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Corporate boards and environment offence conviction: evidence from the United Kingdom

Corporate boards and environment offence conviction: evidence from the United Kingdom
Corporate boards and environment offence conviction: evidence from the United Kingdom
Purpose: This paper reports the results of an investigation into the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the United Kingdom (UK).

Design/Methodology/Approach: The study uses a probit model to analyse the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the UK, controlling for firm size, financial leverage and profitability.

Findings: The results suggest that the likelihood of a firm being convicted of an environmental offence increases with board size, but decreases with the presence of a woman on the board. No support is found for our hypotheses about the proportion of outside directors and the presence of a lawyer on the board. Marginal effects results also show that adding one member to the board increases the chance of a firm being convicted for an environmental offence by 4.2% while having a woman on the board decreases the likelihood of a firm being convicted of an environmental offence by 31.8%.

Research limitations/implications: The sample size of 55 firms is small which could affect the generalisability of the study.

Originality/Value: The study uses proprietary data obtained from the UK Environmental Agency to provide evidence for the first time how corporate boards affect the chances of a listed firm being convicted of an environmental offence in the UK.
1472-0701
1-42
Tauringana, V.
27634458-b041-4bc1-94da-3e031d777e4f
Radicic, D.
b8a91f29-67c1-4c98-8ff0-54a6dd80257b
Kirkpatrick, A.
a8a1371c-8904-4c5d-9fe4-82f20d79f0fa
Konadu, R.
0b73ef3a-f741-417c-80b0-842c6466e6e0
Tauringana, V.
27634458-b041-4bc1-94da-3e031d777e4f
Radicic, D.
b8a91f29-67c1-4c98-8ff0-54a6dd80257b
Kirkpatrick, A.
a8a1371c-8904-4c5d-9fe4-82f20d79f0fa
Konadu, R.
0b73ef3a-f741-417c-80b0-842c6466e6e0

Tauringana, V., Radicic, D., Kirkpatrick, A. and Konadu, R. (2017) Corporate boards and environment offence conviction: evidence from the United Kingdom. Corporate Governance, 17 (2), 1-42. (doi:10.1108/CG-05-2016-0105).

Record type: Article

Abstract

Purpose: This paper reports the results of an investigation into the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the United Kingdom (UK).

Design/Methodology/Approach: The study uses a probit model to analyse the relationship between corporate boards and the likelihood of a firm being convicted of an environmental offence in the UK, controlling for firm size, financial leverage and profitability.

Findings: The results suggest that the likelihood of a firm being convicted of an environmental offence increases with board size, but decreases with the presence of a woman on the board. No support is found for our hypotheses about the proportion of outside directors and the presence of a lawyer on the board. Marginal effects results also show that adding one member to the board increases the chance of a firm being convicted for an environmental offence by 4.2% while having a woman on the board decreases the likelihood of a firm being convicted of an environmental offence by 31.8%.

Research limitations/implications: The sample size of 55 firms is small which could affect the generalisability of the study.

Originality/Value: The study uses proprietary data obtained from the UK Environmental Agency to provide evidence for the first time how corporate boards affect the chances of a listed firm being convicted of an environmental offence in the UK.

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More information

Accepted/In Press date: 7 October 2016
Published date: 17 April 2017
Organisations: Southampton Business School

Identifiers

Local EPrints ID: 404157
URI: http://eprints.soton.ac.uk/id/eprint/404157
ISSN: 1472-0701
PURE UUID: fce80eab-0b56-4cd1-9a0e-fe6d7b9947f6
ORCID for V. Tauringana: ORCID iD orcid.org/0000-0002-1433-324X

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Date deposited: 03 Jan 2017 11:21
Last modified: 16 Mar 2024 03:58

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Contributors

Author: V. Tauringana ORCID iD
Author: D. Radicic
Author: A. Kirkpatrick
Author: R. Konadu

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