气候变化领域集成服务门户(CCPortal): Green pays off: the impact of corporate carbon strategies on corporate financial performance

CCPortal

DOI	10.1007/s13520-024-00196-7
	Green pays off: the impact of corporate carbon strategies on corporate financial performance
	Ooi, Say Keat; Wong, Seow Li; Adeneye, Yusuf Babatunde
发表日期	2024
ISSN	2210-6723
EISSN	2210-6731
英文摘要	As climate change continues to be a pressing issue affecting businesses, firms are taking proactive measures by integrating carbon considerations into their overall strategic planning for environmental sustainability. Nonetheless, the question of whether it pays to be green remains inconclusively answered. Based on an analysis of the 200 largest public listed firms by market capitalisation in Malaysia, the findings indicated that most of the firms are still reactive in managing their carbon activities; however, corporate carbon strategy does, indeed, lead to better financial performance. The findings reaffirmed that going green pays off, particularly for firms with higher levels of foreign ownership. Interestingly, an inverse relationship was observed among firms with higher levels of government shareholdings. Additionally, the firms have been categorised into six different groups based on their scope and level of corporate carbon strategies, ranging from wait-and-see to all-round explorer classifications. Taken together, these findings enrich corporate carbon and sustainability literature and offer insights into theoretical and policy implications, along with suggestions for future research.
英文关键词	Corporate carbon strategy; Carbon management; Climate change; Financial performance; Sustainability
语种	英语
WOS研究方向	Social Sciences - Other Topics
WOS类目	Ethics
WOS记录号	WOS:001203366100001
来源期刊	ASIAN JOURNAL OF BUSINESS ETHICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/308602
作者单位	Universiti Sains Malaysia; Universiti Malaysia Kelantan
推荐引用方式 GB/T 7714	Ooi, Say Keat,Wong, Seow Li,Adeneye, Yusuf Babatunde. Green pays off: the impact of corporate carbon strategies on corporate financial performance[J],2024.
APA	Ooi, Say Keat,Wong, Seow Li,&Adeneye, Yusuf Babatunde.(2024).Green pays off: the impact of corporate carbon strategies on corporate financial performance.ASIAN JOURNAL OF BUSINESS ETHICS.
MLA	Ooi, Say Keat,et al."Green pays off: the impact of corporate carbon strategies on corporate financial performance".ASIAN JOURNAL OF BUSINESS ETHICS (2024).