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Full-Text Articles in Business
The Effects Of Carbon Emissions And Agency Costs On Firm Performance, Muhammad Nurul Houqe, Solomon Opare, Muhammad Kaleem Zahir-Ul-Hassan, Kamran Ahmed
The Effects Of Carbon Emissions And Agency Costs On Firm Performance, Muhammad Nurul Houqe, Solomon Opare, Muhammad Kaleem Zahir-Ul-Hassan, Kamran Ahmed
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Carbon emissions and agency costs can have an impact on firms' financial performance. However, limited attention has been paid to the combined and gradual effects of these two factors on firms' performance. We explore the separate and combined effects of carbon emissions and agency costs on firms' financial performance by utilizing data from 2323 US firms that disclosed their environmental information to CDP from 2007 to 2016. The results indicate that firms with higher carbon emissions experience lower performance as the market reacts negatively. Further, firms with both higher carbon emissions and higher agency costs have lower performance. We also …
Moderating Effect Of Carbon Accounting Systems On Strategy And Carbon Performance: A Cdp Analysis, Binh Bui, Muhammad Nurul Houqe, Muhammad Kaleem Zahir-Ul-Hassan
Moderating Effect Of Carbon Accounting Systems On Strategy And Carbon Performance: A Cdp Analysis, Binh Bui, Muhammad Nurul Houqe, Muhammad Kaleem Zahir-Ul-Hassan
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Carbon emissions bring significant risks and opportunities, and organisations have responded by adopting different strategies and environmental control systems, such as carbon accounting systems (CASs). However, it remains unclear whether a CAS can help reduce emissions, and what role is played by a CAS in the relationship between carbon strategy and carbon performance. Therefore, this paper analyses the strategy-accounting-performance nexus by drawing on 1672 firm-year observations of firms participating in the CDP in 2014 and 2015. The results suggest that the quality of a CAS is influenced by strategic choices; with a proactive carbon strategy being associated with a higher …