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Companies are responding to the effects of climate change by reducing CO2 emissions as a way of managing stakeholder interests and complying with legal and regulatory requirements. In Europe, the emissions trading system is consolidated as a limiting market and control scheme to support business climate change management through a collaborative relationship between government and industry. This work focuses on the economic accounting field, analysing carbon management accounting and its impact on financial performance in scenarios attached to that trading system. The methodological approach used is quantitative, empirically testing the hypotheses through a multiple regression analysis with a sample of 350 European companies. The results attest to the importance of carbon management accounting (CMA) control and its effects on financial performance. Compared with European emission trading, the results failed to display significant differences in the relationship studied between those that make up this type of market and those that do not.
Yenny Naranjo Tuesta; Cristina Crespo Soler; Vicente Ripoll Feliu. Carbon management accounting and financial performance: Evidence from the European Union emission trading system. Business Strategy and the Environment 2020, 30, 1270 -1282.
AMA StyleYenny Naranjo Tuesta, Cristina Crespo Soler, Vicente Ripoll Feliu. Carbon management accounting and financial performance: Evidence from the European Union emission trading system. Business Strategy and the Environment. 2020; 30 (2):1270-1282.
Chicago/Turabian StyleYenny Naranjo Tuesta; Cristina Crespo Soler; Vicente Ripoll Feliu. 2020. "Carbon management accounting and financial performance: Evidence from the European Union emission trading system." Business Strategy and the Environment 30, no. 2: 1270-1282.
This document shows the relationship between carbon management and the financial performance of the European Union’s best market capitalization companies. Different measures are used to understand it by adopting a quantitative approach. After analyzing the validity and reliability of the construct, the study empirically tests its hypotheses by performing a multiple regression analysis with a sample of 497 companies. The study identified how factors related to carbon management could affect the financial performance of European organizations. Furthermore, it recognizes that carbon management affects profitability, in particular, ROA (Return on Assets). The study highlights the differences between companies that are considered sensitive and those that are not, as the management of emission reductions and performance impacts are handled differently.
Yenny Naranjo Tuesta; Cristina Crespo Soler; Vicente Ripoll Feliu. The Influence of Carbon Management on the Financial Performance of European Companies. Sustainability 2020, 12, 1 .
AMA StyleYenny Naranjo Tuesta, Cristina Crespo Soler, Vicente Ripoll Feliu. The Influence of Carbon Management on the Financial Performance of European Companies. Sustainability. 2020; 12 (12):1.
Chicago/Turabian StyleYenny Naranjo Tuesta; Cristina Crespo Soler; Vicente Ripoll Feliu. 2020. "The Influence of Carbon Management on the Financial Performance of European Companies." Sustainability 12, no. 12: 1.
The aim of this work is to present the content analysis on the intelligibility of the environmental information that is reported in the annual accounts of the main Port Authorities in Spain. The annual accounts are related to documents that contain primarily financial information, and thus meet the needs of users (especially external users) in the decision-making process; in this sense, the work analyzes the environmental aspects presented in them. The data analyzed lead us to conclude that the Port Authorities of Castellón, Gijón and Valencia are the ones that provide the most information about their activities and environmental actions in their annual reports; however, with regard to the clarity of the information reported, the Port Authority of Cartagena is the clearest in conveying the message, while the information presented by the Port Authorities of Castellón and Huelva is less explicit. It is thus recommendable for the Port Authorities to improve their communication strategies in their annual reports, in order to demonstrate their environmental actions in the immediate socioeconomic environment, referring to other sources of information, such as sustainability reports.
Cristina Crespo Soler; Arturo Giner Fillol; Yenny Naranjo Tuesta; Vicente Ripoll Feliu. The environmental information report in the annual accounts: An analysis of the main ports in Spain. Harvard Deusto Business Research 2019, 8, 219 .
AMA StyleCristina Crespo Soler, Arturo Giner Fillol, Yenny Naranjo Tuesta, Vicente Ripoll Feliu. The environmental information report in the annual accounts: An analysis of the main ports in Spain. Harvard Deusto Business Research. 2019; 8 (3):219.
Chicago/Turabian StyleCristina Crespo Soler; Arturo Giner Fillol; Yenny Naranjo Tuesta; Vicente Ripoll Feliu. 2019. "The environmental information report in the annual accounts: An analysis of the main ports in Spain." Harvard Deusto Business Research 8, no. 3: 219.