Does national carbon pricing policy affect voluntary environmental disclosures? A global evidence

Anwar, Mumtaheena; Rahman, Sohanur; Kabir, Md. Jahangir

doi:10.1007/s10018-020-00287-2

Cited by 7 publications

(7 citation statements)

References 95 publications

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“…Existing literature shows how a country’s governance factors, such as democracy, political stability and regulatory environment, affect a firm’s social and environmental performance (Anwar et al , 2021; Mooneeapen et al , 2022; Muttakin et al , 2022). However, Husted (2005) suggests that political and economic factors are not the sole determining factors of a firm’s environmental concern.…”

Section: Introductionmentioning

confidence: 99%

National culture and firm-level carbon emissions: a global perspective

Rahman

Kabir²,

Talukdar³

et al. 2023

SAMPJ

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Purpose This study aims to examine the association between national culture and corporate carbon emissions. Specifically, the research explores how firm-level carbon emissions are associated with Hofstede’s four cultural dimensions: power distance, individualism/collectivism, masculinity/femininity and uncertainty avoidance. Design/methodology/approach The study examines 36,945 firm-year observations across 39 countries and uses panel regressions to assess the association between firm-level carbon emissions and national culture. This research also uses instrumental variable regression to address the potential endogeneity issues. Alternative proxies for culture are used to test the sensitivity of the findings. Findings The findings of this study reveal that power distance and uncertainty avoidance are negatively while individualism and masculinity are positively associated with corporate carbon emissions. The results are robust to the instrumental regressions and alternative measures of culture. Practical implications For policymakers, this research highlights the importance of national culture in assessing the efficacy of potential emissions reduction policies, identifying the possible challenges posed by the cultural differences of the targeted groups and designing policy adjustments accordingly. The local culture in which the branches of multinational corporations operate should be considered when the management implements emissions reduction policies for the business units in diverse cultural settings. Social implications Aligning emissions reduction policies with regional cultural dimensions has the potential to enhance the effectiveness of corporate and national emissions reduction policies, which can contribute to mitigating global climate change adversities. Originality/value This study provides insights into firm-level carbon emissions and Hofstede’s four cultural dimensions in a global setting.

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Section: Introductionmentioning

confidence: 99%

National culture and firm-level carbon emissions: a global perspective

Rahman

Kabir²,

Talukdar³

et al. 2023

SAMPJ

Self Cite

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“…A large number of environmental reporting studies were conducted by Chatterjee and Zaman Mir (2008), Tilt (2001), Siddique (2015), Plumlee et al (2015), C. Deegan and Rankin (1996), Majumder et al (2019), and Anwar et al (2020), the outcomes of which mainly concentrated on the frequency and types of disclosure.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The study of Sen et al (2011) indicated that the quantity of environment data and the figures of Indian core industries differed across industries and companies, and that the information presented in annual reports was more descriptive than numerical. A large number of environmental reporting studies were conducted by Chatterjee and Zaman Mir (2008), Tilt (2001), Siddique (2015), Plumlee et al (2015), C. Deegan and Rankin (1996), Majumder et al (2019), andAnwar et al (2020), the outcomes of which mainly concentrated on the frequency and types of disclosure.…”

Section: Previous Research On Environmental Reportingmentioning

confidence: 99%

Perceived Pressures and Motivations for Environmental Disclosures: Role of Certification

Chowdhury,

Rahman,

Dey

et al. 2023

SAGE Open

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In light of the gravity of environmental issues, this study investigates the influence of competitive advantage and stakeholder pressure on voluntary environmental disclosures, together with the “certification” mediating variable. The research questions and hypotheses were developed based on the essence of stakeholder and legitimacy theory, within the compass of the resource-based view. Data were collected from numerous listed manufacturing organizations and analyzed following the deductive approach. Structural equation modeling was used to test the hypotheses. The results show that competitive advantage influences and smoothens the attainment of environmental certificates, leading to an impression on voluntary environmental disclosures. The evidence from the study also demystifies the dominance of competitive advantage over environmental disclosures. Furthermore, the associated effect of certification upon environmental disclosure is also established and found worthy. Other factors were not found to be significant. Finally, the study also provides various insightful policy suggestions to the wide range of stakeholders.

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“…Capital market disclosure regulation creates market reactions such as changes in stock prices (Ingram and Chewning, 1983;Pham et al, 2020). Environmental disclosure regulation enhances executives' environmental awareness, stimulates changes in production processes (Lee, 2010), and imposes isomorphic effects on environmental disclosure (Stanny, 1998;Anwar et al, 2021;Wilestari et al, 2021). For instance, the Directive 2014/95/EU contributes to Eidq of listed companies (Caputo et al, 2021).…”

Section: Effects Of Corporate Social Responsibility and Environmental...mentioning

confidence: 99%

Corporate social responsibility regulation in capital market and environmental information disclosure of listed companies: A quasi-natural experiment from China

Zhang

et al. 2022

Front. Environ. Sci.

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Based on a quasi-natural experiment generated by the Shenzhen Stock Exchange (SZSE) of China, which issued the Guidance for Social Responsibility of Listed Companies (referred to as Guidance) in 2006, this paper utilizes a panel dataset of A-share listed companies at Shanghai Stock Exchange (SSE) and SZSE from 2004 to 2008, and employ difference-in-differences (DID) method to investigate impact of the Guidance on environmental information disclosure quality (Eidq) of listed companies. The finding shows that exchange’s corporate social responsibility (CSR) regulation contributes to improving the Eidq of listed companies. Furthermore, policy effects of the Guidance are more significant in eastern region, heavily polluting industries and state-owned enterprises (SOEs). This study provides theoretical evidence and policy implications for the “two-wheel drive” of China’s stock market regulation and social supervision, and for the construction of an environmental information disclosure system that is more targeted in terms of region, industry and property rights, and that effectively promotes fulfillment of environmental governance responsibility by listed companies and guides their sustainable development actions.

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Does national carbon pricing policy affect voluntary environmental disclosures? A global evidence

Cited by 7 publications

References 95 publications

National culture and firm-level carbon emissions: a global perspective

National culture and firm-level carbon emissions: a global perspective

Perceived Pressures and Motivations for Environmental Disclosures: Role of Certification

Corporate social responsibility regulation in capital market and environmental information disclosure of listed companies: A quasi-natural experiment from China

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