The Role of Corporate Governance and Environmental Committees on Greenhouse Gas Disclosure
Abstract
The study aims to determine the impact of corporate governance (board of commissioners, directors and gender diversity) and environmental committees in greenhouse gas disclosure. The sampling method in this study using purposive sampling method with a total of 26 manufacturing companies listed in Indonesia Stock Exchange by using multiple regression analysis. The results show that the role of the board of commissioners has not been able to provide control over the reduction of greenhouse gases on the company, the board of directors has no effect on the disclosure of greenhouse gases refuse to make emission gas reduction due to litigation pressure and expenditure, gender diversity has not been able to control the role of women and men in decision-making and risk and environmental committees have been little able to contribute to the disclosure of greenhouse gases as it is expected that the establishment of an environmental committee on the company.
References
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[24] Prado-Lorenzo, J. M., and Garcia-Sanchez, I. M. 2010. The Role of the Board of Directors in Disseminating Relevant Information on Greenhouse Gases. Journal of Business Ethics, 97(3): 391–424. https://doi.org/10.1007/s10551-010-0515-0
[25] Rankin, M., Windsor, C., and Wahyuni, D. 2011. An investigation of voluntary corporate greenhouse gas emissions reporting in a market governance system. Accounting, Auditing & Accountability Journal, 24(8): 1037–1070. https://doi.org/10.1108/09513571111184751
[26] Smith, R. L. 1989. Extreme Value Analysis of Environmental Time Series: An Application to Trend Detection in Ground-Level Ozone. Statistical Science, 4: 367–377. https://doi.org/10.1214/ss/1177012400
[27] Sun, N., Salama, A., Hussainey, K., and Habbash, M. 2010. Corporate environmental disclosure, corporate governance and earnings management. Managerial Auditing Journal, 25(7): 679–700. https://doi.org/10.1108/02686901011061351
[28] Tauringana, V., and Chithambo, L. 2014. The effect of DEFRA guidance on greenhouse gas disclosure. The British Accounting Review, 47(4): 1–20. https://doi.org/10.1016/j.bar.2014.07.002
[29] Yunus, S., Elijido-Ten, E., and Abhayawansa, S. 2016. Determinants of Carbon Management Strategy Sdoption. Managerial Auditing Journal, 31(2): 156–179. https://doi.org/10.1108/MAJ-09-2014-1087
[2] Anggraeni, D. Y. 2015. Pengungkapan Emisi Gas Rumah Kaca, Kinerja Lingkungan, Dan Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan Indonesia, 12(2): 1–18.
[3] Annandale, D., Morrison-Saunders, A., and Bouma, G. 2004. The impact of voluntary environmental protection instruments on company environmental performance. Business Strategy and the Environment, 13(1): 1–12. https://doi.org/10.1002/bse.390
[4] Anwar, S. N. 2016. Pengaruh Corporate Governance Terhadap Carbon Emission Disclosure. Skripsi. Universitas Diponegoro, Semarang.
[5] Ashforth, B. E., and Gibbs, B. W. 1990. The Double-Edge of Organizational Legitimation. Organization Science, 1(2): 177–194. https://doi.org/10.1287/orsc.1.2.177
[6] Berthelot, S., and Robert, A.-M. 2011. Climate change disclosures: An examination of Canadian oil and gas firms. Issues in Social & Environmental Accounting, 5(1): 106–123. Available at: http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=70291428&site=ehost-live&scope=site
[7] Brammer, S., Millington, A., Rayton, B., Pardo, C., Stephan, C., Pettigrew, A., and Heath, R. 2007. The Contribution of Corporate Social Responsibility to Organisational Commitment This working paper is produced for discussion purposes only . The papers are expected to be published in due course , in revised form and should not be quoted without the aut. International Journal of Human Resource Management, 18(10): 1701–1719.
[8] Choi, B. B., Lee, D., and Psaros, J. 2013. An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1): 58–79. https://doi.org/10.1108/01140581311318968
[9] Effendi, B., Uzliawati, L., and Yulianto, A. S. 2012. Pengaruh Dewan Komisaris Terhadap Environmental Disclosure Pada Perusahaan Manufaktur Yang Listing Di Bei Tahun 2008- 2011. Simposium Nasional Akuntansi XV, 1–25.
[10] Fidanoski, F., Simeonovski, K., and Mateska, V. 2014. The Impact of Board Diversity on Corporate Performance: New Evidence from Southeast Europe. Advances in Financial Economics (Vol. 17). https://doi.org/10.1108/S1569-373220140000017003
[11] Ghozali, I. 2011. Aplikasi Analisis Multivariate Dengan Program IBM dan SPSS. In aplikasi analisis multivariate dengan program ibm spss 19. https://doi.org/10.2307/1579941
[12] Huse, M., and Grethe Solberg, A. 2006. Gender related boardroom dynamics: How women make and can make contributions on corporate boards. Women in Management Review, 21(2): 113–130. https://doi.org/10.1108/09649420610650693
[13] Liao, L., Luo, L., and Tang, Q. 2015. Gender diversity, board independence, environmental committee and greenhouse gas disclosure. British Accounting Review, 47(4): 409–424. https://doi.org/10.1016/j.bar.2014.01.002
[14] Lipton, M., and Lorsch, J. W. 1992. A Modest Proposal for Improved Corporate Governance. The Business Lawyer, 48(1): 59–77. Available at: http://www.jstor.org/stable/40687360
[15] Majid, R. A., and Ghozali, I. 2015. Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Emisi Gas Rumah Kaca Pada Perusahaan Di Indonesia. Diponegoro Journal of Accounting, 4(4): 1–11.
[16] Manurung, D. T. ., Kusumah, R. W. R., Hapsari, D. W., and Husnatarina, F. (2017). Effect of Corporate Governance, Financial Performance and Environmental Performance on Corporate Social Responsibility Disclosure. International Journal of Arts and Commerce, 6(5): 15–28. Available at: http://www.ijac.org.uk/
[17] Nainggolan, N. E. 2015. Pengaruh Struktur Corporate Governance Terhadap Pengungkapan Lingkungan (Studi Empiris pada Perusahaan Non-Keuangan yang terdaftar di Bursa Efek Indonesia Periode 2011-2013). Skripsi. Universitas Diponegoro.
[18] Nainggolan, N. E., and Rohman, A. 2012. Pengaruh Struktur Corporate Governance terhadap Pengungkapan Lingkungan (Studi pada Perusahaan Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2010). Diponegoro Journal of Accounting, 4(2): 1–9.
[19] Neu, D., Warsame, H., and Pedwell, K. 1998a. Managing Public Impressions: Environmental Disclosures in Annual Reports. Accounting, Organizations and Society, 23(3): 265–282. https://doi.org/10.1016/S0361-3682(97)00008-1
[20] Neu, D., Warsame, H., and Pedwell, K. 1998b. Managing Public Impressions: Environmental Disclosures In Annual Reports. Accounting, Organizations and Society, 23(3): 265–282. https://doi.org/http://dx.doi.org/10.1016/S0361-3682(97)00008-1
[21] Post, C., Rahman, N., and Rubow, E. 2011. Green Governance: Boards of Directors’ Composition and Environmental Corporate Social Responsibility. Business & Society (Vol. 50). https://doi.org/10.1177/0007650310394642
[22] Pradini, H. S. 2013. The Analysis of Information Content towards Greenhouse Gas Emissions Disclosure in Indonesia Companies, 1–76.
[23] Prado-Lorenzo, J.-M., Rodríguez-Domínguez, L., Gallego-Álvarez, I., and García-Sánchez, I.-M. 2009. Factors influencing the disclosure of greenhouse gas emissions in companies world-wide. Management Decision, 47(7): 1133–1157. https://doi.org/10.1108/00251740910978340
[24] Prado-Lorenzo, J. M., and Garcia-Sanchez, I. M. 2010. The Role of the Board of Directors in Disseminating Relevant Information on Greenhouse Gases. Journal of Business Ethics, 97(3): 391–424. https://doi.org/10.1007/s10551-010-0515-0
[25] Rankin, M., Windsor, C., and Wahyuni, D. 2011. An investigation of voluntary corporate greenhouse gas emissions reporting in a market governance system. Accounting, Auditing & Accountability Journal, 24(8): 1037–1070. https://doi.org/10.1108/09513571111184751
[26] Smith, R. L. 1989. Extreme Value Analysis of Environmental Time Series: An Application to Trend Detection in Ground-Level Ozone. Statistical Science, 4: 367–377. https://doi.org/10.1214/ss/1177012400
[27] Sun, N., Salama, A., Hussainey, K., and Habbash, M. 2010. Corporate environmental disclosure, corporate governance and earnings management. Managerial Auditing Journal, 25(7): 679–700. https://doi.org/10.1108/02686901011061351
[28] Tauringana, V., and Chithambo, L. 2014. The effect of DEFRA guidance on greenhouse gas disclosure. The British Accounting Review, 47(4): 1–20. https://doi.org/10.1016/j.bar.2014.07.002
[29] Yunus, S., Elijido-Ten, E., and Abhayawansa, S. 2016. Determinants of Carbon Management Strategy Sdoption. Managerial Auditing Journal, 31(2): 156–179. https://doi.org/10.1108/MAJ-09-2014-1087
Published
2019-03-01
How to Cite
MANURUNG, Daniel T. H et al.
The Role of Corporate Governance and Environmental Committees on Greenhouse Gas Disclosure.
Journal of Environmental Management and Tourism, [S.l.], v. 9, n. 7, p. 1403-1413, mar. 2019.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/2730>. Date accessed: 26 apr. 2024.
doi: https://doi.org/10.14505//jemt.v9.7(31).05.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.