Environmental Reporting and Good Practice of Corporate Governance: Petroleum Industry Case Study

Ienciu, Ionel-Alin; Popa, Irimie Emil; Ienciu, Nicoleta Maria

doi:10.1016/s2212-5671(12)00258-4

Cited by 43 publications

(35 citation statements)

References 13 publications

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“…It is confirmed that because outside directors are independent from management, they are willing to monitor management more carefully and protect shareholder interests (Duchin et al 2010) (Ienciu et al 2012)(J. . Previous studies have investigated the role of independent directors on firm performance (Armstrong et al 2014) (Wang 2014) (Cuadrado-Ballesteros et al 2015).…”

Section: Agency Theory and The Monitoring Functionmentioning

confidence: 89%

“…Early research using resource-dependence theory focuses on board size as an indicator of the board's ability to provide resources to the firm (Hillman et al 2009). A larger board offers more experience and knowledge and, consequently, better advice during the decision-making process (Ienciu et al 2012)(J. . Therefore, larger boards are likely to have some directors with a certain level of environmental knowledge or directors that can provide access to the relevant resources and knowledge.…”

Section: Resource-dependence Theory and The Provision Of Resource Funmentioning

confidence: 99%

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The Effect of Board Roles on Firm Environmental Governance

Shahgholian

2017

Proceedings

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In recent years much attention has been paid to firms' environmental profile. Implementing and improving firm's environmental profile are twofold. First, launching the environmental governance is a foundation for firm's environmental profile. Second, the characteristics of board of directors directly affect the decisions made by board on all firm's performance. Drawing on the resourcedependence theory and agency theory, board characteristics represent board resource-provision role and board monitoring role.This paper aims to understand how the board monitoring and board resource-provision roles influence firm's environmental governance for 267 US firms from 2010 to 2012. The findings confirm that effective boards increase their monitoring of management when there are more independent directors on the board, higher CEO-chairman duality, higher share ownership for insiders and the CEO and finally lower share ownership for outsider-directors. Boards with strong social network connections, larger board size and lower board tenure are classified as resource-rich boards. The results also confirm that resource-rich boards with effective monitoring roles tend to have a board, or a committee appointed by the board that is responsible for environmental initiatives, paying incentives for the management of climate change issues, publishing information in annual reports, voluntary communications and other regulatory filings.

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Section: Agency Theory and The Monitoring Functionmentioning

confidence: 89%

Section: Resource-dependence Theory and The Provision Of Resource Funmentioning

confidence: 99%

The Effect of Board Roles on Firm Environmental Governance

Shahgholian

2017

Proceedings

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“…Besides these results, some of the empirical studies found a non-significant relationship between board size and the extent of voluntary disclosure (e.g., Ienciu et al 2012;Arcay and Vazquez 2015;Saha and Akter 2013;Fathi 2013;Amran et al 2014 andSartawi et al 2014).…”

Section: Board Sizementioning

confidence: 93%

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Akbaş

2016

South East European Journal of Economics and Business

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This study primarily aims to analyze the relationship between selected board characteristics and the extent of environmental disclosure in annual reports of Turkish companies, using a sample of 62 non-financial firms listed on the BIST-100 index at the end of 2011. The content analysis is used to measure the extent of environmental disclosure. Four board characteristics, namely board size, board independence, board gender diversity and audit committee independence, are considered as the independent variables that may have an impact on the extent of the environmental disclosures of Turkish companies. According to the results of the regression analysis, only board size has a statistically significant and positive relationship with the extent of environmental disclosure. This result implies that firms with larger boards disclose more environmental information than firms with smaller boards. On the other hand, the rest of the independent variables are found to be unrelated to the extent of environmental disclosure. The low degree of independence and gender diversity on the boards of the sample companies for the time period analyzed in the study could be one possible explanation for this result.

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“…Segundo Gongrige (2010), Matos e Góis (2013) e Michelon e Parbonetti (2012), a variável não indicou significância estatística; já Aburaya (2012) constatou influência negativa. Por outro lado, diversas outras pesquisas encontraram resultados favoráveis, justificando considerar a possibilidade de sua influência no disclosure socioambiental (Bomfim et al, 2015;Ducassy & Montandrau, 2015;Harjoto & Jo, 2011;Htay et al, 2012;Iatridis, 2013;Ienciu, Popa, & Ienciu, 2012;Khan et al, 2013;Rao et al, 2012).…”

Section: Proporção De Conselheiros Independentesunclassified

“…Poderá, ainda, dar suporte à gestão na mensuração e evidenciação dos impactos socioambientais gerados pela atividade da companhia, passando, assim, uma mensagem aos stakeholders; servindo como instrumento de monitoramento (Aburaya, 2012;Bomfim et al, 2015;Ienciu, Popa, & Ienciu, 2012;Michelon & Parbonetti, 2012).…”

Section: Comitê De Sustentabilidadeunclassified

Efeitos da Estrutura de Governança Corporativa e das Características Institucionais no Disclosure Socioambiental

Rêgo

Vasconcelos

Santos

2018

Rev. Eletr. de Ciênc. Adm.

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IBEPES | Curitiba-PR, Brasil RECADM v.17 n.3 p.344-372 Set-Dez 2018.Palavras-chave: Governança corporativa; Características institucionais; Disclosure socioambiental.Devido à crescente preocupação das organizações em evidenciar informações socioambientais, e levando-se em conta esse fenômeno sob determinados aspectos empresariais, a presente pesquisa tem como objetivo analisar a influência da estrutura de governança corporativa das companhias abertas brasileiras e de suas características institucionais na qualidade do disclosure socioambiental. Neste estudo, que é descritivo e quantitativo, são analisados os relatórios institucionais referentes a 2014, por meio da atribuição de escores para a qualidade da informação evidenciada a partir da adaptação dos construtos de Chen, Feldmann e Tang (2015) e Skouloudis, Evangelinos e Kourmousis (2010). Aplicou-se também a regressão linear múltipla. Os resultados apontaram que a proporção de membros independentes no conselho de administração, como estrutura de governança, e a participação da empresa no ISE, como característica institucional, são capazes de influenciar o nível do disclosure socioambiental. Dessa forma, há evidências de que os conflitos de agência e as pressões de legitimidade podem agir sobre o comportamento socioambiental da empresa perante os stakeholders. Efeitos da Estrutura de Governança ABSTRACTDue to the increasing concern of companies to highlight socioenvironmental information disclosure, and considering specific organizational aspects of the phenomenon, the purpose of this descriptive and quantitative study was to evaluate the influence of corporate governance structure and institutional characteristics on the quality of socioenvironmental disclosure by Brazilian public firms. Information collected from 2014 institutional reports were scored with regard to disclosure quality in light of the constructs of Chen, Feldmann and Tang (2015) and Skouloudis, Evangelinos and Kourmousis (2010), with adaptations, and the results were submitted to multiple linear regression. Our analysis shows that the proportion of independent directors on the board (governance structure) and the participation in the ISE Corporate Sustainability Index (an institutional characteristic) affected the quality of socioenvironmental disclosure. In other words, agency conflicts and legitimacy pressure may have an impact on corporate socioenvironmental behavior in relation to stakeholders.

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Environmental Reporting and Good Practice of Corporate Governance: Petroleum Industry Case Study

Cited by 43 publications

References 13 publications

The Effect of Board Roles on Firm Environmental Governance

The Effect of Board Roles on Firm Environmental Governance

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Efeitos da Estrutura de Governança Corporativa e das Características Institucionais no Disclosure Socioambiental

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