How far corporate governance and firms' characteristics are relevant toward environmental sustainability? An empirical investigation

Abstract

PurposeThe study aims to focus to ascertain the consequence of corporate management and different firms' characteristics on environmental sustainability.Design/methodology/approachThe sample includes 78 non-financial NSE 100 listed companies from 2010 to 2020. Here, the static and Arellano–Bond dynamic panel data model is considered to determine the effect of corporate governance mechanisms and different firms’ characteristics on environmental performance.FindingsThe empirical findings of this study indicate that board size is negatively related with environmental sustainability. Similarly a positive influence of age, size and market-based financial performance can be seen on sustainability of the firm.Originality/valueThe present study takes an initiative to determine endogeneity and the dynamism effect of corporate governance factors and specific firms' characteristics on environmental sustainability from an emergent nation.