The effects of corporate governance on environmental sustainability reporting: empirical evidence from South Asian countries

Asian Journal of Sustainability and Social Responsibility

Table 3 Descriptive statistics

	N	Mean	Std. Dev.	Min	1Q	Median	3Q	Max
Dependent variable: Environmental Sustainability Reporting Performance Score
ESRPSCORE	326	3.0222	0.4593	1.6094	2.7726	3.1568	3.4012	3.5553
Independent Variable: Ownership and Board Characteristics
FOROWN	326	0.1525	0.1270	0	0.0482	0.1351	0.2236	0.4882
INSTOWN	326	0.1141	0.0870	0	0.0470	0.0971	0.1554	0.3611
DRTOWN	326	0.0005	0.0025	0	0	0	0	0.0174
FAMOWN	326	0.4456	0.2499	0	0.2954	0.4965	0.6317	0.8965
BDIND	326	1.7420	0.4452	0	1.6094	1.7918	2.0794	2.3979
BDSIZE	326	2.3893	0.2557	1.7918	2.1972	2.3979	2.5649	2.9957
BDFEM	326	0.6499	0.4065	0	0.6931	0.6931	0.6931	1.6094
SUSCOMM	326	0.7454	0.4363	0	0	1	1	1
Control variables
GRI_LEVEL	326	0.5828	0.4939	0	0	1	1	1
FSIZE	326	21.3064	1.9287	17.0616	19.7096	21.5911	22.7639	24.9125
M/B	326	0.6171	1.0197	−2.4629	0.0734	0.6359	1.2680	3.1855
ROA	326	0.0828	0.0925	−0.0161	0.0200	0.0557	0.1112	0.5800
LEV	326	0.5209	0.2293	0.0790	0.3430	0.4924	0.7000	0.9385

Note: For firm i and year t
ESRPSCORE environmental sustainability reporting performance score, FOROWN total percentage of share held by foreign institutional investors, INSTOWN total percentage of share held by domestic institutional investors, DRTOWN total percentage of share held by board of directors, FAMOWN total percentage of majority shares held by family members, BDIND natural log of percentage of total independent board members, BDFEM natural log of percentage of total female board members, BDSIZE natural log of percentage of total board members, SUSCOMM dummy variable; CSR/environmental committee = 1; otherwise = 0, GRI_LEVEL dummy variable following G4 = 1; otherwise = 0, FSIZE natural log of market capitalization, M/B natural log of market capitalization divided by equity, ROA net income divided by total assets, LEV natural log of total liability divided by total assets