Economic Policy Uncertainty and Climate Change: Evidence from CO2 Emission

dc.authorid Vural Yavas, Cigdem/0000-0002-3440-4762
dc.contributor.author Vural Yavaş, Çiğdem
dc.contributor.author Yavas, Cigdem Vural
dc.contributor.other International Trade and Finance
dc.date.accessioned 2023-10-19T15:12:36Z
dc.date.available 2023-10-19T15:12:36Z
dc.date.issued 2023
dc.department-temp [Benlemlih, Mohammed] Metis Lab, EM Normandie Business Sch, 30-32 Rue Henri Barbusse, F-92110 Clichy, France; [Yavas, Cigdem Vural] Nyenrode Business Univ, Straatweg 25, NL-3621 BG Breukelen, Netherlands; [Yavas, Cigdem Vural] Kadir Has Univ, Cibali,Kadir Has Cd, TR-34083 Istanbul, Turkiye en_US
dc.description.abstract In this paper, we study the relationship between Economic Policy Uncertainty (EPU) and carbon dioxide (CO2) emissions. Using an extensive dataset from 23 countries consisting of 6800 firm-year observations, we provide strong evidence that EPU increases firms' CO2 emissions. Our main inference is robust when using alternative measures of CO2 emissions and EPU, alternative econometric specifications and samples, and several approaches to control for possible endogeneity. In a set of additional analyses, we first show that a board's characteristics (i.e., board gender diversity and board independence) significantly moderate the studied relationship. Second, cross-country characteristics (i.e., government effectiveness, control of corruption, and democracy) seem important in the relationship between EPU and CO2 emissions. Our findings significantly contribute to the debate on firms' ethical responsibility in managing climate change and CO2 emissions. en_US
dc.identifier.citationcount 13
dc.identifier.doi 10.1007/s10551-023-05389-x en_US
dc.identifier.issn 0167-4544
dc.identifier.issn 1573-0697
dc.identifier.scopus 2-s2.0-85150651099 en_US
dc.identifier.scopusquality Q1
dc.identifier.uri https://doi.org/10.1007/s10551-023-05389-x
dc.identifier.uri https://hdl.handle.net/20.500.12469/5489
dc.identifier.wos WOS:000955721800001 en_US
dc.identifier.wosquality Q1
dc.khas 20231019-WoS en_US
dc.language.iso en en_US
dc.publisher Springer en_US
dc.relation.ispartof Journal of Business Ethics en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 38
dc.subject Environmental Performance En_Us
dc.subject Board Characteristics En_Us
dc.subject Gender Diversity En_Us
dc.subject Corruption En_Us
dc.subject Environmental Performance
dc.subject Economic policy uncertainty en_US
dc.subject Board Characteristics
dc.subject Climate change en_US
dc.subject Gender Diversity
dc.subject Environmental performance en_US
dc.subject Corruption
dc.subject CO2 emissions en_US
dc.title Economic Policy Uncertainty and Climate Change: Evidence from CO2 Emission en_US
dc.type Article en_US
dc.wos.citedbyCount 41
dspace.entity.type Publication
relation.isAuthorOfPublication a98d5070-be93-4d23-9841-bb36b264b0ba
relation.isAuthorOfPublication.latestForDiscovery a98d5070-be93-4d23-9841-bb36b264b0ba
relation.isOrgUnitOfPublication 16202dfd-a149-4884-98fb-ada5f8c12918
relation.isOrgUnitOfPublication.latestForDiscovery 16202dfd-a149-4884-98fb-ada5f8c12918

Files

Original bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
5489.pdf
Size:
783.34 KB
Format:
Adobe Portable Document Format
Description:
Tam Metin / Full Text