How to cite this paper
Alsaifi, K. (2021). Carbon disclosure and carbon performance: Evidence from the UK’s listed companies.Management Science Letters , 11(1), 117-128.
Refrences
Abimbola, T., Lim, M., Raithel, S., Wilczynski, P., Schloderer, M. P. & Schwaiger, M. (2010). The value-relevance of corporate reputation during the financial crisis. Journal of Product & Brand Management, 19, 389-400.
Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 100326.
Al-Tuwaijri, S. A., Christensen, T. E. & Hughes, K. E. (2004). The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, organizations and society, 29, 447-471.
Alsaifi, K. (2019). Essays on carbon disclosure and financial consequences (Doctoral dissertation, Newcastle University).
Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Political turmoil and banks’ stock returns: Evidence from Turkey’s 2016 coup attempt. Accounting, 6(6), 1161-1166.
Alsaifi, K., Elnahass, M., & Salama, A. (2020a). Carbon disclosure and financial performance: UK environmental policy. Business Strategy and the Environment, 29(2), 711-726.
Alsaifi, K., Elnahass, M., & Salama, A. (2020b). Market responses to firms’ voluntary carbon disclosure: Empirical evidence from the United Kingdom. Journal of Cleaner Production, 121377.
Bewley, K. & Li, Y. (2000). Disclosure of environmental information by Canadian manufacturing companies: a voluntary disclosure perspective. Advances in environmental accounting & management. Emerald Group Publishing Limited.
Boons, F. & Strannegård, L. (2000). Organizations coping with their natural environment: a laboratory for institutionalization? International Studies of Management & Organization, 30, 7-17.
Branco, M. C. & Rodrigues, L. L. (2006). Corporate social responsibility and resource-based perspectives. Journal of business Ethics, 69, 111-132.
Burritt, R. L. & Schaltegger, S. (2010). Sustainability accounting and reporting: fad or trend? Accounting, Auditing & Accountability Journal, 23, 829-846.
Carbon Disclosure Project (CDP). (2016). CDP climate change report 2016 CEE edition.
Clarkson, P. M., Li, Y., Pinnuck, M. & Richardson, G. D. (2015). The valuation relevance of greenhouse gas emissions under the European Union carbon emissions trading scheme. European Accounting Review, 24, 551-580.
Clarkson, P. M., Li, Y., Richardson, G. D. & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33, 303-327.
Clarkson, P. M., Li, Y., Richardson, G. D. & Vasvari, F. P. (2011). Does it really pay to be green? Determinants and consequences of proactive environmental strategies. Journal of Accounting and Public Policy, 30, 122-144.
Committee on Climate Change (2018). Carbon Budgets.
De Villiers, C., Naiker, V. & van Staden, C. J. (2011). The effect of board characteristics on firm environmental performance. Journal of Management, 37, 1636-1663.
Deegan, C. & Gordon, B. (1996). A study of the environmental disclosure practices of Australian corporations. Accounting and Business Research, 26, 187-199.
Dhaliwal, D. S., Li, O. Z., Tsang, A. & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 86, 59-100.
Elsayih, J., Tang, Q., & Lan, Y. (2018). Corporate governance and carbon transparency: Australian experience. Accounting Research Journal, 31(3) 405-422
Erkens, D. H., Hung, M., & Matos, P. (2012). Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide. Journal of Corporate Finance, 18(2), 389-411.
Freedman, M. & Jaggi, B. (2004). Carbon dioxide emissions and disclosures by electric utilities. Re-Inventing Realities. Emerald Group Publishing Limited.
Freedman, M. & Jaggi, B. (2005). Global warming, commitment to the Kyoto protocol, and accounting disclosures by the largest global public firms from polluting industries. The International Journal of Accounting, 40, 215-232.
Freedman, M. & Jaggi, B. (2009). Global warming and corporate disclosures: a comparative analysis of companies from the European Union, Japan and Canada. Sustainability, Environmental Performance and Disclosures. Emerald Group Publishing Limited.
Freedman, M. & Patten, D. M. (2004). Evidence on the pernicious effect of financial report environmental disclosure. Accounting Forum, 2004. Elsevier, 27-41.
Galbreath, J. (2010). Corporate governance practices that address climate change: An exploratory study. Business Strategy and the Environment, 19, 335-350.
Gray, R. & Milne, M. J. (2015). It's not what you do, it's the way that you do it? Of method and madness. Critical Perspectives on Accounting, 32, 51-66.
Haque, F. (2017). The effects of board characteristics and sustainable compensation policy on carbon performance of UK firms. The British Accounting Review.
Hart, S. L. & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business strategy and the Environment, 5, 30-37.
Hasseldine, J., Salama, A. I. & Toms, J. S. (2005). Quantity versus quality: the impact of environmental disclosures on the reputations of UK Plcs. The British Accounting Review, 37, 231-248.
Hoffmann, V. H. & Busch, T. (2008). Corporate carbon performance indicators: Carbon intensity, dependency, exposure, and risk. Journal of Industrial Ecology, 12, 505-520.
Holtz-Eakin, D. & Selden, T. M. (1995). Stoking the fires? CO2 emissions and economic growth. Journal of public economics, 57, 85-101.
Hooghiemstra, R. (2000). Corporate communication and impression management–new perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27, 55-68.
Hughes, S. B., Anderson, A. & Golden, S. (2001). Corporate environmental disclosures: are they useful in determining environmental performance? Journal of Accounting and Public Policy, 20, 217-240.
Jo, H. & Harjoto, M. A. (2012). The causal effect of corporate governance on corporate social responsibility. Journal of Business Ethics, 106, 53-72.
Knox-Hayes, J. & Levy, D. L. (2011). The politics of carbon disclosure as climate governance. Strategic Organization, 9, 91-99.
Koh, P. S., Qian, C. & Wang, H. (2014). Firm litigation risk and the insurance value of corporate social performance. Strategic Management Journal, 35, 1464-1482.
KPMG. (2017) Environment, social and governance due diligence.
Lewandowski, S. (2017). Corporate carbon and financial performance: The role of emission reductions. Business Strategy and the Environment, 26, 1196-1211.
Li, Y., Richardson, G. D. & Thornton, D. B. (1997). Corporate disclosure of environmental liability information: Theory and evidence. Contemporary Accounting Research, 14, 435-474.
Linnenluecke, M., Smith, T. and Whaley, R. (2018), "The unpaid social cost of carbon", Accounting Research Journal, 31 (2), 122-134.
Luo, L. & Tang, Q. (2014). Does voluntary carbon disclosure reflect underlying carbon performance? Journal of Contemporary Accounting & Economics, 10, 191-205.
Matsumura, E. M., Prakash, R. & Vera-Muñoz, S. C. (2014). Firm-value effects of carbon emissions and carbon disclosures. The Accounting Review, 89, 695-724.
Met Office (2019). Past Weather Events
Njoroge, J. (2009). Effects of the global financial crisis on corporate social responsibility in multinational companies in Kenya. Covalence Intern Analyst Papers.
Patten, D. M. (1991). Exposure, legitimacy, and social disclosure. Journal of Accounting and Public Policy, 10, 297-308.
Prado-Lorenzo, J.-M. & Garcia-Sanchez, I.-M. (2010). The role of the board of directors in disseminating relevant information on greenhouse gases. Journal of Business Ethics, 97, 391-424.
Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17, 595-612.
Salo, J. (2008). Corporate governance and environmental performance: Industry and country effects. Competition & Change, 12, 328-354.
Schaltegger, S. & Burritt, R. L. (2010). Sustainability accounting for companies: catchphrase or decision support for business leaders? Journal of World Business, 45, 375-384.
Schaltegger, S. & Csutora, M. (2012). Carbon accounting for sustainability and management. Status quo and challenges. Journal of Cleaner Production, 36, 1-16.
Schaltegger, S. & Wagner, M. (2006). Integrative management of sustainability performance, measurement and reporting. International Journal of Accounting, Auditing and Performance Evaluation, 3, 1-19.
Schreck, P. (2011). Reviewing the business case for corporate social responsibility: New evidence and analysis. Journal of Business Ethics, 103, 167.
Secretary of State. 2013. Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013.
Sharma, S. & Vredenburg, H. (1998). Proactive corporate environmental strategy and the development of competitively valuable organizational capabilities. Strategic Management Journal, 19, 729-753.
Spicer, B. H. (1978). Investors, corporate social performance and information disclosure: An empirical study. Accounting Review, 94-111.
Sutantoputra, A. W., Lindorff, M. & Johnson, E. P. (2012). The relationship between environmental performance and environmental disclosure. Australasian Journal of Environmental Management, 19, 51-65.
Tauringana, V. & Chithambo, L. (2015). The effect of DEFRA guidance on greenhouse gas disclosure. The British Accounting Review, 47, 425-444.
Topping, N. (2012). How does sustainability disclosure drive behavior change? Journal of Applied Corporate Finance, 24, 45-48.
Union of Concerned Scientists (UCS) (2018). Each Country's Share of CO2 Emissions.
Vesty, G. M., Telgenkamp, A. & Roscoe, P. J. (2015). Creating numbers: carbon and capital investment. Accounting, Auditing & Accountability Journal, 28, 302-324.
Wilhelm, K. (2013). Return on sustainability: how business can increase profitability and address climate change in an uncertain economy, FT Press.
Zaman, M., Hudaib, M. & Haniffa, R. (2011). Corporate governance quality, audit fees and non‐audit services fees. Journal of Business Finance & Accounting, 38, 165-197.
Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 100326.
Al-Tuwaijri, S. A., Christensen, T. E. & Hughes, K. E. (2004). The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, organizations and society, 29, 447-471.
Alsaifi, K. (2019). Essays on carbon disclosure and financial consequences (Doctoral dissertation, Newcastle University).
Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Political turmoil and banks’ stock returns: Evidence from Turkey’s 2016 coup attempt. Accounting, 6(6), 1161-1166.
Alsaifi, K., Elnahass, M., & Salama, A. (2020a). Carbon disclosure and financial performance: UK environmental policy. Business Strategy and the Environment, 29(2), 711-726.
Alsaifi, K., Elnahass, M., & Salama, A. (2020b). Market responses to firms’ voluntary carbon disclosure: Empirical evidence from the United Kingdom. Journal of Cleaner Production, 121377.
Bewley, K. & Li, Y. (2000). Disclosure of environmental information by Canadian manufacturing companies: a voluntary disclosure perspective. Advances in environmental accounting & management. Emerald Group Publishing Limited.
Boons, F. & Strannegård, L. (2000). Organizations coping with their natural environment: a laboratory for institutionalization? International Studies of Management & Organization, 30, 7-17.
Branco, M. C. & Rodrigues, L. L. (2006). Corporate social responsibility and resource-based perspectives. Journal of business Ethics, 69, 111-132.
Burritt, R. L. & Schaltegger, S. (2010). Sustainability accounting and reporting: fad or trend? Accounting, Auditing & Accountability Journal, 23, 829-846.
Carbon Disclosure Project (CDP). (2016). CDP climate change report 2016 CEE edition.
Clarkson, P. M., Li, Y., Pinnuck, M. & Richardson, G. D. (2015). The valuation relevance of greenhouse gas emissions under the European Union carbon emissions trading scheme. European Accounting Review, 24, 551-580.
Clarkson, P. M., Li, Y., Richardson, G. D. & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33, 303-327.
Clarkson, P. M., Li, Y., Richardson, G. D. & Vasvari, F. P. (2011). Does it really pay to be green? Determinants and consequences of proactive environmental strategies. Journal of Accounting and Public Policy, 30, 122-144.
Committee on Climate Change (2018). Carbon Budgets.
De Villiers, C., Naiker, V. & van Staden, C. J. (2011). The effect of board characteristics on firm environmental performance. Journal of Management, 37, 1636-1663.
Deegan, C. & Gordon, B. (1996). A study of the environmental disclosure practices of Australian corporations. Accounting and Business Research, 26, 187-199.
Dhaliwal, D. S., Li, O. Z., Tsang, A. & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 86, 59-100.
Elsayih, J., Tang, Q., & Lan, Y. (2018). Corporate governance and carbon transparency: Australian experience. Accounting Research Journal, 31(3) 405-422
Erkens, D. H., Hung, M., & Matos, P. (2012). Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide. Journal of Corporate Finance, 18(2), 389-411.
Freedman, M. & Jaggi, B. (2004). Carbon dioxide emissions and disclosures by electric utilities. Re-Inventing Realities. Emerald Group Publishing Limited.
Freedman, M. & Jaggi, B. (2005). Global warming, commitment to the Kyoto protocol, and accounting disclosures by the largest global public firms from polluting industries. The International Journal of Accounting, 40, 215-232.
Freedman, M. & Jaggi, B. (2009). Global warming and corporate disclosures: a comparative analysis of companies from the European Union, Japan and Canada. Sustainability, Environmental Performance and Disclosures. Emerald Group Publishing Limited.
Freedman, M. & Patten, D. M. (2004). Evidence on the pernicious effect of financial report environmental disclosure. Accounting Forum, 2004. Elsevier, 27-41.
Galbreath, J. (2010). Corporate governance practices that address climate change: An exploratory study. Business Strategy and the Environment, 19, 335-350.
Gray, R. & Milne, M. J. (2015). It's not what you do, it's the way that you do it? Of method and madness. Critical Perspectives on Accounting, 32, 51-66.
Haque, F. (2017). The effects of board characteristics and sustainable compensation policy on carbon performance of UK firms. The British Accounting Review.
Hart, S. L. & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business strategy and the Environment, 5, 30-37.
Hasseldine, J., Salama, A. I. & Toms, J. S. (2005). Quantity versus quality: the impact of environmental disclosures on the reputations of UK Plcs. The British Accounting Review, 37, 231-248.
Hoffmann, V. H. & Busch, T. (2008). Corporate carbon performance indicators: Carbon intensity, dependency, exposure, and risk. Journal of Industrial Ecology, 12, 505-520.
Holtz-Eakin, D. & Selden, T. M. (1995). Stoking the fires? CO2 emissions and economic growth. Journal of public economics, 57, 85-101.
Hooghiemstra, R. (2000). Corporate communication and impression management–new perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27, 55-68.
Hughes, S. B., Anderson, A. & Golden, S. (2001). Corporate environmental disclosures: are they useful in determining environmental performance? Journal of Accounting and Public Policy, 20, 217-240.
Jo, H. & Harjoto, M. A. (2012). The causal effect of corporate governance on corporate social responsibility. Journal of Business Ethics, 106, 53-72.
Knox-Hayes, J. & Levy, D. L. (2011). The politics of carbon disclosure as climate governance. Strategic Organization, 9, 91-99.
Koh, P. S., Qian, C. & Wang, H. (2014). Firm litigation risk and the insurance value of corporate social performance. Strategic Management Journal, 35, 1464-1482.
KPMG. (2017) Environment, social and governance due diligence.
Lewandowski, S. (2017). Corporate carbon and financial performance: The role of emission reductions. Business Strategy and the Environment, 26, 1196-1211.
Li, Y., Richardson, G. D. & Thornton, D. B. (1997). Corporate disclosure of environmental liability information: Theory and evidence. Contemporary Accounting Research, 14, 435-474.
Linnenluecke, M., Smith, T. and Whaley, R. (2018), "The unpaid social cost of carbon", Accounting Research Journal, 31 (2), 122-134.
Luo, L. & Tang, Q. (2014). Does voluntary carbon disclosure reflect underlying carbon performance? Journal of Contemporary Accounting & Economics, 10, 191-205.
Matsumura, E. M., Prakash, R. & Vera-Muñoz, S. C. (2014). Firm-value effects of carbon emissions and carbon disclosures. The Accounting Review, 89, 695-724.
Met Office (2019). Past Weather Events
Njoroge, J. (2009). Effects of the global financial crisis on corporate social responsibility in multinational companies in Kenya. Covalence Intern Analyst Papers.
Patten, D. M. (1991). Exposure, legitimacy, and social disclosure. Journal of Accounting and Public Policy, 10, 297-308.
Prado-Lorenzo, J.-M. & Garcia-Sanchez, I.-M. (2010). The role of the board of directors in disseminating relevant information on greenhouse gases. Journal of Business Ethics, 97, 391-424.
Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17, 595-612.
Salo, J. (2008). Corporate governance and environmental performance: Industry and country effects. Competition & Change, 12, 328-354.
Schaltegger, S. & Burritt, R. L. (2010). Sustainability accounting for companies: catchphrase or decision support for business leaders? Journal of World Business, 45, 375-384.
Schaltegger, S. & Csutora, M. (2012). Carbon accounting for sustainability and management. Status quo and challenges. Journal of Cleaner Production, 36, 1-16.
Schaltegger, S. & Wagner, M. (2006). Integrative management of sustainability performance, measurement and reporting. International Journal of Accounting, Auditing and Performance Evaluation, 3, 1-19.
Schreck, P. (2011). Reviewing the business case for corporate social responsibility: New evidence and analysis. Journal of Business Ethics, 103, 167.
Secretary of State. 2013. Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013.
Sharma, S. & Vredenburg, H. (1998). Proactive corporate environmental strategy and the development of competitively valuable organizational capabilities. Strategic Management Journal, 19, 729-753.
Spicer, B. H. (1978). Investors, corporate social performance and information disclosure: An empirical study. Accounting Review, 94-111.
Sutantoputra, A. W., Lindorff, M. & Johnson, E. P. (2012). The relationship between environmental performance and environmental disclosure. Australasian Journal of Environmental Management, 19, 51-65.
Tauringana, V. & Chithambo, L. (2015). The effect of DEFRA guidance on greenhouse gas disclosure. The British Accounting Review, 47, 425-444.
Topping, N. (2012). How does sustainability disclosure drive behavior change? Journal of Applied Corporate Finance, 24, 45-48.
Union of Concerned Scientists (UCS) (2018). Each Country's Share of CO2 Emissions.
Vesty, G. M., Telgenkamp, A. & Roscoe, P. J. (2015). Creating numbers: carbon and capital investment. Accounting, Auditing & Accountability Journal, 28, 302-324.
Wilhelm, K. (2013). Return on sustainability: how business can increase profitability and address climate change in an uncertain economy, FT Press.
Zaman, M., Hudaib, M. & Haniffa, R. (2011). Corporate governance quality, audit fees and non‐audit services fees. Journal of Business Finance & Accounting, 38, 165-197.