Economic policy uncertainty and carbon footprint: International evidence

IF 2.9 3区经济学 Q2 BUSINESS, FINANCE Journal of Multinational Financial Management Pub Date : 2023-03-01 DOI:10.1016/j.mulfin.2023.100785

Chwee-Ming Tee , Wai-Yan Wong , Chee-Wooi Hooy

引用次数: 7

Abstract

Economic policy uncertainty is an evolving area of research that may affect environmental issues such as the carbon footprint. However, from a global perspective, it is not known whether economic policy uncertainty is significantly related to it. Motivated by this gap in the literature, we investigate the impact of economic policy uncertainty on carbon footprint. Using a sample of 2782 firms from 60 countries, our cross-sectional regression analysis finds that economic policy uncertainty is positively associated with the carbon footprint. This applies to the total, direct, and indirect carbon emissions measurements. However, we find that countries with better institutional governance alleviate the significant association between economic policy uncertainty and carbon footprint.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

经济政策不确定性与碳足迹:国际证据

经济政策的不确定性是一个不断发展的研究领域，可能会影响碳足迹等环境问题。然而，从全球角度来看，尚不清楚经济政策的不确定性是否与之显著相关。基于这一文献空白，我们研究了经济政策不确定性对碳足迹的影响。通过对60个国家2782家企业的样本分析，我们发现经济政策的不确定性与碳足迹呈正相关。这适用于总碳排放、直接碳排放和间接碳排放测量。然而，我们发现制度治理较好的国家缓解了经济政策不确定性与碳足迹之间的显著关联。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

IF 6 2区化学European Polymer JournalPub Date : 2018-11-01 DOI: 10.1016/j.eurpolymj.2018.08.021

Davood Kharaghani , Yun Kee Jo , Muhammad Qamar Khan , Yeonsu Jeong , Hyung Joon Cha , Ick Soo Kim

来源期刊

Journal of Multinational Financial Management BUSINESS, FINANCE-

CiteScore

7.30

自引率

4.80%

发文量

审稿时长

30 days

期刊介绍： International trade, financing and investments have grown at an extremely rapid pace in recent years, and the operations of corporations have become increasingly multinationalized. Corporate executives buying and selling goods and services, and making financing and investment decisions across national boundaries, have developed policies and procedures for managing cash flows denominated in foreign currencies. These policies and procedures, and the related managerial actions of executives, change as new relevant information becomes available. The purpose of the Journal of Multinational Financial Management is to publish rigorous, original articles dealing with the management of the multinational enterprise. Theoretical, conceptual, and empirical papers providing meaningful insights into the subject areas will be considered. The following topic areas, although not exhaustive, are representative of the coverage in this Journal. • Foreign exchange risk management • International capital budgeting • Forecasting exchange rates • Foreign direct investment • Hedging strategies • Cost of capital • Managing transaction exposure • Political risk assessment • International working capital management • International financial planning • International tax management • International diversification • Transfer pricing strategies • International liability management • International mergers.