022 datasets) to determine any differences in the findings.

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Section: Multivariate Regression Resultssupporting

confidence: 92%

Section: Introductionmentioning

confidence: 99%

The Impact of Family Firms and Supervisory Boards on Corporate Environmental Quality

Susanto,

Suryadnyana,

Rusmin

et al. 2024

JRFM

Self Cite

View full text Add to dashboard Cite

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“…et al, 2016). Similarly,Qosasi et al (2022), drawing on stewardship theory, find that firms with concentrated and family ownership tend to disclose more carbon-related information. The recent analysis byShwairef et al (2021) indicates neither direct nor indirect effects, suggesting that ownership concentration does not influence managers' posture towards environmental disclosure.…”

mentioning

confidence: 98%

Corporate governance perspective on environmental reporting: Literature review and future research agenda

Aluchna,

Roszkowska‐Menkes,

Khan

2023

Corp Soc Responsibility Env

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The last three decades have witnessed substantial growth in the literature exploring the motives and drivers of corporate greening. Extant research analyzing the governance determinants of corporate environmental disclosure provides competing and contrasting results; despite the growing sustainability challenges create an urgent need for effective monitoring and incentive mechanisms to promote corporate transparency and accountability. This warrants further inquiry in the field, yet very few comprehensive reviews have been presented on governance determinants of corporate environmental disclosure. To fill this gap we conduct a systematic review of 121 published papers and distinguish the governance mechanisms fostering corporate environmental disclosure. Our paper identifies factors influencing the adoption, extant, and quality of environmental disclosure, and provides useful future research directions.

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“…The first stream of research argued that family involvement in ownership is positively related to the level of nonfinancial reporting due to the will to preserve their reputation and image (Ezat et al, 2020; Qosasi et al, 2022). According to Syed and Butt (2017), this positive relation is linked to the pronounced emphasis that family‐owned firms place on nonfinancial goals, such as longevity, identity, reputation, and protection of a positive image.…”

Section: Analytical Findingsmentioning

confidence: 99%

Nonfinancial reporting in family firms: A systematic review and agenda for future research

2023

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This paper offers a systematic review of the literature on nonfinancial reporting in family firms, which has substantially grown in recent years. We identified and analyzed 74 articles published between 2002 and 2023. The work contributes to the domains of nonfinancial reporting and family business by providing an integrative and critical overview of the literature and by identifying future research avenues. We conclude by offering practical implications for managers, consultants, and policymakers.

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An alignment effect of concentrated and family ownership on carbon emission performance: The case of Indonesia

Cited by 8 publications

References 64 publications

The Impact of Family Firms and Supervisory Boards on Corporate Environmental Quality

The Impact of Family Firms and Supervisory Boards on Corporate Environmental Quality

Corporate governance perspective on environmental reporting: Literature review and future research agenda

Nonfinancial reporting in family firms: A systematic review and agenda for future research

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