Board Size-Independent and ESG Disclosure: Evidence Non-financial ASEAN Industry
Elva Nuraina, Sendy Dwi Haryanto, Destian Villania Putri

Please Just Try to Submit This Sample Abstract
You Can Edit It Again Later

Abstract

Abstract
Purpose- This paper aims to explore the influence of board independence and size on the quality of environmental, social, and governance (ESG) disclosures within non-financial firms across the ASEAN region, particularly in developing economies.
Design/methodology/approach - The authors utilize data from Bloomberg to quantify ESG disclosure levels, analyzing a robust sample consisting of 1,454 observations from non-financial ASEAN firms. Advanced multiple regression techniques are applied to ascertain the impact of specific board independence and size on ESG performance over a five-year period from 2018 to 2023.
Findings - The study findings indicate that board independence positively correlate with improved ESG disclosures. Notably, no significant link was identified between board size and ESG disclosure levels.
Practical implications - Insights from this research underscore the importance of board independence in driving corporate governance and strategic decisions related to ESG transparency. These findings may hold significant implications for policymakers, regulators, and investors, enhancing their ability to make informed, responsible investment choices in the ASEAN market.
Originality/value - This investigation stands out as one of the first empirical studies examining the effects of board independence on ESG disclosures in the context of non-financial firms in the ASEAN region. It provides a unique contribution to the literature, illuminating the critical interplay between board size-independnet and ESG practices, while setting a precedent for future research in develop country
Keywords - Board independence, ESG disclosure, board size, ASEAN, corporate governance.

Keywords: Board independence- ESG disclosure- board size- ASEAN- corporate governance.

Topic: Sustainability accounting