Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: new insights.
By Omaima A. G. Hassan, P. Romilly. 2018
145 citations recorded by the source corpus.
This study examines the associations and causations between corporate economic performance, environmental disclosure and greenhouse gas emissions, utilizing a large, longitudinal, multicountry dataset disaggregated between developed and developing countries. The methodology uses a simultaneous equation model with system estimation to deal with endogeneity between the variables, and Granger causality tests to indicate their direction of causation. A robust result is that lower emissions are strongly associated with better economic performance. After pretesting for stationarity, we find evidence of a one‐way causation from emissions and environmental disclosure to economic performance, but no evidence of reverse causation. We also find strong evidence of a one‐way causation from emissions to disclosure, but no evidence of reverse causation. The overarching policy implication is that environmental performance, as measured by greenhouse gas emissions, plays a crucial role in the formulation of business strategy at the firm level and government environmental policy at national and international levels.
Subfields: Economics and Econometrics, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/4d0e7a2da5ff3f5ba858a78d2bd1fa9bdaf58803
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Citations in the corpus
- Factors affecting corporate environmental disclosure in emerging markets: The role of corporate governance structures (2020, background): “…the United Nations Framework Convention on Climate Change (UNFCCC) in 2016 that is also called Paris accord, in order to deal with the mitigation of greenhouse-gas-emissions and other environmental consequences on humanity (Cadez and Czerny 2016; Hassan & Romilly, 2018; Giannarakis et al., 2019).”