Corporate Boards and Environmental Offence Conviction: Evidence from the United Kingdom.

Tauringana, V., Radicic, D., Kirkpatrick, A. and Konadu, R., 2017. Corporate Boards and Environmental Offence Conviction: Evidence from the United Kingdom. Corporate Governance: The International Journal of Business in Society, 17 (2), pp. 341-362.

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DOI: 10.1108/CG-05-2016-0105

Abstract

Purpose This paper reports the results of an investigation into the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the United Kingdom (UK). Design/Methodology/Approach The study uses a probit model to analyse the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the UK, controlling for firm size, financial leverage and profitability. Findings The results suggest that the likelihood of a firm being convicted of an environmental offence increases with board size, but decreases with the presence of a woman on the board. No support is found for our hypotheses about the proportion of outside directors and the presence of a lawyer on the board. Marginal effects results also show that adding one member to the board increases the chance of a firm being convicted for an environmental offence by 4.2% while having a woman on the board decreases the likelihood of a firm being convicted of an environmental offence by 31.8%. Research limitations/implications The sample size of 55 firms is small which could affect the generalisability of the study. Originality/Value The study uses proprietary data obtained from the UK Environmental Agency to provide evidence for the first time how corporate boards affect the chances of a listed firm being convicted of an environmental offence in the UK.

Item Type:Article
ISSN:1758-6054
Uncontrolled Keywords:corporate boards ; environmental offence conviction ; marginal effects ; United Kingdom
Group:Faculty of Management
ID Code:26521
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:24 Jan 2017 12:01
Last Modified:03 May 2017 13:41

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