Template-Type: ReDIF-Paper 1.0
Author-Name: Mingyuan Chen
Author-Name-First: Mingyuan
Author-Name-Last: Chen
Author-Name: Dakshina De Silva
Author-Name-First: Dakshina
Author-Name-Last: De Silva
Author-Name: Aurelie Slechten
Author-Name-First: Aurelie
Author-Name-Last: Slechten
Title: Director appointments, boardroom networks, and firm environmental performance
Abstract: Using BoardEx (2000{2017), we create a dynamic network connecting firms and<br/>board directors for the United States. We use the Environmental Protection Agency's Toxic Release Inventory to measure environmental performance at the director and rm-level. We examine how a candidate's environmental  performance and networks affect director appointments. This allows us to endogenize the effect of directors' environmental experience when studying the impact on firms' chemical releases. We show that firms are likely to appoint influential directors with good environmental records and similar characteristics. Further, boards with good environmental performance and with diverse environmental backgrounds improve firms' environmental performance.
Creation-Date: 2021
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2021_008.pdf
File-Format: application/pdf
Number: 332157256
Classification-JEL: D85, L21, Q5
Keywords: Network Formation, Firm Organization, Toxic Release, Board of directors
Handle: RePEc:lan:wpaper:332157256