¿Importan los factores institucionales macroeconómicos para la divulgación del carbono? Un estudio sobre los mayores emisores de carbono
DOI:
https://doi.org/10.5007/2175-8069.2023.e90795Palabras clave:
Divulgación de Carbono, Factores Institucionales Macroeconómicos, Variedades de Capitalismo, Cambios ClimáticosResumen
El presente estudio tiene como objetivo responder a la siguiente pregunta de investigación: ¿Cuál es la influencia del contexto institucional en la divulgación de las emisiones de carbono? Este estudio se sustenta en el enfoque Variedad del Capitalismo y las hipótesis fueron construidas considerando las principales características del capitalismo: el rol del estado, el rol de los mercados financieros, el rol del capital humano, el rol del capital social y el rol del gobierno corporativo. La muestra de esta investigación comprende los mayores emisores de carbono del mundo, compuesta por 1579 empresas con sede en 19 países. Nuestros hallazgos muestran que ciertas características del capitalismo influyen en la divulgación de carbono. Los resultados proporcionan contribuciones al campo de estudio, ya que amplía la comprensión de la divulgación de carbono desde una perspectiva macroeconómica. Además, este estudio tiene implicaciones gerenciales y gubernamentales, promoviendo el debate de cómo el comportamiento de las empresas frente al cambio climático está moldeado por la relación estado-sociedad.
Citas
Almeida, T. A. N., & García-Sánchez, I. M. (2017). Sociopolitical and economic elements to explain the environmental performance of countries. Environmental Science and Pollution Research, 24(3), 3006–3026. https://doi.org/10.1007/s11356-016-8061-7
Baldini, M., Maso, L. D., Liberatore, G., Mazzi, F., & Terzani, S. (2018). Role of Country- and Firm-Level Determinants in Environmental, Social, and Governance Disclosure. Journal of Business Ethics, 150(1), 79–98. https://doi.org/10.1007/s10551-016-3139-1
Benney, T. M. (2019). Varieties of capitalism and renewable energy in emerging and developing economies. Journal of Economic Policy Reform, 00(00), 1–26. https://doi.org/10.1080/17487870.2019.1637584
Berrone, P., Fosfuri, A., Gelabert, L., & Gomez-Mejia, L. (2013). Necessity as the mother of green inventions: Institutional pressures and environmental innovations. Strategic Management Journal, 34, 891–909. https://doi.org/10.1002/smj
Buse, C. G., Poland, B., Wong, J., & Haluza-Delay, R. (2021). ‘We’re all brave pioneers on this road’: a Bourdieusian analysis of field creation for public health adaptation to climate change in Ontario, Canada. Critical Public Health, 31(1), 90–100. https://doi.org/10.1080/09581596.2019.1682123
Choi, B., & Luo, L. (2020). Does the market value greenhouse gas emissions? Evidence from multi-country firm data. British Accounting Review, 53(1), 100909. https://doi.org/10.1016/j.bar.2020.100909
Coluccia, D., Fontana, S., & Solimene, S. (2018). Does institutional context affect CSR disclosure? A study on Eurostoxx 50. Sustainability (Switzerland), 10(8). https://doi.org/10.3390/su10082823
de Bakker, F. G. A., Matten, D., Spence, L. J., & Wickert, C. (2020). The Elephant in the Room: The Nascent Research Agenda on Corporations, Social Responsibility, and Capitalism. Business and Society, 59(7), 1295–1302. https://doi.org/10.1177/0007650319898196
De Villiers, C., & Marques, A. (2016). Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure. Accounting and Business Research, 46(2), 167–195. https://doi.org/10.1080/00014788.2015.1039476
Diaz-Becerra, O. A., Leon-Chavarri, C., & Ampuero-Alfaro, B. (2021). An analysis of the content and quality of corporate sustainability reports according to GRI standards in Peruvian mining companies supervised by the SMV in 2018: deficiencies and opportunities. Revista Contemporânea de Contabilidade, 18(47). https://doi.org/10.5007/2175-8069.2021.e77331
Einwiller, S., Ruppel, C., & Schnauber, A. (2016). Harmonization and differences in CSR reporting of US and German companies: Analyzing the role of global reporting standards and country-of-origin. Corporate Communications: An International Journal, 21(2). https://doi.org/10.1108/CCIJ-09-2014-0062
Fainshmidt, S., Judge, W. Q., Aguilera, R. V., & Smith, A. (2016). Varieties of institutional systems: A contextual taxonomy of understudied countries. Journal of World Business, 53(3), 307–322. https://doi.org/10.1016/j.jwb.2016.05.003
Forbes. (2020). Global 2000. https://www.forbes.com/lists/global2000/?sh=3021b3b15ac0
Frías-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. M. (2013). Is integrated reporting determined by a country’s legal system? An exploratory study. Journal of Cleaner Production, 44, 45–55. https://doi.org/10.1016/j.jclepro.2012.12.006
Frynas, J. G., & Yamahaki, C. (2016). Corporate social responsibility: Review and roadmap of theoretical perspectives. Business Ethics, 25(3), 258–285. https://doi.org/10.1111/beer.12115
Gallego-Álvarez, I., & Ortas, E. (2017). Corporate environmental sustainability reporting in the context of national cultures: A quantile regression approach. International Business Review, 26(2), 337–353. https://doi.org/10.1016/j.ibusrev.2016.09.003
Garcia-Sanchez, I. M., Cuadrado-Ballesteros, B., & Frias-Aceituno, J. V. (2016). Impact of the Institutional Macro Context on the Voluntary Disclosure of CSR Information. Long Range Planning, 49(1), 15–35. https://doi.org/10.1016/j.lrp.2015.02.004
García-Sánchez, I. M., Rodríguez-Ariza, L., & Frías-Aceituno, J. V. (2013). The cultural system and integrated reporting. International Business Review, 22(5), 828–838. https://doi.org/10.1016/j.ibusrev.2013.01.007
Global Carbon Atlas. (2020). CO2 Emissions. http://www.globalcarbonatlas.org/
Goss, A., & Roberts, G. S. (2011). The impact of corporate social responsibility on the cost of bank loans. Journal of Banking and Finance, 35(7), 1794–1810. https://doi.org/10.1016/j.jbankfin.2010.12.002
Graafland, J. (2019). Economic freedom and corporate environmental responsibility: The role of small government and freedom from government regulation. Journal of Cleaner Production, 218, 250–258. https://doi.org/10.1016/j.jclepro.2019.01.308
Grushina, S. V. (2017). Collaboration by Design: Stakeholder Engagement in GRI Sustainability Reporting Guidelines. Organization and Environment, 30(4), 366–385. https://doi.org/10.1177/1086026616681612
Hahn, R., Reimsbach, D., & Schiemann, F. (2015). Organizations, Climate Change, and Transparency: Reviewing the Literature on Carbon Disclosure. Organization and Environment, 28(1), 80–102. https://doi.org/10.1177/1086026615575542
Hall, P. A., & Soskice, D. (2001). Varieties of Capitalism: The institutional foundations of comparative advantage. In Oxford University Press. https://doi.org/10.4337/9781786439017.00020
Hartmann, J., & Uhlenbruck, K. (2015). National institutional antecedents to corporate environmental performance. Journal of World Business, 50(4), 729–741. https://doi.org/10.1016/j.jwb.2015.02.001
Ioannou, I., & Serafeim, G. (2012). What drives corporate social performance the role of nation-level institutions. Journal of International Business Studies, 43(9), 834–864. https://doi.org/10.1057/jibs.2012.26
Jackson, G., & Apostolakou, A. (2010). Corporate social responsibility in Western Europe: An institutional mirror or substitute? Journal of Business Ethics, 94(3), 371–394. https://doi.org/10.1007/s10551-009-0269-8
Jackson, G., & Deeg, R. (2008). Comparing capitalisms: Understanding institutional diversity and its implications for international business. Journal of International Business Studies, 39(4), 540–561. https://doi.org/10.1057/palgrave.jibs.8400375
Jensen, J. C., & Berg, N. (2012). Determinants of Traditional Sustainability Reporting Versus Integrated Reporting. An Institutionalist Approach. Business Strategy and the Environment, 21(5), 299–316. https://doi.org/10.1002/bse.740
Kıran, J. (2018). Expanding the framework of the varieties of capitalism: Turkey as a hierarchical market economy. Journal of Eurasian Studies, 9(1), 42–51. https://doi.org/10.1016/j.euras.2017.12.004
Kouloukoui, D., Marinho, M. M. de O., Gomes, S. M. da S., de Jong, P., Kiperstok, A., & Torres, E. A. (2019). The impact of the board of directors on business climate change management: case of Brazilian companies. Mitigation and Adaptation Strategies for Global Change. https://doi.org/10.1007/s11027-019-09864-7
Luo, L., & Tang, Q. (2014). Does voluntary carbon disclosure reflect underlying carbon performance? Journal of Contemporary Accounting and Economics, 10(3), 191–205. https://doi.org/10.1016/j.jcae.2014.08.003
Miniaoui, Z., Chibani, F., & Hussainey, K. (2019). The impact of country-level institutional differences on corporate social responsibility disclosure engagement. Corporate Social Responsibility and Environmental Management, 26(6), 1307–1320. https://doi.org/10.1002/csr.1748
Nattrass, N. (2014). A South African Variety of Capitalism? New Political Economy, 19(1), 56–78. https://doi.org/10.1080/13563467.2013.768610
Nölke, A., & Vliegenthart., A. (2009). Enlarging the varieties of capitalism: The emergence of dependent market economies in East Central Europe. World Politics, 61(4), 670–702. https://doi.org/10.1017/S0043887109990098
Ortas, E., Gallego-Álvarez, I., & Álvarez, I. (2019). National institutions, stakeholder engagement, and firms’ environmental, social, and governance performance. Corporate Social Responsibility and Environmental Management, 26(3), 598–611. https://doi.org/10.1002/csr.1706
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2019). Corporate Environmental Disclosure Practices in Different National Contexts: The Influence of Cultural Dimensions. Organization and Environment, 1–27. https://doi.org/10.1177/1086026619860263
Rosati, F., & Faria, L. G. D. (2019). Addressing the SDGs in sustainability reports: The relationship with institutional factors. Journal of Cleaner Production, 215, 1312–1326. https://doi.org/10.1016/j.jclepro.2018.12.107
Schneider, B. R. (2009). Hierarchical market economies and varieties of capitalism in Latin America. Journal of Latin American Studies, 41(3), 553–575. https://doi.org/10.1017/S0022216X09990186
Tollefson, J. (2020). How the coronavirus pandemic slashed carbon emissions - in five graphs. Nature, 582(7811), 158–159. https://doi.org/10.1038/d41586-020-01497-0
Tran, M., & Beddewela, E. (2020). Does context matter for sustainability disclosure? Institutional factors in Southeast Asia. Business Ethics, 29(2), 282–302. https://doi.org/10.1111/beer.12265
Walker, K., Zhang, Z., & Ni, N. (Nina). (2019). The Mirror Effect: Corporate Social Responsibility, Corporate Social Irresponsibility and Firm Performance in Coordinated Market Economies and Liberal Market Economies. British Journal of Management, 30(1), 151–168. https://doi.org/10.1111/1467-8551.12271
Witt, M. A., & Jackson, G. (2016). Varieties of Capitalism and institutional comparative advantage: A test and reinterpretation. Journal of International Business Studies, 47(7), 778–806. https://doi.org/10.1057/s41267-016-0001-8
Witt, M. A., & Redding, G. (2013). Asian business systems: Institutional comparison, clusters and implications for varieties of capitalism and business systems theory. Socio-Economic Review, 11(2), 265–300. https://doi.org/10.1093/ser/mwt002
Yu, H. C., Kuo, L., & Ma, B. (2020). The drivers of carbon disclosure: evidence from china’s sustainability plans. Carbon Management, 0(0), 1–16. https://doi.org/10.1080/17583004.2020.1796142
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
Os Direitos Autorais para artigos publicados neste periódico são do autor, com direitos de primeira publicação para a Revista. Em virtude de aparecerem nesta Revista de acesso público, os artigos são de uso gratuito, com atribuições próprias, em aplicações educacionais, de exercício profissional e para gestão pública. A Revista adotou a licença Creative Commons Atribuição 4.0 Internacional - CC BY NC ND. Esta licença permite acessar, baixar (download), copiar, imprimir, compartilhar, reutilizar e distribuir os artigos desde que com a citação da fonte, atribuindo os devidos créditos de autoria. Nesses casos, nenhuma permissão é necessária por parte dos autores ou dos editores. Autores têm autorização para assumir contratos adicionais separadamente, para distribuição não-exclusiva da versão do trabalho publicada nesta revista (ex.: publicar em repositório institucional ou um capítulo de livro).
Esta obra está licenciada sob uma Licença Creative Commons.