Year: 2018
Type: article
Abstract: This paper aims to examine the role performed by representatives of institutional investors in environmental reporting in Spain, where the presence of this type of director is the highest among European countries. Additionally, we make a distinction between those representatives of institutional investors appointed by bank and insurance companies and those appointed by mutual funds, investment funds and pension funds, because they have different motivations, characteristics and incentives, and consequently their role on boards and their influence on environmental disclosure may be dissimilar, as our results suggest. Our research offers a deep analysis revealing the role played by representatives of institutional investors in Spanish listed firms' decisions to disclose environmental information. Thus, our findings show the engagement with the stakeholders of a particular type of director on boards regarding environmental disclosure.
DOI: 10.1002/csr.1525
Institutions: Universitat Jaume I, Universidad Técnica Particular de Loja
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2807418477