The influence of managers' awareness of climate change, perceived climate risk exposure and risk tolerance on the adoption of corporate responses to climate change
| Autor: | Tiberio Daddi, Francesco Testa, Fabio Iraldo, Niccolò Maria Todaro |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Sustainable development
Public economics Strategy and Management media_common.quotation_subject Climate risk 05 social sciences Geography Planning and Development Global warming Climate change 010501 environmental sciences Management Monitoring Policy and Law Moderation 01 natural sciences Corporate sustainability Action (philosophy) Perception 0502 economics and business Business Business and International Management 050203 business & management 0105 earth and related environmental sciences media_common |
| Zdroj: | Business Strategy and the Environment. 30:1232-1248 |
| ISSN: | 1099-0836 0964-4733 |
| DOI: | 10.1002/bse.2681 |
| Popis: | Uncertainties posed by climate change limit companies' ability to understand implications of global warming on business and society at large, hampering the adoption of tangible organizational responses to climate change. Understanding climate action thus requires to investigate influential factors of decision‐making under uncertainty, which implies acknowledging managerial interpretations and perceptions about climate issues. Drawing insights from the literature on climate inaction and from corporate sustainability literature, the present study examines awareness of climate change and perceived exposure to climate risks as antecedents of corporate responses to climate change, drawing on a survey of managers of Italian manufacturing companies. In addition, the study tests the moderation of risk tolerance on the relation between perceived climate risk exposure and climate action, suggesting that risk attitudes are a significant factor of decision‐making under climate uncertainty. The results support the hypothesis of the model and thus provide several contributions to the literature on business and climate change. Managerial implications and avenues for future research are also discussed. |
| Databáze: | OpenAIRE |
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