Fatores institucionais macroeconômicos importam para a divulgação de carbono? Um estudo sobre os maiores emissores de carbono
DOI:
https://doi.org/10.5007/2175-8069.2023.e90795Palavras-chave:
Divulgação de Carbono, Fatores Institucionais Macroeconômicos, Variedades de Capitalismo, Mudanças ClimáticasResumo
O presente estudo visa responder à seguinte questão de pesquisa: Qual a influência do contexto institucional na divulgação da emissão de carbono? Este estudo está apoiado na abordagem Variedade do Capitalismo e as hipóteses foram construídas considerando as principais características do capitalismo: o papel do Estado, o papel dos mercados financeiros, o papel do capital humano, o papel do capital social e o papel da governança corporativa. A amostra desta pesquisa compreende os maiores emissores de carbono do mundo, composto por 1.579 empresas sediadas em 19 países. Nossas descobertas mostram que certas características do capitalismo influenciam a divulgação de carbono. Os resultados trazem contribuições para o campo de estudo, pois ampliam a compreensão da divulgação de carbono a partir de uma perspectiva macroeconômica. Além disso, este estudo tem implicações gerenciais e governamentais, promovendo o debate de como o comportamento das empresas frente às mudanças climáticas é moldado pela relação Estado-sociedade.
Referências
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
Downloads
Publicado
Como Citar
Edição
Seção
Licença
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.
