Abstract:

With the rapid development and expansion of the environmental protection market in emerging countries, the layout of the global environmental protection industry begins to be reshaped. The process of environmental protection globalization promotes the active merger and integration of large environmental protection companies. For example, Suez, a large integrated environmental treatment provider, and Econ Chemical, a large chemical company, acquired Nalco and GE water treatment businesses to further enhance their competitiveness in the water treatment market; Veolia Environment has become the world's largest water company through active mergers and acquisitions during its 100 years of development, and has expanded its business scope to water/solid waste/transportation/energy services and other fields, with one-stop service supply capability. Dow Chemical and DuPont completed their $130 billion merger to form Dow DuPont, which will effectively link Dow Chemical's water treatment and process solutions business with DuPont's high-performance materials business. Therefore with increasing environmental issue and problems, this study explore how the female directors’ foreign experience and corporate green commitment in emerging economics like China from 2008 to 2020. We find that female directors’ foreign experience enhance the green commitment in Chinese listed companies. In additional analysis, we find this relationship is more pronounced when one or more foreign directors. Our findings are robustness to different economic techniques and alternatives measure of dependent variables and endogeneity concerns. Overall, our findings show that female directors with foreign experience transmit environmental and sustainable knowledge and practices to Chinese companies.

Please choose your submission type: Full Paper

Primary Track: Corporate Governance

Menu

Mr. Muhammad Jameel Hussain