Motivation of Japanese companies to take environmental action to reduce their greenhouse gas emissions: an econometric analysis

Ikkatai, Seiji; Ishikawa, Daisuke; Ohori, Shuichi; Sasaki, Kengo

doi:10.1007/s11625-008-0048-y

Cited by 9 publications

(4 citation statements)

References 10 publications

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“…Perceptions of decision-makers that influence 3CM. Surveys are used by Ikkatai et al (2008); Sangle (2011) andBoiral et al (2012); Mittal and Sangwan (2014) as well as Pålsson and Kovács (2014) to test the influence of corporate decision-makers' perceptions on 3CM. Ikkatai et al (2008) finds that decision-makers of Japanese corporations are encouraged to reduce GHG emissions by means of industry-specific GHG reduction targets and GHG regulation at a national level.…”

Section: The Assessment Of Factors That Influence 3cmmentioning

confidence: 99%

“…Surveys are used by Ikkatai et al (2008); Sangle (2011) andBoiral et al (2012); Mittal and Sangwan (2014) as well as Pålsson and Kovács (2014) to test the influence of corporate decision-makers' perceptions on 3CM. Ikkatai et al (2008) finds that decision-makers of Japanese corporations are encouraged to reduce GHG emissions by means of industry-specific GHG reduction targets and GHG regulation at a national level. Sangle (2011) showed a significant positive relationship between the adoption of cleaner technologies by Indian corporations and the perceived financial costs of climate change, perceived internal technical competence and perceived regulatory pressures.…”

Section: The Assessment Of Factors That Influence 3cmmentioning

confidence: 99%

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Corporate climate change mitigation: a systematic review of the existing empirical evidence

Glienke

Guenther

2016

Management Research Review

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Purpose – The present paper aims to identify, map and assess the existing empirical evidence on this body of knowledge to examine what actions for corporate climate change mitigation (3CM hereafter) decision-makers undertake, under what circumstances and with what results. Firm-level activities conducted to mitigate climate change are increasingly becoming a strategic issue for all corporations worldwide. Design/methodology/approach – By using a systematic review, and a vote-counting approach, the vastly dispersed collection of qualitative and quantitative data available in the literature is integrated, to explore how 3CM is conceptualised and measured in empirical research. In particular, common trends and contradictory findings are illustrated. Findings – The present review demonstrates that no researchers have yet analysed the role of 3CM in corporate management control systems. Furthermore, three shortcomings of existing empirical research were identified and some directions for future research were outlined. These regard analysing the positioning of 3CM in corporate management control systems, the further development of measurements of 3CM performance and a consideration of the evolution of 3CM over time. Originality/value – Firm-level activities carried out to mitigate climate change are increasingly becoming a strategic issue for all corporations worldwide. However, the growing stream of management literature on climate change has not yet diffused across disciplinary boundaries, as it suffers from a remarkably diverse terminology and differing conceptualisations and measurements of its research objectives. The present review elaborates on the existing empirical evidence and suggests recommendations for future research.

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Section: The Assessment Of Factors That Influence 3cmmentioning

confidence: 99%

Section: The Assessment Of Factors That Influence 3cmmentioning

confidence: 99%

Corporate climate change mitigation: a systematic review of the existing empirical evidence

Glienke

Guenther

2016

Management Research Review

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“…As a scarce natural resource, fossil energy has begun to set more limits to urbanization process and economic growth, especially in the context of fossil energy crisis [2]. Furthermore, the tremendous increase of energy consumption may accelerate global warming and climate change, which are considered two of the major issues facing our planet [9][10][11][12]. As the largest developing country in the world, with rapid economic growth, China has witnessed fast-paced urbanization development over the past three decades.…”

Section: Introductionmentioning

confidence: 99%

The Relationship between Urbanization, Economic Growth and Energy Consumption in China: An Econometric Perspective Analysis

2015

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Abstract:As the largest developing country in the world, with rapid economic growth, China has witnessed fast-paced urbanization development over the past three decades. In fact, urbanization has been shown to promote economic growth and improve the livelihood of people, but it can also increase energy consumption and further generate energy crisis. Therefore, a better understanding of the relationship between urbanization, economic growth and energy consumption is important for China's future sustainable development. This paper empirically investigates the long-term equilibrium relationships, temporal dynamic relationships and causal relationships between urbanization, economic growth and energy consumption in China. Econometric models are utilized taking the period 1980-2012 into consideration. Cointegration tests indicate that the variables are found to be of I(1) and cointegrated. Further, vector error-correction model (VECM) indicates that when the short-term fluctuations deviate from the long-term equilibrium, the current changes of energy consumption could eliminate 9.74% non-equilibrium error of the last period, putting back the situation to the equilibrium state through a reverse adjustment. Impulse response analysis intuitively portrays the destabilized changes of the variables in response to some external shocks. However, the impact of energy consumption shock on urbanization and the OPEN ACCESSSustainability 2015, 7 5610 impact of urbanization on economic growth seem to be rather marginal. Moreover, Granger causality results reveal that there is a bi-directional Granger causal relationship between energy consumption and economic growth, and unidirectional causality running from urbanization to energy consumption and economic growth to urbanization. The findings have important implications for Chinese policymakers that on the path towards a sustainable society, the effects of urbanization and economic growth on energy consumption must be taken into consideration.

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“…Although policy intervention is required to resolve the issue of global warming, the policy mix to reduce GHG emissions, specifically direct regulation, including emission controls and energy consumption regulation, and indirect regulation, including deposit–refund systems, charges and taxes, emission trading and financial assistance, has not functioned effectively in Japan (Dawson and Segerson, ; Ikkatai et al ., ; Iwata et al ., ; Murase, ). As an alternative approach, policymakers have attempted to encourage firms to voluntarily reduce GHG emissions rather than compulsorily requiring this through regulations, as the voluntary approach is recognized as being more flexible and effective and less costly than direct and indirect regulations (Arimura et al ., ; Ikkatai et al ., ). Accordingly, firms have been expected to reduce voluntarily GHG emissions.…”

Section: Introductionmentioning

confidence: 99%

Why Does the Reduction of Greenhouse Gas Emissions Enhance Firm Value? The Case of Japanese Manufacturing Firms

2011

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This paper examines the influence of firms' reductions of greenhouse gas (GHG) emissions on firm value, measured by Tobin's q. If the stockholders/investors regard the reduction of GHG emissions as a form of intangible value, the reduction of GHG emissions will enhance firm value. To prove this relation more precisely, this paper analyzes not only the effect of the reduction of GHG emissions on firm value but also that of the market discipline imposed by the stockholders/investors in terms of the reduction of GHG emissions. Using data on 641 Japanese manufacturing firms in the period 2006-2008, the random effect instrumental variable estimate supports the view that firms with strong market discipline imposed by stockholders/investors are more likely to reduce GHG emissions and, consequently, firms that reduce more GHG emissions are more likely to enhance firm value.

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Motivation of Japanese companies to take environmental action to reduce their greenhouse gas emissions: an econometric analysis

Cited by 9 publications

References 10 publications

Corporate climate change mitigation: a systematic review of the existing empirical evidence

Corporate climate change mitigation: a systematic review of the existing empirical evidence

The Relationship between Urbanization, Economic Growth and Energy Consumption in China: An Econometric Perspective Analysis

Why Does the Reduction of Greenhouse Gas Emissions Enhance Firm Value? The Case of Japanese Manufacturing Firms

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