TY - JOUR
T1 - Does board independence affect environmental disclosures by multinational corporations? : moderating effects of national culture
AU - Cui, Xinjian
AU - Peng, Xuhui
AU - Jia, Jia
AU - Wu, Dongxiao
PY - 2020
Y1 - 2020
N2 - Over the past two decades, corporate social responsibility has become an important topic in business practice research. In this study, we investigate the relationship between board independence and environmental disclosures made by multinational corporations (MNCs) and the moderating effects of national culture on that relationship. We empirically test these objectives with a data set of 151 MNCs based in China, Japan, the UK, and the USA, using content analysis and a new method for measuring environmental disclosures of MNCs. Results indicate (1) a significantly positive relationship between board independence and environmental disclosures for MNCs and (2) that masculinity and uncertainty avoidance negatively moderate this relationship, demonstrating the important role of culture in corporate disclosures.
AB - Over the past two decades, corporate social responsibility has become an important topic in business practice research. In this study, we investigate the relationship between board independence and environmental disclosures made by multinational corporations (MNCs) and the moderating effects of national culture on that relationship. We empirically test these objectives with a data set of 151 MNCs based in China, Japan, the UK, and the USA, using content analysis and a new method for measuring environmental disclosures of MNCs. Results indicate (1) a significantly positive relationship between board independence and environmental disclosures for MNCs and (2) that masculinity and uncertainty avoidance negatively moderate this relationship, demonstrating the important role of culture in corporate disclosures.
UR - https://hdl.handle.net/1959.7/uws:68874
U2 - 10.1080/00036846.2020.1770681
DO - 10.1080/00036846.2020.1770681
M3 - Article
SN - 1466-4283
SN - 0003-6846
VL - 52
SP - 5687
EP - 5705
JO - Applied Economics
JF - Applied Economics
IS - 52
ER -