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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, Volume: 33, Issue: 6, Pages: 5503 - 5528

Swansea University Author: Tunyi Tunyi Abongeh Orcid Logo

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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...

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Published in: Business Strategy and the Environment
ISSN: 0964-4733 1099-0836
Published: Wiley 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa66231
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first_indexed 2024-05-02T09:10:52Z
last_indexed 2024-05-02T09:10:52Z
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spelling v2 66231 2024-05-02 Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks eefe2792c8eed5b49feede33981dfa53 0000-0002-5761-931X Tunyi Tunyi Abongeh Tunyi Tunyi Abongeh true false 2024-05-02 CBAE 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. Journal Article Business Strategy and the Environment 33 6 5503 5528 Wiley 0964-4733 1099-0836 Board of directors, climate-related disclosure (CRD), conventional banks, corporate governance, Islamic banks 4 9 2024 2024-09-04 10.1002/bse.3753 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Another institution paid the OA fee 2024-10-29T12:16:08.8742798 2024-05-02T10:03:50.0614761 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Rasim Simsek 0009-0007-0130-4179 1 Sabur Mollah 0000-0002-6342-8309 2 Tunyi Tunyi Abongeh 0000-0002-5761-931X 3 66231__30224__ef6a958853b24728bb94b8d24ea4a4e6.pdf Bus Strat Env - 2024 - Simsek - Corporate governance structure and climate‐related financial disclosure Conventional banks.pdf 2024-05-02T10:07:37.9888562 Output 2260152 application/pdf Version of Record true © 2024 The Authors. This is an open access article under the terms of the Creative Commons Attribution License. true eng http://creativecommons.org/licenses/by/4.0/
title Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
spellingShingle Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
Tunyi Tunyi Abongeh
title_short Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
title_full Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
title_fullStr Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
title_full_unstemmed Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
title_sort Corporate governance structure and climate‐related financial disclosure: Conventional banks versus Islamic banks
author_id_str_mv eefe2792c8eed5b49feede33981dfa53
author_id_fullname_str_mv eefe2792c8eed5b49feede33981dfa53_***_Tunyi Tunyi Abongeh
author Tunyi Tunyi Abongeh
author2 Rasim Simsek
Sabur Mollah
Tunyi Tunyi Abongeh
format Journal article
container_title Business Strategy and the Environment
container_volume 33
container_issue 6
container_start_page 5503
publishDate 2024
institution Swansea University
issn 0964-4733
1099-0836
doi_str_mv 10.1002/bse.3753
publisher Wiley
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description 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.
published_date 2024-09-04T12:16:07Z
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