Journal of Environmental Science International (한국환경과학회지)

The Korean Environmental Sciences Society (한국환경과학회)
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Study on the Relationship between Ownership Structure and Environmental Information Disclosure in GRI Reports

GRI 보고서 상의 환경정보 공시수준과 소유구조와의 관계

  • Bae, Seong Mi (Department of Sustainability Management, Inha University) ;
  • Han, Tae Il (Department of Sustainability Management, Inha University) ;
  • Kim, Jong Dae (College of Business Administration, Inha University)
  • 배성미 (인하대학교 지속가능경영학과) ;
  • 한태일 (인하대학교 지속가능경영학과) ;
  • 김종대 (인하대학교 경영학과)
  • Received : 2018.07.03
  • Accepted : 2018.08.02
  • Published : 2018.08.31
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Abstract

Few prior studies investigated the correlation between corporate ownership structure and environmental information disclosure. Using environmental index disclosure in GRI (Global Reporting Initiative) reports of the Korean companies, the study examines the effects of ownership structure on the magnitude of environmental information disclosure. A total of 220 firm-years during 2013-2016 period are analyzed. The empirical results of the study indicate that the institutional and foreign investors' ownership have positive correlations with environmental information disclosure, while the executives' within board of directors has a negative correlation. The ownership by largest shareholders including those with special interests shows no significant relationship with the environmental information disclosure.

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References

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