企业碳排放、科学目标倡议与企业绩效:来自印度的证据

IF 1.3 Q1 LAW
Meghna Bharali Saikia, Santi Gopal Maji
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引用次数: 0

摘要

目的 本研究旨在探讨企业碳排放对部分印度公司财务业绩的影响。设计/方法/途径本研究以 57 家印度 SBTi 公司和 74 家孟买证券交易所上市的非 SBTi 公司为研究对象,时间跨度为 2019-2020 年至 2022-2023 年,为期四年。研究采用面板数据回归模型。此外,还使用了两阶段最小二乘法和广义矩法模型来检验结果的稳健性。研究结果支持 "双赢 "假设,证实减少碳排放可以提高印度企业的财务绩效。研究结果将为政策制定者、监管者和管理者提供启示,帮助他们将气候变化纳入其核心业务活动的主流,从而推动可持续发展并实现盈利成果。原创性/价值本研究是在新兴市场环境下研究科学目标在碳排放和企业绩效关系中的调节作用的一次崇高尝试。此前的研究都是在跨国背景下进行的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Corporate carbon emissions, science-based targets initiatives and firm performance: evidence from India

Purpose

This study aims to examine the influence of corporate carbon emissions on the financial performance of select Indian companies. It further studies the moderating role of science-based target initiatives (SBTi) in this relationship.

Design/methodology/approach

The study is based on 57 Indian SBTi companies and 74 Bombay Stock Exchange-listed non-SBTi companies for the period of four years from 2019–2020 to 2022–2023. The panel data regression models are used to study this association. Furthermore, two-stage least square and generalized method of moments models are used to test the robustness of the results.

Findings

There is a negative relationship between corporate carbon emissions and financial performance. The findings support the “win-win” hypothesis and confirm that reducing carbon emissions can improve the financial performance of Indian firms. Furthermore, the SBTi moderate the carbon emission and firm performance nexus.

Practical implications

The findings of the study would provide insights to the policymakers, regulators and managers to mainstream climate change in their core business activities driving sustainability and profitable outcomes.

Originality/value

This study is a noble attempt to study the moderating role of science-based targets in the carbon emissions and firm performance nexus in an emerging market setting. Earlier studies have been conducted in a cross-country context.

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来源期刊
CiteScore
3.90
自引率
6.70%
发文量
13
期刊介绍: The International Journal of Law and Management is a leading journal addressing all aspects of regulation and law as they impact on organisational development, operations and leadership. Organisations and their leaders operate in an increasingly complex world of emerging regulation across national and international boundaries. The International Journal of Law and Management seeks to acknowledge the dynamics of that environment and provide a platform for articles and contributions to stimulate scholarly debate in the development of law and practice. The International Journal of Law and Management seeks to present the latest research on policy, practice and theoretical perspectives and their impact on the development and leadership of organisations. Contributions of a multi-disciplinary nature are welcome. Coverage includes, but is not limited to: -Employment and industrial law- Corporate governance and social responsibility- Intellectual property- Corporate law and finance- Insolvency- Commercial law and consumer protection- Environmental law- Taxation- Competition law- Regulatory theory
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