Board characteristics and environmental performance in Indonesian family business
by Tri Damayanti; Haninun Haninun; Lindrianasari Lindrianasari; Aminah Aminah; Nurdiawansyah Nurdiawansyah
International Journal of Trade and Global Markets (IJTGM), Vol. 13, No. 1, 2020

Abstract: This study investigates the impact of board characteristics on environmental performance in listed Indonesian family companies. We analysed 130 listed family firms using unbalanced panel method. Results reveal that board characteristics do not affect environmental performance, i.e., agency problem II. Environmental performance is a strategic non-financial issue, and it has several consequences, including external stakeholders and costs. Environmental performance is also not influenced by family ownership. This finding is important in the international market because many Indonesian family businesses deal with several foreign investors and international business.

Online publication date: Thu, 06-Feb-2020

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