Accounting for the future: How will corporate business models deliver sustainability?

Abstract

This paper considers the information value of carbon-emissions disclosures for investors. Our argument is that Financial Institutions (FIs) do need to map the carbon-financial intensity of corporate activities so as to provide investors with higher returns on capital relative to the carbon emissions attached to this capital. Our analysis maps out carbon-financial risks in the S&P500 constituent companies that are domiciled in the US and capturing approximately 82% of the total U.S. equity market value. We examine the extent to which carbon-financial risk has already impacted on the allocation of capital (debt and equity) and market value exposure from carbon emissions in the S&P500. Our analysis of carbon generating and carbon dependent business models in the S&P 500 reveals a complex and interconnected physical-financial value chain. This new insight will force FIs to now become active investor’s rather than simply investing (or disinvesting) at a distance in order to secure a long-term decarbonisation of their portfolios. This papers also argues for new innovative disclosures such as company’s reporting their top 10 material carbon-stakeholder relations. This would help FIs understand a company’s business model in terms of carbon interdependency and inform regulatory and technical interventions thereby avoiding the possibility of a disruptive evacuation of capital from carbon-intensive business models.

Information security economics: cyber security threats

“…In addition to this, there is no standardisation of cyber-attacks reporting and that could be introduced in the non-financial reporting, to indicate protection of the value of the money put at risk in the business. This will also create a sense of security for customers and creditors sending a message in the market (Tra et al 2019;Roman et al 2019, Haslam et al, 2019.…”

Sports Forensic: Academic and Practical Approaches

“…Sustainability is a perspective that is finding its way more and more into sports as a matter of corruption diminishing strategy. Sustainability generally improves on objectives, adds further utility, makes teams stronger and provide data in certain known templates (Haslam et al, 2019;Hoinaru et al, 2021). This would be useful to map out the larger involvement of organised crime in sports corruption as well as notice in a easier way cooking the books activities and suspicious behaviour.…”

Connections between the Model of the Supreme Public Audit Institution and Some Economic, Social, Political, and Cultural Variables

“…In most cases, there is transfer of behaviours from either private or international organizations. These behavioural diffusion and contagion have also been studied through the transmission of accounting standards, especially international ones (Judge et al, 2010;Cordery & Hay, 2020;Haslam et al, 2017;Haslam et al, 2019). In these empirical studies, isomorphism was studied by comparison with some variables that can approximate a national behaviour, such as different levels of education, various domestic or international accounting norms and some specific auditing activities.…”