Author(s)

Zahid Irshad Younas¹, Mamdouh Abdulaziz Saleh Al-Faryan^2,3

¹NUST Business School, National University of Sciences and Technology (NUST), Islamabad, Pakistan.
²Department of Economics and Finance, Faculty of Business and Law, University of Portsmouth, Portsmouth, UK.
³Consultant in Economics and Finance, Riyadh, Saudi Arabia.

This study explores the overall effects of corporate governance practices and features of board effectiveness on the environmental and social (ES) concerns of stakeholders in Germany. The research presents ES concerns through ES indices. The study uses the data of listed firms in Germany for the period 2004-2017. The study finds that overall measurement of corporate governance in firms in Germany decreases the ES concerns of stakeholders. However, when various features of corporate boards are used as measures of corporate governance, it finds that if the chairman is an ex-CEO, there are significantly higher ES concerns for stakeholders in Germany.

Stakeholders, Corporate Governance, GMM, Stakeholder Concerns

Younas, Z. and Al-Faryan, M. (2021) Environmental and Social Concerns of Stakeholders and Corporate Governance in Germany. Theoretical Economics Letters, 11, 881-888. doi: 10.4236/tel.2021.115056.