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

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.