Please use this identifier to cite or link to this item:
Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Driving businesses towards a better climate: Macro and micro mechanisms to protect the planet
Author(s): Al-Shaer, Habiba
Liu, Stephanie
Khaldoon, Albitar
Contact Email:
Keywords: climate change commitment
corporate governance
legal system
national culture
Issue Date: 20-Sep-2023
Date Deposited: 22-Feb-2024
Citation: Al-Shaer H, Liu S & Khaldoon A (2023) Driving businesses towards a better climate: Macro and micro mechanisms to protect the planet. <i>Business Strategy and the Environment</i>.
Abstract: This study examines whether corporate commitment to climate change is driven by country-level factors related to cultural values and the legal system (LS) of a country. We also investigate the impact of corporate governance strength on climate change commitment and the extent to which there are moderating effects between corporate governance and cultural and LS influences. We use a large dataset of 21,564 firm-year observations of companies operating in the United States, UK, and China for the period 2013 to 2020 and develop a unique measure for climate change commitment using different proxies for measuring climate change practices. We find variations in climate change commitment among the three countries and that cultural values and LSs affect corporate commitment to climate change. Companies located in a socially oriented society, which are transparent and characterized by long-term orientation, are more strongly involved in climate change actions. The strength of corporate governance increases corporate commitment to climate change. Corporate governance also moderates some of the detrimental cultural influences on climate change commitment. These findings have implications for managers as they reveal that macro-level factors affect behavior and that corporate governance can help to moderate these factors.
DOI Link: 10.1002/bse.3575
Rights: © 2023 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Licence URL(s):

Files in This Item:
File Description SizeFormat 
Bus Strat Env - 2023 - Al___Shaer - Driving businesses towards a better climate Macro and micro mechanisms to protect the.pdfFulltext - Published Version2.08 MBAdobe PDFView/Open

This item is protected by original copyright

A file in this item is licensed under a Creative Commons License Creative Commons

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.