The Role of Corporate Governance and Executive Compensation Towards Company Greenwashing Behavior in Asean

Published: 13 November 2025| Version 1 | DOI: 10.17632/cp4xd5hbtb.1
Contributor:
Ivan Bryan Hotasi Samosir

Description

This dataset underpins the study “The Role of Corporate Governance and Executive Compensation Towards Company Greenwashing Behavior in ASEAN.” It is a firm-year panel of listed companies from five ASEAN markets (Indonesia, Malaysia, Philippines, Singapore, Thailand) covering 2014–2024. The dataset includes raw governance and financial fields (sourced from Refinitiv) and analysis-ready constructed variables used in the paper: a greenwashing proxy (ESG score minus controversy-adjusted ESG score), board structure metrics (size, independence, gender diversity, including a critical mass ≥30% indicator), an ESG-linked executive compensation dummy, standard controls (firm size, leverage, ROA, market-to-book), and CO₂ emissions (annual, plus log transform). The main estimation sample after standard availability filters contains 2,308 firm-year observations; a CO₂ subsample used in robustness contains 1,971 firm-years. All specifications in the paper use industry and year fixed effects; standard errors are clustered at the firm level. A small set of variables (ROA, leverage, MTB, log CO₂) are winsorized at the 1st–99th percentile for robustness, with original (non-winsorized) versions retained.

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Institutions

  • Bina Nusantara University

Categories

Corporate Governance, Emissions, Board of Directors, Environmental, Social and Corporate Governance, Board Gender Diversity, Board Structure

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