Carbon Emissions and Firm Performance: Evidence from Financial and Non-Financial Firms from Selected Emerging Economies

Miah, Mohammad Dulal; Hasan, Rashedul; Usman, M.

doi:10.3390/su132313281

Cited by 15 publications

(8 citation statements)

References 53 publications

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“…Porter (1996) argues that strict environmental regulations harness a firm's competitive advantage. In line with this argument, Gerged (2021), Bose et al (2018), Miah et al (2021), andSharmeen et al (2019) find that firms' environmental performance increases their market value by reducing regulatory and litigation risks (Blacconiere & Patten, 1994), increasing credit ratings (Safiullah & Shamsuddin, 2021), and lowering funding cost (El Ghoul et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 97%

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

2022

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The paper examines the impact of banks environmental performance on their financial and market performance. We collect data from 56 gulf cooperative council (GCC) banks for the period 2010–2019. We apply ordinary least square (OLS), fixed effect, and generalized method of moments (GMM) estimation techniques and show that GCC banks' environmental performance negatively affects their accounting performance. The results, however, exhibit no significant impact of banks' environmental performance on market performance. Moreover, conventional banks have better environmental performance than their Islamic counterparts. Our results are consistent across different estimation techniques after controlling for endogeneity issues. The findings of the study are novel and offer important policy implications for management, regulatory authority, and environmental activists.

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Section: Literature Reviewmentioning

confidence: 97%

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

2022

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“…Volume emisi karbon yang tinggi menunjukan buruknya kinerja lingkungan akibatnya perusahaan dengan emisi karbon tinggi semakin bertanggung jawab untuk meminimalisir eksternalitas negatif. Perusahaan yang gagal memenuhi persyaratan sosial ini dapat menghadapi konsekuensi sosial yang merugikan (Miah et al, 2021). Berdasarkan teori sinyal, perusahaan dengan emisi karbon yang tinggi akan mengalami peningkatan biaya modal perusahaan, kepatuhan terhadap peraturan, dan biaya hukum.…”

Section: Pengembangan Hipotesis Pengaruh Volume Emisi Karbon Terhadap...unclassified

“…Berdasarkan teori sinyal, perusahaan dengan emisi karbon yang tinggi akan mengalami peningkatan biaya modal perusahaan, kepatuhan terhadap peraturan, dan biaya hukum. Selain itu, emisi karbon juga menurunkan reputasi perusahaan yang mengarah pada penurunan kinerja keuangan dan nilai perusahaan dengan emisi karbon tinggi (Miah et al, 2021). Maka dari itu, hipotesis pertama dari penelitian ini adalah :…”

Section: Pengembangan Hipotesis Pengaruh Volume Emisi Karbon Terhadap...unclassified

“…Hal tersebut sesuai dengan penelitian dari Jaehong et al (2021), Hardiyansah et al (2021), dan Kurnia et al (2020) yang mendapatkan pengungkapan emisi karbon berpengaruh positif terhadap nilai perusahaan. Berbeda dengan penelitian dari Miah et al (2021) yang mendapatkan pengungkapan emisi karbon berpengaruh negatif terhadap nilai perusahaan, serta penelitian dari Asyifa & Burhany (2022) yang tidak mendapati keterkaitan pengungkapan emisi karbon dengan nilai perusahaan.…”

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Pengaruh Volume Emisi Karbon, Pengungkapan Emisi Karbon, Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan

Afnilia,

Christina Dwi Astuti

2023

j. ekon. n.a. econo.

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Penelitian ini bertujuan untuk mengetahui pengaruh volume emisi karbon, pengungkapan emisi karbon, dan tata kelola perusahaan dengan indikator direksi, komisaris independen, komite audit terhadap nilai perusahaan. Sumber data penelitian ini adalah data sekunder yang bersumber dari laporan tahunan dan laporan keberlanjutan perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Adapun fokus penelitian ini adalah perusahaan energi dan barang konsumsi primer karena sektor-sektor tersebut memiliki kontribusi dalam menyumbang emisi karbon di Indonesia. Teknik pengambilan sampel dilakukan dengan teknik purposive sampling dan menghasilkan 81 perusahaan yang memenuhi kriteria. Metode analisis yang digunakan adalah analisis regresi data panel dan diolah dengan aplikasi software E-views versi 10. Hasil penelitian menunjukan bahwa direksi berpengaruh positif terhadap nilai perusahaan. Ukuran perusahaan berpengaruh negatif terhadap nilai perusahaan. Sedangkan volume emisi karbon, pengungkapan emisi karbon, komisaris independen, komite audit, dan leverage tidak berpengaruh terhadap nilai perusahaan.

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“…"Wang et al, (2014);Lewandowski (2017); Butselaar (2020);Miah et al, (2021);Loohuis (2022);Houqe et al, (2022);Busch et al, (2022)" …”

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confidence: 99%

A Research on the Impact of Carbon Emissions on Financial Performance of Companies in the Borsa Istanbul Sustainability Index

Özşahin Koç,

Deran

2024

Alanya Akademik Bakış

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The goal of this study is to reveal the relationship between the amount of carbon emissions that firms emit into the atmosphere and financial performance of the firms. In this context, the data of 41 firms listed in the “Borsa Istanbul Sustainability Index” between 2017-2021 are examined. “Panel data analysis” methods were administered in the research. As consequences of the research, it is inferred that carbon emission intensity, size, leverage and growth variables have a significant impact on “Tobin’s Q Ratio and ROA”. Only the “growth” variable has a significant impact on “ROE”. However, the study shows that total carbon emission has no significant impact on “ROA, Tobin’s Q Ratio and ROE”. Limited research with in this content has been found in the national literature. Within this scope, the study is a pioneering research on determining the relationship between carbon emissions and financial performance of companies traded in the "BIST Sustainability Index" and is assessed to contribute to practitioners and the literature regarding the findings obtained.

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Carbon Emissions and Firm Performance: Evidence from Financial and Non-Financial Firms from Selected Emerging Economies

Cited by 15 publications

References 53 publications

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

Pengaruh Volume Emisi Karbon, Pengungkapan Emisi Karbon, Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan

A Research on the Impact of Carbon Emissions on Financial Performance of Companies in the Borsa Istanbul Sustainability Index

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