Carbon Emission Disclosure and Financial Performance:  A Bibliometric Analysis

An Nurrahmawati; Bangun Fathinia Rachmatika

doi:10.17509/mimbardik.v9i2.75163

Carbon Emission Disclosure and Financial Performance: A Bibliometric Analysis

An Nurrahmawati, Bangun Fathinia Rachmatika

Abstract

This study aims to review carbon emission disclosure and financial performance relationship literature spanning 2013-2023 to provide future research directions. The study analyzed 77 articles from the Scopus database, authored by 208, and published in 34 journals. The final dataset comprised 77 publications with 277 articles removed during the screening. The method used in this study adopts a Structured Literature Review by using a hybrid approach that combines content analysis and bibliometric citation techniques. The result of the Systematic Literature Review and bibliometric analysis indicated that the interest in the area of carbon emission disclosure and financial performance has significantly increased from 2013 to 2023. The applicant for bibliometric analysis uncovered some general characteristics such as research flow, influential journal authors, and centers of excellence. This study also discovers with main research methods, main theoretical underpinnings, and future research directions. This study recommendations the future research and adds to the synthesis of current and developing research streams.

Keywords

Social Networking; Students’ Academic Performance; Public Universities.

Full Text:

PDF

References

Alsaifi, K., Elnahass, M., & Salama, A. (2020). Carbon disclosure and financial performance: UK environmental policy. Business Strategy and the Environment, 29(2), 711–726. https://doi.org/10.1002/bse.2426

Anggraeni, D. Y. (2015). PENGUNGKAPAN EMISI GAS RUMAH KACA, KINERJA LINGKUNGAN, DAN NILAI PERUSAHAAN. Jurnal Akuntansi Dan Keuangan Indonesia, 12(2), 5. https://doi.org/10.21002/jaki.2015.11

Aria, M., & Cuccurullo, C. (2017). bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959–975. https://doi.org/10.1016/j.joi.2017.08.007

Backman, C. A., Verbeke, A., & Schulz, R. A. (2017). The Drivers of Corporate Climate Change Strategies and Public Policy: A New Resource-Based View Perspective. Business and Society, 56(4), 545–575. https://doi.org/10.1177/0007650315578450

Bae Choi, B., Lee, D., & Psaros, J. (2013). An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1), 58–79. https://doi.org/10.1108/01140581311318968/FULL/XML

Bassen, A., Gödker, K., Lüdeke-Freund, F., & Oll, J. (2019). Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment. Organization and Environment, 32(1), 62–82. https://doi.org/10.1177/1086026618771669

Bazhair, A. H., Khatib, S. F. A., & Al Amosh, H. (2022). Taking Stock of Carbon Disclosure Research While Looking to the Future: A Systematic Literature Review. Sustainability 2022, Vol. 14, Page 13475, 14(20), 13475. https://doi.org/10.3390/SU142013475

Borghei, Z. (2021). Carbon disclosure: a systematic literature review. Accounting & Finance, 61(4), 5255–5280. https://doi.org/10.1111/ACFI.12757

Busch, T., Bassen, A., Lewandowski, S., & Sump, F. (2022). Corporate Carbon and Financial Performance Revisited. Organization and Environment, 35(1), 154–171. https://doi.org/10.1177/1086026620935638

Das, S., & Jayaraman, V. (2014). SnO2: A comprehensive review on structures and gas sensors. Progress in Materials Science, 66, 112–255. https://doi.org/10.1016/J.PMATSCI.2014.06.003

Elsayih, J., Tang, Q., & Lan, Y.-C. (2018). Corporate governance and carbon transparency: Australian experience. Accounting Research Journal, 31(3), 405–422. https://doi.org/10.1108/ARJ-12-2015-0153

Fernández-Cuesta, C., Castro, P., Tascón, M. T., & Castaño, F. J. (2019). The effect of environmental performance on financial debt. European evidence. Journal of Cleaner Production, 207, 379–390. https://doi.org/10.1016/j.jclepro.2018.09.239

Gallego-Álvarez, I., Segura, L., & Martínez-Ferrero, J. (2015). Carbon emission reduction: The impact on the financial and operational performance of international companies. Journal of Cleaner Production, 103, 149–159. https://doi.org/10.1016/j.jclepro.2014.08.047

Gallego-Álvarez, Isabel, García-Sánchez, I. M., & da Silva Vieira, C. (2014). Climate Change and Financial Performance in Times of Crisis. Business Strategy and the Environment, 23(6), 361 – 374. https://doi.org/10.1002/bse.1786

Gaur, A., & Kumar, M. (2018). A systematic approach to conducting review studies: An assessment of content analysis in 25 years of IB research. Journal of World Business, 53(2), 280–289. https://doi.org/10.1016/J.JWB.2017.11.003

Ghosh, S., Pareek, R., & Sahu, T. N. (2023). Do Carbon Performance and Disclosure Practices Effect Companies’ Financial Performance: A Non-Linear Perspective. Asia-Pacific Financial Markets. https://doi.org/10.1007/s10690-023-09428-5

Hahn, R., Reimsbach, D., & Schiemann, F. (2015). Organizations, Climate Change, and Transparency. Http://Dx.Doi.Org/10.1177/1086026615575542, 28(1), 80–102. https://doi.org/10.1177/1086026615575542

Hapsoro, D., Hapsoro, D., & Ambarwati, A. (2018). ANTECEDENTS AND CONSEQUENCES OF CARBON EMISSIONS’ DISCLOSURE: CASE STUDY OF OIL, GAS AND COAL COMPANIES IN NON-ANNEX 1 MEMBER COUNTRIES. Journal of Indonesian Economy and Business (JIEB), 33(2), 99–111. https://doi.org/10.22146/jieb.28756

Irwhantoko, I., & Basuki, B. (2016). Carbon Emission Disclosure: Studi pada Perusahaan Manufaktur Indonesia. Jurnal Akuntansi Dan Keuangan, 18(2), 92–104. https://doi.org/10.9744/JAK.18.2.92-104

Jaggi, B., Allini, A., Macchioni, R., & Zagaria, C. (2018). The Factors Motivating Voluntary Disclosure of Carbon Information: Evidence Based on Italian Listed Companies. Organization and Environment, 31(2), 178–202. https://doi.org/10.1177/1086026617705282

Jones, C., Peshev, V., Gilbert, P., & Mander, S. (2017). Battery storage for post-incentive PV uptake? A financial and life cycle carbon assessment of a non-domestic building. Journal of Cleaner Production, 167, 447 – 458. https://doi.org/10.1016/j.jclepro.2017.08.191

Kelvin, C., Daromes, F. E., & Ng, S. (2017). PENGUNGKAPAN EMISI KARBON SEBAGAI MEKANISME PENINGKATAN KINERJA UNTUK MENCIPTAKAN NILAI PERUSAHAAN. Dinamika Akuntansi Keuangan Dan Perbankan, 6(1), 1–18.

Kelvin, C., Pasoloran, O., & Randa, F. (2019). MEKANISME PENGUNGKAPAN EMISI KARBON DAN REAKSI INVESTOR. Jurnal Ilmiah Akuntansi Dan Bisnis, 14(2), 155–168. https://doi.org/10.24843/JIAB.2019.V14.I02.P02

Khalil, M. A., & Nimmanunta, K. (2023). Conventional versus green investments: advancing innovation for better financial and environmental prospects. Journal of Sustainable Finance and Investment, 13(3), 1153–1180. https://doi.org/10.1080/20430795.2021.1952822

Khan, S. A. R., Jian, C., Zhang, Y., Golpîra, H., Kumar, A., & Sharif, A. (2019). Environmental, social and economic growth indicators spur logistics performance: From the perspective of South Asian Association for Regional Cooperation countries. Journal of Cleaner Production, 214, 1011–1023. https://doi.org/10.1016/j.jclepro.2018.12.322

Kordsachia, O., Bassen, A., Fieberg, C., & Wolters, K. (2023). Market perceptions on the role of female leadership in adapting to climate change. Journal of Risk Finance, 24(4), 424–448. https://doi.org/10.1108/JRF-08-2022-0217

KURNIA, P., DARLIS, E., & PUTRA, A. A. (2020). Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value. Journal of Asian Finance, Economics and Business, 7(12), 223–231. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.223

Kushwaha, G. S., & Sharma, N. K. (2016). Green initiatives: A step towards sustainable development and firm’s performance in the automobile industry. Journal of Cleaner Production, 121, 116–129. https://doi.org/10.1016/j.jclepro.2015.07.072

Lee, K.-H., & Min, B. (2015). Green R&D for eco-innovation and its impact on carbon emissions and firm performance. Journal of Cleaner Production, 108, 534–542. https://doi.org/10.1016/j.jclepro.2015.05.114

Lee, K.-H., Min, B., & Yook, K.-H. (2015). The impacts of carbon (CO2) emissions and environmental research and development (R&D) investment on firm performance. International Journal of Production Economics, 167, 1–11. https://doi.org/10.1016/j.ijpe.2015.05.018

Lewandowski, S. (2017). Corporate Carbon and Financial Performance: The Role of Emission Reductions. Business Strategy and the Environment, 26(8), 1196–1211. https://doi.org/10.1002/bse.1978

Mustikarini, A., & Adhariani, D. (2022). In auditor we trust: 44 years of research on the auditor-client relationship and future research directions. Meditari Accountancy Research, 30(2), 267–292. https://doi.org/10.1108/MEDAR-11-2020-1062

Palea, V., & Santhià, C. (2022). The financial impact of carbon risk and mitigation strategies: Insights from the automotive industry. Journal of Cleaner Production, 344. https://doi.org/10.1016/j.jclepro.2022.131001

Saka, C., & Oshika, T. (2014). Disclosure effects, carbon emissions and corporate value. Sustainability Accounting, Management and Policy Journal, 5(1), 22–45. https://doi.org/10.1108/SAMPJ-09-2012-0030/FULL/XML

Secinaro, S., Brescia, V., Calandra, D., & Saiti, B. (2020). Impact of climate change mitigation policies on corporate financial performance: Evidence-based on European publicly listed firms. Corporate Social Responsibility and Environmental Management, 27(6), 2491–2501. https://doi.org/10.1002/csr.1971

Tang, Q., & Luo, L. (2016). Corporate ecological transparency: Theories and empirical evidence. Asian Review of Accounting, 24(4), 498–524. https://doi.org/10.1108/ARA-01-2015-0007

Ulupui, I. G. K. A., Maruhawa, D., Purwohedi, U., & Kiswanto. (2020). Carbon Emission Disclosure, Media Exposure, Environmental Performance, Characteristics of Companies: Evidence from Non Fincancial. IBIMA Business Review, 2020. https://doi.org/10.5171/2020.628159

Yan, J., Zhou, H., Mu, J., Zhang, Y., & Rahman, A. (2022). The synergistic effect of carbon performance and technological innovation on corporate financial performance. Frontiers in Psychology, 13. https://doi.org/10.3389/FPSYG.2022.1060042

Zhu, N., Bu, Y., Jin, M., & Mbroh, N. (2020). Green financial behavior and green development strategy of Chinese power companies in the context of carbon tax. Journal of Cleaner Production, 245. https://doi.org/10.1016/j.jclepro.2019.118908

Zupic, I., & Čater, T. (2014). Bibliometric Methods in Management and Organization. Https://Doi.Org/10.1177/1094428114562629, 18(3), 429–472. https://doi.org/10.1177/1094428114562629

DOI: https://doi.org/10.17509/mimbardik.v9i2.75163