Archival research on carbon reporting quality. A review of determinants and consequences for firm value
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In: Zeitschrift für Umweltpolitik & Umweltrecht, Vol. 47, No. 1, 2024, p. 110-148.
Research output: Journal contributions › Scientific review articles › Research
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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 -