Environmental and social concerns of stakeholders and corporate governance in Germany

Zahid Irshad Younas; Mamdouh Abdulaziz Saleh Al-Faryan

doi:10.4236/tel.2021.115056

Environmental and social concerns of stakeholders and corporate governance in Germany

Zahid Irshad Younas, Mamdouh Abdulaziz Saleh Al-Faryan

University of Portsmouth

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Abstract

This study explores the overall effects of corporate governance practices and features of board effectiveness on the environmental and social (ES) concerns of stakeholders in Germany. The research presents ES concerns through ES indices. The study uses the data of listed firms in Germany for the period 2004-2017. The study finds that overall measurement of corporate governance in firms in Germany decreases the ES concerns of stakeholders. However, when various features of corporate boards are used as measures of corporate governance, it finds that if the chairman is an ex-CEO, there are significantly higher ES concerns for stakeholders in Germany.

Original language	English
Pages (from-to)	881-888
Number of pages	8
Journal	Theoretical Economics Letters
Volume	11
Issue number	5
Early online date	30 Sept 2021
DOIs	https://doi.org/10.4236/tel.2021.115056
Publication status	Published - 1 Oct 2021

Keywords

stakeholders
corporate governance
GMM
stakeholder concerns

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tel_2021092914171186Final published version, 321 KBLicence: CC BY

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AB - This study explores the overall effects of corporate governance practices and features of board effectiveness on the environmental and social (ES) concerns of stakeholders in Germany. The research presents ES concerns through ES indices. The study uses the data of listed firms in Germany for the period 2004-2017. The study finds that overall measurement of corporate governance in firms in Germany decreases the ES concerns of stakeholders. However, when various features of corporate boards are used as measures of corporate governance, it finds that if the chairman is an ex-CEO, there are significantly higher ES concerns for stakeholders in Germany.

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Environmental and social concerns of stakeholders and corporate governance in Germany

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Keywords

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