Carbon disclosure project: Chinese chief executive officer background and corporate voluntary climate change reporting

IF 2.8 4区环境科学与生态学 Q3 ENVIRONMENTAL SCIENCES Carbon Management Pub Date : 2022-01-02 DOI:10.1080/17583004.2022.2083983

Fahad Khalid, Zhiwei Ye, C. L. Voinea, Khwaja Naveed, R. Akram

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引用次数: 7

Abstract

Abstract Despite recent voluntary climate change reporting (VCCR) initiatives, such as the Carbon Disclosure Project (CDP), Chinese companies continue to lag behind their global counterparts. This research contributes to the existing literature examining the effects of CEO background (specifically academic, foreign and political background) on corporate decisions to engage in VCCR. The data sample consists of Chinese listed companies that participated in CDP surveys during 2010–2017 (1041 final firm-year observations). The study’s descriptive findings reveal that most Chinese companies are reluctant to report their climate change information to the CDP as only 12% of Chinese companies participated in the CDP annual survey during the study period. However, using a logistic regression model, we find that CEOs with academic experience, foreign exposure and political connections positively affect firms’ decisions to engage in VCCR. The results remain robust when we use the propensity score matching technique to account for sample selection problems. Overall, the results are interpreted within the theoretical insights of the upper echelons perspective.

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碳披露项目：中国首席执行官背景和企业自愿气候变化报告

摘要尽管最近采取了自愿气候变化报告（VCCR）举措，如碳披露项目（CDP），但中国公司仍落后于全球同行。这项研究有助于现有文献研究CEO背景（特别是学术、外国和政治背景）对企业参与VCCR决策的影响。数据样本包括2010-2017年间参与CDP调查的中国上市公司（1041个公司年度的最终观察结果）。该研究的描述性结果显示，大多数中国公司不愿意向CDP报告其气候变化信息，因为在研究期间，只有12%的中国公司参加了CDP的年度调查。然而，使用逻辑回归模型，我们发现具有学术经验、海外曝光率和政治关系的首席执行官对企业参与VCCR的决策有积极影响。当我们使用倾向得分匹配技术来解释样本选择问题时，结果仍然是稳健的。总的来说，这些结果是在高层视角的理论见解中解释的。

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来源期刊

Carbon Management ENVIRONMENTAL SCIENCES-

CiteScore

5.80

自引率

3.20%

发文量

期刊介绍： Carbon Management is a scholarly peer-reviewed forum for insights from the diverse array of disciplines that enhance our understanding of carbon dioxide and other GHG interactions – from biology, ecology, chemistry and engineering to law, policy, economics and sociology. The core aim of Carbon Management is it to examine the options and mechanisms for mitigating the causes and impacts of climate change, which includes mechanisms for reducing emissions and enhancing the removal of GHGs from the atmosphere, as well as metrics used to measure performance of options and mechanisms resulting from international treaties, domestic policies, local regulations, environmental markets, technologies, industrial efforts and consumer choices. One key aim of the journal is to catalyse intellectual debate in an inclusive and scientific manner on the practical work of policy implementation related to the long-term effort of managing our global GHG emissions and impacts. Decisions made in the near future will have profound impacts on the global climate and biosphere. Carbon Management delivers research findings in an accessible format to inform decisions in the fields of research, education, management and environmental policy.