The impact of board and hotel characteristics on biodiversity reporting: market diversification as a moderator

Abstract

Purpose

This study aims to explain how board and hotel characteristics affect biodiversity reporting and to test the moderating effect of market diversification.

Design/methodology/approach

The annual reports of 105 hotels were examined for the period between 2016 and 2017 to analyse these hotels’ biodiversity reporting using content analysis. The partial least squares technique was used to test the proposed relationships.

Findings

The results show that the number of board members who are also on the corporate social responsibility committee, number of board members who are in environmental organizations, the star rating of the hotel, hotel size and hotel location have significant positive effects on the extent of biodiversity reporting. In addition, market diversification moderates positively the effects of number of board members with environmental experience and number of board members from environmental organizations on the extent of biodiversity reporting.

Practical implications

The results of this study will be useful in enabling hotel manager and investors to become knowledgeable about these aspects of boards, which lead to higher biodiversity reporting. This study can also inform policymakers about the types of hotels that are less likely to disclose biodiversity reports and to develop effective enforcement of regulations.

Originality/value

These findings extend the literature on biodiversity reporting by exploring the importance of board and hotel characteristics on the extent of biodiversity reporting and testing the moderating effect of market diversification.

Citation

Mahyuddin, E.F.B.H., Iranmanesh, M., Amran, A. and Foroughi, B. (2022), "The impact of board and hotel characteristics on biodiversity reporting: market diversification as a moderator", Social Responsibility Journal, Vol. 18 No. 2, pp. 403-423. https://doi.org/10.1108/SRJ-02-2019-0072