Board Characteristics, Country of Origin, and the Decision to Participate in the CDP’s Water Programme

This study examines the propensity of the world’s largest companies to participate in the Carbon Disclosure Project (CDP) water programme. Drawing upon stakeholder theory, we assess the influence of board characteristics and country of origin on the decision of 748 largest companies from 42 countrie...

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Bibliographic Details
Published inSHS Web of Conferences Vol. 36; p. 15
Main Authors Alrazi, Bakhtiar, Mohd Ali, Inaliah, Mat Husin, Norhayati
Format Journal Article Conference Proceeding
LanguageEnglish
Published Les Ulis EDP Sciences 2017
Subjects
board characteristics
CDP water programme
country of origin
stakeholder theory
Stakeholders
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Summary:This study examines the propensity of the world’s largest companies to participate in the Carbon Disclosure Project (CDP) water programme. Drawing upon stakeholder theory, we assess the influence of board characteristics and country of origin on the decision of 748 largest companies from 42 countries to respond to the 2015 CDP water programme. Based on the binary logistic regression, we found that companies which participated in the survey have boards dominated by the independent directors, no specific environmental committee, and were domiciled in countries which placed greater emphasis on the information needs of the shareholders. We also found the evidence of companies operating in high water intensive industries to be more inclined towards participating in the survey. The findings provide tentative evidence to support the arguments of stakeholder theory.
ISSN:2261-2424
2416-5182
2261-2424
DOI:10.1051/shsconf/20173600015