Electoral system, corporate political donation, and carbon emission intensity: Cross‐country evidence
| Autor: | Tarek Rana, Dessalegn Getie Mihret, Mohammad Badrul Muttakin |
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| Rok vydání: | 2020 |
| Předmět: |
Public economics
Strategy and Management Corporate governance 05 social sciences Geography Planning and Development 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences Emission intensity Voluntary disclosure Environmental studies Politics Business economics Donation 0502 economics and business Strategic management Business Business and International Management 050203 business & management 0105 earth and related environmental sciences |
| Zdroj: | Business Strategy and the Environment. 30:1767-1779 |
| ISSN: | 1099-0836 0964-4733 |
| DOI: | 10.1002/bse.2714 |
| Popis: | We examine the association between a country's electoral system and greenhouse gas (GHG) emission intensity of firms and explore whether this association is influenced by corporate political donation. The study draws on the neo‐pluralist theory of power in society to examine how possible corporate influence in the electoral systems relates to corporate environmental performance. Using a cross‐country panel dataset, we find that companies operating in countries using majoritarian electoral systems (MAJ), where corporations have a relatively low influence on election outcomes, are associated with lower GHG emission intensity than those in proportional electoral systems, after controlling for macro‐economic factors and variations in firm characteristics. Further, our findings show that corporate political donation positively moderates the association between MAJ and GHG emission intensity. Our results suggest that corporations are likely to utilise political donations as a component of business strategy to ease the regulatory actions of the state on companies. The results are robust to alternative variable measurements and tests of sensitivity. |
| Databáze: | OpenAIRE |
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