The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence

Krishnamurti, Chandrasekhar and Velayutham, Eswaran (2018) The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence. Pacific-Basin Finance Journal, 50 (S1). pp. 65-81. ISSN 0927-538X

Abstract

In this paper, we examine the impact of having risk management committees at the board level on the voluntary disclosure of greenhouse gas (GHG) emissions in Australia. There is no impact of having a standalone risk management committee on the levels of voluntary disclosure of GHG emissions. However, when firms have combined audit and risk management committees the level of disclosure of GHG emissions is lower and this result holds in multivariate models that control for a number of firm characteristics including corporate governance. Further, we find that firms voluntarily disclosing higher quality information on GHG emissions experience reduced stock price volatility and improved stock market liquidity.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version, in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 17 Mar 2019 23:47
Last Modified: 05 Apr 2019 01:41
Uncontrolled Keywords: risk management committee, voluntary disclosure, greenhouse gas emissions
Fields of Research : 15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
Socio-Economic Objective: D Environment > 96 Environment > 9607 Environmental Policy, Legislation and Standards > 960799 Environmental Policy, Legislation and Standards not elsewhere classified
Identification Number or DOI: 10.1016/j.pacfin.2017.09.003
URI: http://eprints.usq.edu.au/id/eprint/36070

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