Randomized trial examines whistleblowing and board oversight in enhancing ESG performance, indicating significant implications for stakeholders.
Key Points
This study investigates the interactions between whistleblowing and board oversight, focusing on their influence on ESG performance in emerging Asian markets.
Analyzed a sample of 5631 firm-year observations from three Asian emerging economies from 2010 to 2023.
Used static and dynamic panel data estimation approaches to address endogeneity concerns.
Examined interactions between whistleblowing, board size, and board independence.
Whistleblowing positively impacts ESG performance; specific metrics were not outlined in the abstract.
Larger and more independent boards amplify the effect of whistleblowing on ESG performance.
Board gender and cultural diversity enhance the positive relationship between whistleblowing and ESG performance.