TY - JOUR

T1 - Archival research on carbon reporting quality. A review of determinants and consequences for firm value

AU - Velte, Patrick

PY - 2024

Y1 - 2024

N2 - Against a background of increased regulatory and stakeholder pressures, we present the first literature review of firm- and country-related determinants of carbon reporting quality (CRQ) and the financial and sustainability consequences of CRQ for firms. Based on legitimacy and stakeholder theories, this structured literature review considers 91 peer-reviewed empirical quantitative (archival) studies. We find that board gender diversity, firm size, and carbon performance are the main drivers of increased CRQ. Furthermore, in line with the business case argument for sustainability, there are indications that CRQ leads to increased financial performance and value relevance. This literature review also stresses the urgent need to rely in the future on valid and more comparable CRQ proxies, based on automated text analyses.

AB - Against a background of increased regulatory and stakeholder pressures, we present the first literature review of firm- and country-related determinants of carbon reporting quality (CRQ) and the financial and sustainability consequences of CRQ for firms. Based on legitimacy and stakeholder theories, this structured literature review considers 91 peer-reviewed empirical quantitative (archival) studies. We find that board gender diversity, firm size, and carbon performance are the main drivers of increased CRQ. Furthermore, in line with the business case argument for sustainability, there are indications that CRQ leads to increased financial performance and value relevance. This literature review also stresses the urgent need to rely in the future on valid and more comparable CRQ proxies, based on automated text analyses.

KW - Management studies

KW - legitimacy theory

KW - stakeholder theory

KW - carbon reporting

KW - corporate governance

KW - financial performance

KW - board composition

KW - Sustainability Science

UR - https://online.ruw.de/suche/zfu/Arch-rese-on-carb-repor-qual-A-revi-of-determin-an-c0801c34a5191a4895456e29df392837

UR - https://www.researchgate.net/publication/377691406_Archival_research_on_carbon_reporting_quality_A_review_of_determinants_and_consequences_for_firm_value

UR - https://beck-online.beck.de/?vpath=bibdata%2Fzeits%2FZFU%2F2024%2Fcont%2FZFU%2e2024%2eH01%2eNAMEINHALTSVERZEICHNIS%2ehtm

M3 - Scientific review articles

VL - 47

SP - 110

EP - 148

JO - Zeitschrift für Umweltpolitik & Umweltrecht

JF - Zeitschrift für Umweltpolitik & Umweltrecht

SN - 0931-0983

IS - 1

ER -