Resumen
Corporate governance plays a crucial role in mitigating information asymmetry through financial reporting. However, its application to non-financial reporting remains uncertain, particularly in developing economies. Governments and stakeholders in this field have taken a keen interest in carbon disclosure among non-financial reporting practices due to its direct contribution to mitigating climate change and enhancing firm value. Nevertheless, there remains a dearth of consensus in the existing corpus of literature concerning the influence of board attributes on carbon disclosure. It is particularly valid in markets where the significant presence of family firms could influence governance practices. This paper investigates the existing literature on four board attributes (gender diversity, board independence, board size, and environmental committee) concerning carbon disclosure. We analyzed 140 publicly traded Mexican companies between 2015 and 2020. The findings indicate that all four board attributes positively influence carbon disclosure. Following stakeholder theory, we provide empirical evidence that corporate governance's monitoring and supervising mechanisms improve carbon disclosure, addressing various stakeholders’ interests.
Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
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