Work

The Effect of Board Independence on the Sustainability Reporting Practices of Large U.S. Firms \

Year: 2012

Type: article

Abstract: As sustainability reporting becomes more commonplace, it is important to understand the factors that influence firms’ voluntary reporting decisions. This exploratory study examines whether board independence affects the sustainability reporting decisions of the 500 largest firms in the United States. We also investigate other factors that may be associated with sustainability reporting, including environmental performance and reputation. We find that firms with a greater proportion of independent board members are: 1) more likely to publish standalone sustainability reports, and 2) more likely to publish higher quality sustainability reports. This paper contributes to prior literature that reports somewhat mixed results on the effect of board independence on voluntary disclosure.

Source: Issues in Social and Environmental Accounting

DOI: 10.22164/isea.v6i2.69

Authors: David N. Herda, Martin E. Taylor, Glyn Winterbotham

Institutions: North Dakota State University, The University of Texas at Arlington, Winthrop University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $100

OpenAlex ID: W2569587788

FWCI:

Cites: 42

Cited by: 31

Related to: 10