Voluntary disclosure, greenhouse gas emissions and business performance:assessing the first decade of reporting
| Autor: | David C. Broadstock, Alan Collins, Konstantinos Vergos, Lester C. Hunt |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics
Accounting 010501 environmental sciences 01 natural sciences Voluntary disclosure 0502 economics and business Endogeneity 050207 economics Non-linear effect Robustness (economics) 0105 earth and related environmental sciences Carbon emissions business.industry Corporate governance Business performance 05 social sciences voluntary disclosure carbon emissions business performance environmental reporting Greenhouse gas Environmental reporting business Social responsibility Nexus (standard) |
| Zdroj: | Broadstock, D C, Collins, A, Hunt, L & Vergos, K 2018, ' Voluntary disclosure, greenhouse gas emissions and business performance : assessing the first decade of reporting ', The British Accounting Review, vol. 50, no. 1, pp. 48-59 . https://doi.org/10.1016/j.bar.2017.02.002 |
| DOI: | 10.1016/j.bar.2017.02.002 |
| Popis: | This study explores the empirical relationships between GHG emissions and an extensive range of business performance measures for UK FTSE-350 listed firms over the first decade or so of such reporting. Despite the popular and policy generated environmental imperatives over this perioddalong with growing evidence of the corporate added-value of having an ‘environmental conscience’, voluntary disclosure of emissions has been slow to adopt by firms. The leading contribution is to present clear evidence of a non-linear relationship, initially increasing with firm performance and then decreasing. An extensive pattern of non-reporting of emissions is also observed over time, and prior literature has introduced questions of endogeneity existing between firm performance and emissions. Steps are taken to ensure confidence/robustness of the results to these concerns. Accordingly, a two-stage (Heckman-type) selection model is used to analyse the emissions-performance nexus conditional upon the firm choosing to report (i.e. treating the choice to report as being endogenously determined with firm performance). From thisdin addition to confirming the robustness of the non-linear relationshipdit can be observed that the decision to report emissions is not directly influenced by wider social/ governance disclosure attitudes of a firm, thus suggesting that firms disassociate environmental responsibility from social responsibility. |
| Databáze: | OpenAIRE |
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