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March 10, 2026International Journal of Business Innovation and Research0 citations

Do corporate governance and firm-specific characteristics affect the environmental sustainability of India? A panel data approach

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SGSuchismita GhoshRPRitu PareekTSTarak Nath Sahu

Key Points

  • The research aims to examine how corporate governance factors and firm-specific characteristics influence environmental sustainability practices in India.
  • Analyzed data from 100 non-financial firms on the National Stock Exchange of India from 2010 to 2021.
  • Utilized a two-staged GMM-based dynamic panel data regression approach for analysis.
  • Corporate governance factors, such as board size and CEO duality, positively influence environmental practices.
  • Firm-specific characteristics like age and liquidity have positive impacts on disclosure practices.
  • However, firm size negatively affects disclosure practices.

Abstract

In the new economy, this study concentrates on analysing the connection of corporate governance (CG) factors and firm-specific characteristics on sustainability practices when the natural environment and associated strategic prospects have augmented in importance. The population used in this study were 100 non-financial firms that are registered on National Stock Exchange (NSE) index of India from 2010 to 2021. In this study, two staged GMM-based dynamic panel data regression approach has been incorporated as analysis method. The result discloses a positive effect of CG factors like board size, board meetings, and CEO duality on environmental practices. But in the case of firm-specific characteristics, there exists a positive influence of age, liquidity on disclosure practices and negative impact of firm size on disclosure practices. The outcomes also provide a motivation for corporations to develop precise resources and capabilities in important areas that are of concern to appropriate investors.

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Cite This Study

Ghosh et al. (2026) studied this question.

synapsesocial.com/papers/69af944f70916d39fea4b5e6https://doi.org/10.1504/ijbir.2026.152077
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