The University of Southampton
University of Southampton Institutional Repository

Essays on Corporate Carbon and Climate Change Accounting: Governance, Sustainability, Disclosure, and Performance

Essays on Corporate Carbon and Climate Change Accounting: Governance, Sustainability, Disclosure, and Performance
Essays on Corporate Carbon and Climate Change Accounting: Governance, Sustainability, Disclosure, and Performance
This thesis focuses on corporate governance, climate change mitigation, corporate carbon performance, sustainability practices, biodiversity disclosure, and financial performance of top global companies. It consists of the introductory chapter, three empirical papers, and the concluding chapter. The first paper examines the relationships among process-based corporate climate change initiatives (PCCCIs), outcome-based corporate carbon performance by emissions (OCCPE), and market value (MV) and investigates the moderating role of a board sustainability committee (BSCOM). The results reveal that higher levels of greenhouse gas (GHG) emissions are negatively associated with MV, whereas PCCCIs are positively related to MV. The results also show that the presence of BSCOM has a positive impact on MV, but does not seem to improve OCCPE. Further, the findings indicate that increased levels of GHG emissions have a positive relationship with PCCCIs, and this relationship is reinforced by the presence of BSCOM. The second paper investigates the effects of climate change innovation (WCCIN) and sustainability reporting practices (SRPR) on the level of biodiversity disclosures (WBDDE) and tests whether corporate governance quality (CGOVQ) and actual carbon performance by emissions (ACCP) influence these impacts. The results show that greater commitment to WCCIN and improved SRPR are positively associated with WBDDE. The results also reveal the moderating effects of CGOVQ and ACCP on the WCCIN—WBDDE and SRPR—WBDDE links differ between the United Nations members that ratified the Convention on Biological Diversity and the USA that did not ratify. The third paper explores the impact of board gender diversity (BGEND) on corporate carbon emissions (CPEMS) and investigates whether a board-level policy on gender diversity (PBGEN) moderates this relationship. The results show that BGEND results in a significant reduction of CPEMS. Further, the results suggest that the negative impact of BGEND on CPEMS is intensified when PBGEN is present. From the critical mass perspective, the findings also suggest that corporate boards should consist of at least two female directors to reduce CPEMS. Finally, the findings reveal that the relationships among BGEND, PBGEN, and CPEMS differ among countries with gender quotas, countries with governance codes, and countries without quotas and codes.
Keywords: Corporate governance, climate change initiatives, financial performance, sustainability practices, biodiversity disclosures, and carbon performance.
University of Southampton
Orazalin, Nurlan
cbddd475-fe49-4ffd-ab51-66b0da0e0ec2
Orazalin, Nurlan
cbddd475-fe49-4ffd-ab51-66b0da0e0ec2
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Malagila, John K
cc93732f-b2bd-49c9-843e-4a6039b4124c

Orazalin, Nurlan (2023) Essays on Corporate Carbon and Climate Change Accounting: Governance, Sustainability, Disclosure, and Performance. University of Southampton, Doctoral Thesis, 294pp.

Record type: Thesis (Doctoral)

Abstract

This thesis focuses on corporate governance, climate change mitigation, corporate carbon performance, sustainability practices, biodiversity disclosure, and financial performance of top global companies. It consists of the introductory chapter, three empirical papers, and the concluding chapter. The first paper examines the relationships among process-based corporate climate change initiatives (PCCCIs), outcome-based corporate carbon performance by emissions (OCCPE), and market value (MV) and investigates the moderating role of a board sustainability committee (BSCOM). The results reveal that higher levels of greenhouse gas (GHG) emissions are negatively associated with MV, whereas PCCCIs are positively related to MV. The results also show that the presence of BSCOM has a positive impact on MV, but does not seem to improve OCCPE. Further, the findings indicate that increased levels of GHG emissions have a positive relationship with PCCCIs, and this relationship is reinforced by the presence of BSCOM. The second paper investigates the effects of climate change innovation (WCCIN) and sustainability reporting practices (SRPR) on the level of biodiversity disclosures (WBDDE) and tests whether corporate governance quality (CGOVQ) and actual carbon performance by emissions (ACCP) influence these impacts. The results show that greater commitment to WCCIN and improved SRPR are positively associated with WBDDE. The results also reveal the moderating effects of CGOVQ and ACCP on the WCCIN—WBDDE and SRPR—WBDDE links differ between the United Nations members that ratified the Convention on Biological Diversity and the USA that did not ratify. The third paper explores the impact of board gender diversity (BGEND) on corporate carbon emissions (CPEMS) and investigates whether a board-level policy on gender diversity (PBGEN) moderates this relationship. The results show that BGEND results in a significant reduction of CPEMS. Further, the results suggest that the negative impact of BGEND on CPEMS is intensified when PBGEN is present. From the critical mass perspective, the findings also suggest that corporate boards should consist of at least two female directors to reduce CPEMS. Finally, the findings reveal that the relationships among BGEND, PBGEN, and CPEMS differ among countries with gender quotas, countries with governance codes, and countries without quotas and codes.
Keywords: Corporate governance, climate change initiatives, financial performance, sustainability practices, biodiversity disclosures, and carbon performance.

Text
PhD_thesis_final_NurlanOrazalin_pdfa - Version of Record
Restricted to Repository staff only until 30 June 2026.
Available under License University of Southampton Thesis Licence.
Text
Final-thesis-submission-Examination-Dr-Nurlan-Orazalin
Restricted to Repository staff only

More information

Published date: June 2023

Identifiers

Local EPrints ID: 478019
URI: http://eprints.soton.ac.uk/id/eprint/478019
PURE UUID: a22a88c8-4feb-4091-ad11-f0fc66579ef1
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056
ORCID for John K Malagila: ORCID iD orcid.org/0000-0001-5327-2286

Catalogue record

Date deposited: 19 Jun 2023 17:01
Last modified: 27 Jul 2024 01:27

Export record

Contributors

Author: Nurlan Orazalin
Thesis advisor: Collins Ntim ORCID iD
Thesis advisor: John K Malagila ORCID iD

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×