Board effectiveness and carbon emission disclosure: evidence from ASEAN countries
Abstract This study investigates how corporate board governance attributes influence carbon emission disclosure (CED) across ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) from 2015 to 2022. Using panel data regressions and a composite Board Effectiveness Score, th...
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| Format: | Article |
| Language: | English |
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Springer
2025-07-01
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| Series: | Discover Sustainability |
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| Online Access: | https://doi.org/10.1007/s43621-025-01405-4 |
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| author | Marwan Mansour Almothanna Jamil Abu-Allan Sajead Mowafaq Alshdaifat Dheif Allah E’leimat Mohammed W. A. Saleh |
| author_facet | Marwan Mansour Almothanna Jamil Abu-Allan Sajead Mowafaq Alshdaifat Dheif Allah E’leimat Mohammed W. A. Saleh |
| author_sort | Marwan Mansour |
| collection | DOAJ |
| description | Abstract This study investigates how corporate board governance attributes influence carbon emission disclosure (CED) across ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) from 2015 to 2022. Using panel data regressions and a composite Board Effectiveness Score, the analysis evaluates both individual board characteristics—gender diversity, size, independence, meeting frequency, and environmental committees—and their collective impact on CED as measured by CDP scores. Grounded in agency, resource dependence, stakeholder, legitimacy, signaling, and voluntary disclosure theories, the findings reveal that gender diversity and the presence of an environmental committee significantly enhance CED, supporting the notion that board diversity and specialized structures improve sustainability oversight. In contrast, board size and meeting frequency show no consistent influence, challenging conventional assumptions within agency and stakeholder theories. Notably, board independence has a negative impact on disclosure, highlighting contextual governance challenges in the ASEAN region. The Board Effectiveness Score emerges as a stronger predictor of CED than individual attributes, confirming that integrated governance mechanisms better explain corporate transparency. Additional robustness tests—including quantile regression, logit analysis, and dynamic GMM—confirm the consistency of results. Control variables such as green innovation, firm size, age, and profitability also positively affect disclosure. As one of the first region-wide governance studies in Southeast Asia, this research provides important implications for policymakers, investors, and sustainability advocates, underscoring the need for enhanced governance frameworks and regulatory mandates to bridge ASEAN’s sustainability disclosure gap and align corporate practices with global climate goals. |
| format | Article |
| id | doaj-art-0e0aec22cd5c48fc8f47ac69a0849537 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-0e0aec22cd5c48fc8f47ac69a08495372025-08-20T04:01:25ZengSpringerDiscover Sustainability2662-99842025-07-016112510.1007/s43621-025-01405-4Board effectiveness and carbon emission disclosure: evidence from ASEAN countriesMarwan Mansour0Almothanna Jamil Abu-Allan1Sajead Mowafaq Alshdaifat2Dheif Allah E’leimat3Mohammed W. A. Saleh4Business Faculty, Amman Arab UniversityBusiness Faculty, Amman Arab UniversityFinancial and Accounting Sciences Department, Faculty of Business, Middle East UniversityDepartment of Finance and Banking, School of Business, Al Al-Bayt UniversityDepartment of Accounting and Auditing, Palestine Technical University- KadoorieAbstract This study investigates how corporate board governance attributes influence carbon emission disclosure (CED) across ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) from 2015 to 2022. Using panel data regressions and a composite Board Effectiveness Score, the analysis evaluates both individual board characteristics—gender diversity, size, independence, meeting frequency, and environmental committees—and their collective impact on CED as measured by CDP scores. Grounded in agency, resource dependence, stakeholder, legitimacy, signaling, and voluntary disclosure theories, the findings reveal that gender diversity and the presence of an environmental committee significantly enhance CED, supporting the notion that board diversity and specialized structures improve sustainability oversight. In contrast, board size and meeting frequency show no consistent influence, challenging conventional assumptions within agency and stakeholder theories. Notably, board independence has a negative impact on disclosure, highlighting contextual governance challenges in the ASEAN region. The Board Effectiveness Score emerges as a stronger predictor of CED than individual attributes, confirming that integrated governance mechanisms better explain corporate transparency. Additional robustness tests—including quantile regression, logit analysis, and dynamic GMM—confirm the consistency of results. Control variables such as green innovation, firm size, age, and profitability also positively affect disclosure. As one of the first region-wide governance studies in Southeast Asia, this research provides important implications for policymakers, investors, and sustainability advocates, underscoring the need for enhanced governance frameworks and regulatory mandates to bridge ASEAN’s sustainability disclosure gap and align corporate practices with global climate goals.https://doi.org/10.1007/s43621-025-01405-4Corporate governanceCarbon emission disclosureClimate changeASEAN countries |
| spellingShingle | Marwan Mansour Almothanna Jamil Abu-Allan Sajead Mowafaq Alshdaifat Dheif Allah E’leimat Mohammed W. A. Saleh Board effectiveness and carbon emission disclosure: evidence from ASEAN countries Discover Sustainability Corporate governance Carbon emission disclosure Climate change ASEAN countries |
| title | Board effectiveness and carbon emission disclosure: evidence from ASEAN countries |
| title_full | Board effectiveness and carbon emission disclosure: evidence from ASEAN countries |
| title_fullStr | Board effectiveness and carbon emission disclosure: evidence from ASEAN countries |
| title_full_unstemmed | Board effectiveness and carbon emission disclosure: evidence from ASEAN countries |
| title_short | Board effectiveness and carbon emission disclosure: evidence from ASEAN countries |
| title_sort | board effectiveness and carbon emission disclosure evidence from asean countries |
| topic | Corporate governance Carbon emission disclosure Climate change ASEAN countries |
| url | https://doi.org/10.1007/s43621-025-01405-4 |
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