No Cover Image

Journal article 75 views 4 downloads

Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks

Rasim Simsek Orcid Logo, Sabur Mollah Orcid Logo, Tunyi Tunyi Abongeh Orcid Logo

Business Strategy and the Environment

Swansea University Author: Tunyi Tunyi Abongeh Orcid Logo

  • Bus Strat Env - 2024 - Simsek - Corporate governance structure and climate‐related financial disclosure Conventional banks.pdf

    PDF | Version of Record

    © 2024 The Authors. This is an open access article under the terms of the Creative Commons Attribution License.

    Download (2.16MB)

Check full text

DOI (Published version): 10.1002/bse.3753

Abstract

This paper examines whether the different corporate governance structures of conventional banks (CBs) and Islamic banks (IBs) have varying effects on their respective climate-related disclosure (CRD). Employing a unique dataset of CBs and IBs' CRD and corporate governance structures for the per...

Full description

Published in: Business Strategy and the Environment
ISSN: 0964-4733 1099-0836
Published: Wiley 2024
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa66231
Tags: Add Tag
No Tags, Be the first to tag this record!
Abstract: This paper examines whether the different corporate governance structures of conventional banks (CBs) and Islamic banks (IBs) have varying effects on their respective climate-related disclosure (CRD). Employing a unique dataset of CBs and IBs' CRD and corporate governance structures for the period of 2016–2019, we found that their respective corporate governance structures did indeed affect their CRD in different ways. Our findings suggest that CBs disclose more climate-related information than IBs because IBs focus on Sharia compliance which does not emphasise the protection of the environment, while CBs may be more responsive to shareholders' and stakeholders' demands on climate and environment. These effects were stronger with the quality of governance, that is, CBs disclose more climate-related information with the governance quality, while IBs disclose even less when their governance quality increases. The findings of this study have important implications for climate change, especially the Paris Accord and The 26th Meeting of the Conference of Parties (COP26). There are also policy implications for sustainable financial markets and the financial services sector.
Keywords: board of directors, climate-related disclosure (CRD), conventional banks, corporate governance,Islamic banks
College: Faculty of Humanities and Social Sciences

Similar Items