Abstract
Abundant extant literature emphasizes the impact of board members attributes’ influence on environmental information disclosure. Considering the voluntary nature of environmental information disclosure, executives have strong managerial discretion when they make such decisions, so this article focuses on top managers’ influence on environmental information disclosure. We hypothesize that top managers’ educational background and age will affect companies’ environmental decision. The hypotheses are verified with the data from Chinese listed manufacturing companies. As the results show, a Master of Business Administration (MBA) educational background and average age of top managers positively affect environmental information disclosure, while the impact of legal educational background is negative. The company’s environmental performance plays a U-shaped moderating effect on the relationship between MBA educational background and environmental information disclosure.
Highlights
As society and the public pay more attention to environmental issues, environmental information disclosure (EID) has gradually become an important way for companies to communicate with stakeholders [1,2,3,4]
A higher level of education will affect the environmental awareness of board members, so the level of education is proportional to EID [22,23]
Studies have focused on the impact of board members, a small amount of literature has studied the impact of executive characteristics on corporate strategy [41], research linked to EID remains limited
Summary
As society and the public pay more attention to environmental issues, environmental information disclosure (EID) has gradually become an important way for companies to communicate with stakeholders [1,2,3,4]. Legitimacy theory states that EID is a tool for companies to carry out image management, and companies with poor environmental performance could beautify the corporate image by actively publishing environmental information [4,31]. Empirical researches in this domain result in mixed results. Studies have focused on the impact of board members, a small amount of literature has studied the impact of executive characteristics on corporate strategy [41], research linked to EID remains limited. The results show that professional managers will make environmental decisions carefully according to the actual situation of companies This provides evidence for enhanced environmental regulation and information disclosure audits.
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