Corporate sexual orientation equality and carbon emission

IF 3.1 4区管理学 Q2 BUSINESS, FINANCE Accounting and Finance Pub Date : 2023-10-27 DOI:10.1111/acfi.13187

Ashrafee Tanvir Hossain, Amir Hossain, Tom Cooper, Majidul Islam

引用次数: 0

Abstract

Abstract Does a firm's tolerance and nurturing of its employees with different sexual orientations influence its long‐term sustainability? Based on corporate sexual orientation equality (CSOE), we find that firms with higher CSOE ratings emit less greenhouse gases (GHGs) that thereby ensure long‐term sustainability. In addition, we report that the CSOE–GHG relationship is stronger for firms with less agency issues (e.g., less powerful CEOs and more monitoring). Finally, we find that carbon emitting firms (CEFs) that invest in more CSOE initiatives do not do it for external rewards (e.g., they suffer from lower valuations and face higher costs of raising capital).

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企业性取向平等和碳排放

企业对不同性取向员工的宽容和培养是否会影响企业的长期可持续性?基于企业性取向平等性(CSOE)，我们发现具有较高CSOE评级的企业排放较少的温室气体(GHGs)，从而确保长期可持续性。此外，我们报告说，对于代理问题较少的公司(例如，权力较小的首席执行官和更多的监督)，CSOE-GHG关系更强。最后，我们发现，碳排放企业(CEFs)投资更多的CSOE项目并不是为了获得外部奖励(例如，它们的估值较低，面临更高的融资成本)。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounting and Finance BUSINESS, FINANCE-

CiteScore

5.10

自引率

7.70%

发文量

期刊介绍： Accounting & Finance enjoys an excellent reputation as an academic journal that publishes articles addressing significant research questions from a broad range of perspectives. The journal: • publishes significant contributions to the accounting, finance, business information systems and related disciplines • develops, tests, or advances accounting, finance and information systems theory, research and practice • publishes theoretical, empirical and experimental papers that significantly contribute to the disciplines of accounting and finance • publishes articles using a wide range of research methods including statistical analysis, analytical work, case studies, field research and historical analysis • applies economic, organizational and other theories to accounting and finance phenomena and publishes occasional special issues on themes such as on research methods in management accounting. Accounting & Finance is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments, and merchant and investment banking.