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Concerns regarding climate changes and greenhouse gas (GHG) emissions have been growing in recent years. Nonetheless, firms are claiming their business burdens in GHG reduction. This study examines whether and how corporate risk is associated with GHG emissions. The previous literature suggests two opposing hypotheses regarding the association. Firms may invest in environmental issues only when firms do not face severe risks in the market. In contrast, environmental efforts could be made strategically to win market competition. By using a firm-level GHG emission dataset in Korea, we find that firm- and market-level risks are positively associated with GHG emissions, supporting the former hypothesis. This result is robust to several measures of corporate risks and GHG emissions. This study provides policy implications related to GHG emissions reduction. [ABSTRACT FROM AUTHOR]

Because of climate change issues, greenhouse gas (GHG) emissions have been emerging as an important research topic in recent years. This study examines the role of corporate governance in reducing GHG emissions by focusing on board independence. We use the industry fixed effect panel regression model to analyze data from 156 listed South Korean firms during the period from 2011 to 2019. Our results suggest that board independence is related positively with the reduction in GHG emissions. In addition, our evidence shows that firms with higher levels of GHG emissions have better financial performance, but board independence weakens the relation. Our findings imply that an independent board tends to focus on balancing the firm's financial versus environmental performance. This quantitative study contributes to our understanding of the effects of corporate effects on firms' GHG emissions and their financial consequences. The findings have implications for corporate managers and policymakers with respect to choosing corporate governance structures that reduce GHG emissions effectively. [ABSTRACT FROM AUTHOR]

Abstract: The recurrence of focal segmental glomerulosclerosis (FSGS) in transplants is a well-known problem in pediatric renal transplantation (Tx). Recently, the race of the recipient was recognized as a major variable associated with disease recurrence. In view of this finding, we report on our single-center experience of FSGS recurrence in Korean children, an ethnically homogeneous Far East Asian population. Clinical records and renal biopsy specimens, both native and graft, were reviewed for all pediatric renal Txs (recipient age ≤ 18 yr) performed at Seoul National University Hospital from 1984 to 1999. Twenty-two children with primary FSGS received 22 allografts for renal replacement. The mean age of disease onset in these patients was 5.9 yr. The grafts were from 12 living-related, six living-unrelated, and four cadaveric donors, and all recipients were immunosuppressed with cyclosporin A (CsA)-based regimens. Post-transplant recurrence of FSGS was confirmed in nine patients (41%). Long-term graft survival in recurrent and non-recurrent groups was not significantly different. Risk factor analysis showed that patients with a disease duration shorter than 48 months (odds ratio 11.7, 95% CI 1.53–89.1) and a glomerulosclerosis percentage of < 55% by renal biopsy (odds ratio 16.0, 95% CI 1.45–176) were at greater risk of disease recurrence. These results suggest that Korean children are similar to non-African-American youngsters in the USA and Europe with respect to post-transplant recurrence of FSGS. The same may be true of other Far Eastern Asian children. [ABSTRACT FROM AUTHOR]