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Table 5 Relations among board independence, board diversity, and board diligence, and the environmental, social, and governance disclosure index

From: ESG in the boardroom: evidence from the Malaysian market

 

% of INDEP DIR

% of WOB

# BOARD_MEET

ROA

Log Firm Size

Leverage

Constant

Model 1: ESG_

0.2873**

0.3865**

-0.2528**

0.0189

3.2987**

-0.0001

-21.7020**

Model 2: Environ_

0.2663**

0.3391**

-0.1785

0.0786

1.5780**

0.0002

-15.1766**

Model 3: Govern_

0.1383**

0.1589**

-0.0701

0.0128

0.7972**

0.0

37.8261**

Model 4: Social

0.3369**

0.4354**

-0.0890

0.0459

1.5607**

-0.0005

-5.4752

  1. Model 1 refers to the relations among board independence, diversity, and diligence, and the composite ESG disclosure score, whilst models 2—4 examine the effect on the environmental, social, and governance disclosure score individually. ****p < 0.000; ***p < 0.01; **p < 0.05