Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/27255
Title: The emission trading system, risk management committee and voluntary corporate response to climate change - a CDP study
Contributor(s): Hossain, Mohammed (author); Farooque, Omar  (author)orcid 
Publication Date: 2019
DOI: 10.1108/IJAIM-04-2017-0050
Handle Link: https://hdl.handle.net/1959.11/27255
Abstract: Purpose: The purpose of this study is to examine the impact of emission trading system, board risk management committee and firm age on firms’ responsiveness to climate change in Carbon Disclosure Project (CDP) 2011. More specifically, this study investigates whether global corporation’s responses on carbon-related disclosure are influenced by some specific attributes. Design/methodology/approach: The study covers a sample of 500 companies in 38 countries in 12 geographical locations. It uses the carbon disclosure scores in the CDP 2011 as the dependent variable. The authors estimate the OLS regression model to investigate the hypotheses. Findings: The findings demonstrate that the presence of an emission trading system, a board risk management committee and the firm age have a significant positive relationship with carbon disclosure scores (i.e. CDP scores). However, the impacts of the board risk management committee and firm age on CDP scores are not moderated by the emission trading system at the firm level, suggesting that they have an independent and substitutive effect on climate change-related risk disclosure. Originality/value: The study may be of relevance to investors and other stakeholders in evaluating the accountability of companies in relation to strategies for managing climate risk.
Publication Type: Journal Article
Source of Publication: International Journal of Accounting & Information Management, 27(2), p. 262-283
Publisher: Emerald Publishing Limited
Place of Publication: United Kingdom
ISSN: 1758-9037
1834-7649
Fields of Research (FoR) 2008: 150101 Accounting Theory and Standards
150106 Sustainability Accounting and Reporting
150303 Corporate Governance and Stakeholder Engagement
Fields of Research (FoR) 2020: 350701 Corporate governance
350101 Accounting theory and standards
350107 Sustainability accounting and reporting
Socio-Economic Objective (SEO) 2008: 910402 Management
900201 Administration and Business Support Services
910103 Economic Growth
Socio-Economic Objective (SEO) 2020: 150302 Management
110301 Administration and business support services
150203 Economic growth
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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