The influence of institutional contexts on the relationship between voluntary carbon disclosure and carbon emission performance

Le Luo*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

57 Citations (Scopus)

Abstract

This article examines the relationship between the level of voluntary carbon disclosure (VCD) and carbon emission performance and how the institutional context influences this relationship. Using a sample of Global 500 firms participating in the Carbon Disclosure Project (CDP) over the period 2008–2015, the evidence shows a negative relationship between voluntary carbon disclosure and carbon emission performance, which is consistent with the legitimacy theory that VCD may be undertaken for the purposes of legitimation. However, stringent carbon institutions appear to restrict legitimation attempts and help better reflect underlying performance.

Original languageEnglish
Pages (from-to)1235-1264
Number of pages30
JournalAccounting and Finance
Volume59
Issue number2
DOIs
Publication statusPublished - 1 Jun 2019
Externally publishedYes

Keywords

  • Carbon Disclosure Project
  • Carbon emission
  • Carbon performance
  • Global 500
  • Legitimacy theory
  • Voluntary carbon disclosure

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