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Do foreign directors reinforce better waste management? The moderating role of eco-innovation

Lookup NU author(s): Professor Habiba Al-ShaerORCiD

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This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).

Abstract

Prior studies have reported an association between corporate waste management practices and certain board attributes, but none have focused on foreign directors. Therefore, we examine foreign directors’ contributions to firms’ waste management by exclusively focusing on waste reduction and recycling. Furthermore, we explore an important channel through which foreign directors spur better waste management, namely eco-innovation. Drawing on 6,891 observations affiliated with 9 sectors and 46 countries, we execute country, industry, and year fixed-effects regression analysis. We find that while foreign directors on the board are negatively associated with waste generation, they are positively associated with waste recycling. Furthermore, while the eco-innovativeness of firms negatively moderates the association between foreign directors on the board and waste generation, it positively moderates the association between foreign directors on the board and waste recycling. Further channel analyses reveal more insights concerning polluting versus non-polluting and poor versus strong regulatory environments.

Publication metadata

Author(s): Uyar A, Al-Shaer H, Kuzey C, Karaman A

Publication type: Article

Publication status: Published

Journal: Business Strategy and the Environment

Year: 2024

Volume: 33

Issue: 3

Pages: 2040-2065

Print publication date: 01/03/2024

Online publication date: 02/10/2023

Acceptance date: 18/09/2023

Date deposited: 18/09/2023

ISSN (print): 0964-4733

ISSN (electronic): 1099-0836

Publisher: John Wiley & Sons Ltd

URL: https://doi.org/10.1002/bse.3589

DOI: 10.1002/bse.3589

ePrints DOI: 10.57711/q3cy-ys96

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