Are boards' risk management committees associated with firms’ environmental performance?

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dc.contributor.author de Villiers, Charl
dc.contributor.author Jia, Jing
dc.contributor.author Li, Zhongtian
dc.date.accessioned 2022-05-20T03:20:31Z
dc.date.available 2022-05-20T03:20:31Z
dc.date.issued 2022-01-01
dc.identifier.citation (2022). British Accounting Review, 54(1), 101066-.
dc.identifier.issn 0890-8389
dc.identifier.uri https://hdl.handle.net/2292/59390
dc.description.abstract We examine the relationship between board of director committees tasked with risk management and environmental performance, based on a sample of 1466 firm-year observations from 2007 to 2015. We find that the presence of board committees dedicated only to risk management is associated with better environmental performance. The human capital of risk committees (measured by board tenure, committee tenure, experience, and qualifications) is also positively related to environmental performance. Our findings suggest that the benefits of risk management committees extend to non-financial matters, such as environmental performance. Our findings further suggest that environmental performance is now managed through the regular governance mechanisms within firms. This supports the notion that environmental performance is managed for economic reasons and for the benefit of investors, rather than for the aggrandisement of individual managers. Our findings should be of interest to boards, CEOs, and CFOs who are interested in risk management, as well as to investors, lenders, and auditors who are interested in assessing risk.
dc.language en
dc.publisher Elsevier BV
dc.relation.ispartofseries The British Accounting Review
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher.
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Prevention
dc.subject 1501 Accounting, Auditing and Accountability
dc.title Are boards' risk management committees associated with firms’ environmental performance?
dc.type Journal Article
dc.identifier.doi 10.1016/j.bar.2021.101066
pubs.issue 1
pubs.begin-page 101066
pubs.volume 54
dc.date.updated 2022-04-11T23:48:40Z
dc.rights.holder Copyright: The author en
pubs.publication-status Published
dc.rights.accessrights http://purl.org/eprint/accessRights/RetrictedAccess en
pubs.subtype Journal Article
pubs.elements-id 873659
pubs.org-id Business and Economics
pubs.org-id Accounting and Finance
dc.identifier.eissn 1095-8347
pubs.number 101066
pubs.record-created-at-source-date 2022-04-12


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