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Wei, M, 2025. The impact of corporate governance mechanisms on environmental information disclosure: evidence from China. PhD, Nottingham Trent University.
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Abstract
This thesis investigates the impact of corporate governance mechanisms—specifically board characteristics, ownership structure, and board diversity — on environmental information disclosure (EID) in Chinese firms, using a dataset of 300 firms listed on the SHSZ300 from 2009 to 2019. The findings reveal that larger boards and frequent meetings enhance EID, while independent directors play a crucial role in increasing EID; however, board gender diversity and CEO duality have no significant impact. The positive effects of board characteristics on EID are more pronounced in low-regulated industries, with the 2014 Environmental Protection Law strengthening these connections. Ownership structure significantly impacts EID: managerial ownership positively influences EID, while institutional and state ownership negatively affect EID due to potential short-termism and conflicts of interest. High ownership concentration leads to lower EID, as dominant shareholders may prioritize financial gains over environmental responsibilities. These effects vary by firm size and regulatory context, with the 2014 Environmental Protection Law enhancing the relationship between EID and ownership structures. Board diversity has complex impacts on EID: older board members and directors with international experience positively influence EID, while the impact of board tenure is mixed. Lower gender diversity is associated with higher EID, indicating cultural factors. The influence of board diversity varies by industry regulation levels, with tenure diversity having negative impacts in highly regulated industries but positive effects in less regulated ones. Academic background diversity also enhances EID. Integrating multiple theories, this thesis provides a nuanced understanding of the relationship between corporate governance and EID. The findings underscore the importance of tailored corporate governance practices to enhance environmental transparency and accountability in Chinese firms. Practical implications for policymakers, investors, and corporate leaders are discussed, emphasizing the need for regulatory frameworks and governance structures that promote sustainable business practices.
| Item Type: | Thesis |
|---|---|
| Creators: | Wei, M. |
| Contributors: | Name Role NTU ID ORCID |
| Date: | March 2025 |
| Rights: | This work is the intellectual property of the author. You may copy up to 5% of this work for private study, or personal, non-commercial research. Any re-use of the information contained within this document should be fully referenced, quoting the author, title, university, degree level and pagination. Queries or requests for any other use, or if a more substantial copy is required, should be directed to the owner(s) of the Intellectual Property Rights. |
| Divisions: | Schools > Nottingham Business School |
| Record created by: | Laura Borcherds |
| Date Added: | 10 Jun 2025 15:12 |
| Last Modified: | 10 Jun 2025 15:12 |
| URI: | https://irep.ntu.ac.uk/id/eprint/53724 |
https://orcid.org/0000-0003-1765-7490Actions (login required)
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