Title: Do corporate governance and firm-specific characteristics affect the environmental sustainability of India? A panel data approach

Authors: Suchismita Ghosh; Ritu Pareek; Tarak Nath Sahu

Addresses: Department of Commerce, Vidyasagar University, Midnapore-721 102, West Bengal, India ' Department of Commerce, Vidyasagar University, Midnapore-721 102, West Bengal, India ' Department of Commerce, Vidyasagar University, Midnapore-721 102, West Bengal, India

Abstract: In the new economy, this study concentrates on analysing the connection of corporate governance (CG) factors and firm-specific characteristics on sustainability practices when the natural environment and associated strategic prospects have augmented in importance. The population used in this study were 100 non-financial firms that are registered on National Stock Exchange (NSE) index of India from 2010 to 2021. In this study, two staged GMM-based dynamic panel data regression approach has been incorporated as analysis method. The result discloses a positive effect of CG factors like board size, board meetings, and CEO duality on environmental practices. But in the case of firm-specific characteristics, there exists a positive influence of age, liquidity on disclosure practices and negative impact of firm size on disclosure practices. The outcomes also provide a motivation for corporations to develop precise resources and capabilities in important areas that are of concern to appropriate investors.

Keywords: corporate governance; firm specific characteristics; environmental sustainability; panel data analysis; India.

DOI: 10.1504/IJBIR.2026.152077

International Journal of Business Innovation and Research, 2026 Vol.39 No.2, pp.238 - 257

Received: 18 Feb 2022
Accepted: 23 Oct 2022
Published online: 06 Mar 2026 *

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