Final published version, 920 KB, PDF document
Research output: Working paper
Research output: Working paper
}
TY - UNPB
T1 - Director appointments, boardroom networks, and firm environmental performance
AU - Chen, Mingyuan
AU - De Silva, Dakshina
AU - Slechten, Aurelie
PY - 2021/7/22
Y1 - 2021/7/22
N2 - Using BoardEx (2000{2017), we create a dynamic network connecting firms andboard directors for the United States. We use the Environmental Protection Agency's Toxic Release Inventory to measure environmental performance at the director and rm-level. We examine how a candidate's environmental performance and networks affect director appointments. This allows us to endogenize the effect of directors' environmental experience when studying the impact on firms' chemical releases. We show that firms are likely to appoint influential directors with good environmental records and similar characteristics. Further, boards with good environmental performance and with diverse environmental backgrounds improve firms' environmental performance.
AB - Using BoardEx (2000{2017), we create a dynamic network connecting firms andboard directors for the United States. We use the Environmental Protection Agency's Toxic Release Inventory to measure environmental performance at the director and rm-level. We examine how a candidate's environmental performance and networks affect director appointments. This allows us to endogenize the effect of directors' environmental experience when studying the impact on firms' chemical releases. We show that firms are likely to appoint influential directors with good environmental records and similar characteristics. Further, boards with good environmental performance and with diverse environmental backgrounds improve firms' environmental performance.
KW - Network Formation
KW - Firm Organization
KW - Toxic Release
KW - Board of directors
M3 - Working paper
T3 - Economics Working Papers Series
BT - Director appointments, boardroom networks, and firm environmental performance
PB - Lancaster University, Department of Economics
CY - Lancaster
ER -