TY - JOUR
T1 - Unlocking the link
T2 - Foreign-experienced board of directors and environmental violations in China
AU - Kazim, Irfan
AU - Wang, Fangjun
AU - Zhang, Xia
N1 - Publisher Copyright:
© 2023 Elsevier Inc.
PY - 2024/2
Y1 - 2024/2
N2 - This study investigates the influence of directors with foreign experience on corporate environmental violations. By analyzing a dataset encompassing 7055 firm-year observations in China from 2008 to 2020, we unveil a significant negative association between the presence of directors with foreign experience and instances of corporate environmental violations. This effect is particularly pronounced among firms in polluting industries, indicating that such firms derive greater advantages from the foreign experience of their directors compared to non-polluting firms. Moreover, our findings indicate that the presence of directors with foreign experience strengthens monitoring practices and fosters environmental sustainability, particularly in low-market-competition environments.
AB - This study investigates the influence of directors with foreign experience on corporate environmental violations. By analyzing a dataset encompassing 7055 firm-year observations in China from 2008 to 2020, we unveil a significant negative association between the presence of directors with foreign experience and instances of corporate environmental violations. This effect is particularly pronounced among firms in polluting industries, indicating that such firms derive greater advantages from the foreign experience of their directors compared to non-polluting firms. Moreover, our findings indicate that the presence of directors with foreign experience strengthens monitoring practices and fosters environmental sustainability, particularly in low-market-competition environments.
KW - China
KW - Directors’ foreign experience
KW - Environmental violation
KW - Upper Echelons Theory
UR - https://www.scopus.com/pages/publications/85180594325
U2 - 10.1016/j.frl.2023.104912
DO - 10.1016/j.frl.2023.104912
M3 - 文章
AN - SCOPUS:85180594325
SN - 1544-6123
VL - 60
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 104912
ER -