国际化董事会与企业环境绩效  

The Globalized Board of Directors and Corporate Environmental Performance

作　　者：杜兴强[1] 殷敬伟 张颖[1] 杜颖洁[3] Du Xingqiang

机构地区：[1]厦门大学会计发展研究中心/管理学院,361005 [2]中南大学商学院,410083 [3]上海大学管理学院,200444

出　　处：《会计研究》2021年第10期84-96,共13页Accounting Research

基　　金：国家社会科学基金重大项目《“一带一路”沿线国中国企业审计治理研究》(20&ZD111)的资助。

摘　　要：本文研究了国际化董事会对企业环境绩效的影响,并考察了地区绿色发展水平的调节作用。基于2008-2016年中国上市公司的数据,本文发现国际化董事会与企业环境绩效显著正相关,揭示了国际化董事会强化了企业承担环境责任的道德动机与战略动机,从而提升了企业环境绩效。此外,地区绿色发展水平削弱了国际化董事会与企业环境绩效之间的正向关系。经过一系列敏感性测试,以及控制国际化董事会与企业环境绩效之间的内生性后,上述结论依然成立。This study examines the association between the globalized board of directors and corporate environmental performance,and then investigates the moderating effect of regional green development on the above association.Using a sample from the Chinese stock market during the period of 2008-2016,the findings reveal that the globalized board of directors is significantly positively associated with corporate environmental performance,suggesting that the globalized board of directors can play an important role in strengthening the moral and strategic motivations of corporate environmental responsibility,and enhance corporate environmental performance.Further,regional green development attenuates the positive relation between the globalized board of directors and corporate environmental performance.Above findings are robust to a variety of sensitivity tests and our main conclusions are still valid after controlling for the potential endogeneity between the globalized board of directors and corporate environmental performance.

关 键 词：国际化董事会 地区绿色发展水平 董事会治理 监督和咨询职能 企业环境绩效 

分 类 号：F832.51[经济管理—金融学] X322[环境科学与工程—环境工程] F271