【讲座时间】2024年10月8日 10:00
【讲座地点】会计学院108室
【讲座主题】Carbon Management Ability and Climate Risk Exposure: An International Investigation
【嘉宾介绍】罗乐，麦考瑞大学商学院副教授
主要研究领域为碳会计，环境会计，企业社会责任和公司治理。在国际会计权威学术期刊Review of Accounting Studies, Journal of Banking and Finance、British Accounting Review、European Accounting Revie、Energy Economics等发表近50篇文章，论文多次获得期刊“年度高被引文章”等荣誉。
【内容提要】
Using a large international sample of firms, we examine the relation between carbon management ability (CMA) and firm-level climate risk exposure. We find that CMA is negatively associated with climate risk exposure. More importantly, we show that firms with high-CMA managers tend to achieve reduction in climate risk exposure through enhancing regulatory compliance (less stakeholder rights violations), reducing environmental, social, and governance related controversies, investing in research and development, undertaking more extensive emission reduction initiatives, and cultivating a favorable corporate culture. Cross sectional analyses indicate that the negative association between CMA and climate risk exposure is stronger for firms in carbon-intensive sectors and firms with a dedicated corporate sustainability committee. Further, we reveal that CMA exerts a greater influence on climate risk exposure in stakeholder-oriented countries and in countries that have signed the Paris Agreement. Finally, we reveal that firms with high-CMA managers tend to have better financial performance. Overall, our findings indicate that CMA plays a crucial role in driving firms towards more sustainable and responsible business practices, leading to better corporate performance and enhanced corporate reputation.
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