TY - JOUR
T1 - Antecedent Configurations of ESG Disclosure
T2 - Evidence from the Banking Sector in China
AU - Wu, Jialing
AU - Wang, Daojuan
AU - Fu, Xiaoxia
AU - Meng, Weina
PY - 2023/9/4
Y1 - 2023/9/4
N2 - This study examines the complex joint effect of firm and board characteristics on environ-mental, social, and governance (ESG) disclosure by Chinese listed banks, viewed from a configurational perspective. By utilizing fuzzy-set qualitative comparative analysis (fsQCA) on a sample of 33 Chinese listed banks from 2020, we obtained results that explain some of the inconsistent findings in the current literature and suggest that four specific configurations of firm and board characteristics are equally conducive to high levels of ESG disclosure. Specifically, bank attributes (i.e., size, state ownership, and cross-listing) are the most salient aspects of promoting ESG disclosure, but the final effect relies on a combination of these attributes and other board characteristics (i.e., board size, independence, gender diversity, and a corporate social responsibility committee). We demonstrate the significance of employing configurational thinking to evaluate corporate governance in relation to ESG disclosure. Our findings indicate that the connection between board characteristics and high levels of ESG disclosure varies according to bank attributes.
AB - This study examines the complex joint effect of firm and board characteristics on environ-mental, social, and governance (ESG) disclosure by Chinese listed banks, viewed from a configurational perspective. By utilizing fuzzy-set qualitative comparative analysis (fsQCA) on a sample of 33 Chinese listed banks from 2020, we obtained results that explain some of the inconsistent findings in the current literature and suggest that four specific configurations of firm and board characteristics are equally conducive to high levels of ESG disclosure. Specifically, bank attributes (i.e., size, state ownership, and cross-listing) are the most salient aspects of promoting ESG disclosure, but the final effect relies on a combination of these attributes and other board characteristics (i.e., board size, independence, gender diversity, and a corporate social responsibility committee). We demonstrate the significance of employing configurational thinking to evaluate corporate governance in relation to ESG disclosure. Our findings indicate that the connection between board characteristics and high levels of ESG disclosure varies according to bank attributes.
KW - Board characteristics
KW - Chinese listed banks
KW - ESG disclosure
KW - Firm characteristics
KW - fsQCA
UR - http://www.scopus.com/inward/record.url?scp=85170377575&partnerID=8YFLogxK
U2 - 10.3390/su151713234
DO - 10.3390/su151713234
M3 - Journal article
SN - 2071-1050
VL - 15
JO - Sustainability
JF - Sustainability
IS - 17
M1 - 13234
ER -