Technological innovation and its impact on carbon emissions: evidence from Korea manufacturing firms participating emission trading scheme

Mo, Jung Youn

doi:10.1080/09537325.2021.1884675

Cited by 45 publications

(20 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Secondly, consistent with the view that behavioural aspects are significant for the climate change-related risk management approach (Disli et al , 2016; Masini and Menichetti, 2012), this research demonstrates that cultural factors shaping the behaviours of a community affect corporate emissions. Thirdly, prior literature identifies different firm-level (Alam et al , 2022; Mo, 2022) and macro-level factors (Nguyen et al , 2021) affecting a region’s overall emissions level. We extend this literature by demonstrating how cultural dimensions in a society can be driving factors for emissions.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

“…On the other hand, because of the growing importance of environmental disclosures for the financial market (Clarkson et al , 2013; Gholami et al , 2022) and the direct link between environmental performance and environmental disclosures (Clarkson et al , 2008; Tadros and Magnan, 2019), contemporary research is interested in exploring drivers of emissions. As the firm-level factors, cash-holding (Alam et al , 2022), technological innovation (Mo, 2022), board composition (Biswas et al , 2018) and, as the macro-level factors, economic growth and trade openness (Nguyen et al , 2021) appear as the determinants of emissions in a region. We extend this literature by demonstrating cultural dimensions as the determining factors for firm-level emissions.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

National culture and firm-level carbon emissions: a global perspective

Rahman

Kabir²,

Talukdar³

et al. 2023

SAMPJ

View full text Add to dashboard Cite

Purpose This study aims to examine the association between national culture and corporate carbon emissions. Specifically, the research explores how firm-level carbon emissions are associated with Hofstede’s four cultural dimensions: power distance, individualism/collectivism, masculinity/femininity and uncertainty avoidance. Design/methodology/approach The study examines 36,945 firm-year observations across 39 countries and uses panel regressions to assess the association between firm-level carbon emissions and national culture. This research also uses instrumental variable regression to address the potential endogeneity issues. Alternative proxies for culture are used to test the sensitivity of the findings. Findings The findings of this study reveal that power distance and uncertainty avoidance are negatively while individualism and masculinity are positively associated with corporate carbon emissions. The results are robust to the instrumental regressions and alternative measures of culture. Practical implications For policymakers, this research highlights the importance of national culture in assessing the efficacy of potential emissions reduction policies, identifying the possible challenges posed by the cultural differences of the targeted groups and designing policy adjustments accordingly. The local culture in which the branches of multinational corporations operate should be considered when the management implements emissions reduction policies for the business units in diverse cultural settings. Social implications Aligning emissions reduction policies with regional cultural dimensions has the potential to enhance the effectiveness of corporate and national emissions reduction policies, which can contribute to mitigating global climate change adversities. Originality/value This study provides insights into firm-level carbon emissions and Hofstede’s four cultural dimensions in a global setting.

show abstract

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

National culture and firm-level carbon emissions: a global perspective

Rahman

Kabir²,

Talukdar³

et al. 2023

SAMPJ

View full text Add to dashboard Cite

show abstract

“…In addition, to avoid omitted variable bias, this study selects eight variables as controls, following previous studies (Hou et al, 2021; Huang et al, 2021; Mo, 2021; Rafindadi, 2016a, 2016b; Yang, Cai, & Wang, 2014). These comprise some of the determinants of carbon emissions: economic development level, financial development level, fossil fuel energy consumption, urbanisation level, total fixed capital formation, household final consumption, institutional quality and the number of R&D researchers.…”

Section: Hypotheses Methodology and Datamentioning

confidence: 99%

How do FDI inflows curvilinearly affect carbon emissions? Threshold effects of energy service availability and cleanliness

Chen

Guo-hai

Dong

2022

Australian Economic Papers

View full text Add to dashboard Cite

To examine the relationship between foreign direct investment (FDI) inflows and carbon emissions from the perspective of the threshold effects of energy service availability and energy consumption cleanliness, this study employs the panel data of 16 Regional Comprehensive Economic Partnership member countries for the period 1990-2019. Using panel threshold models, this study finds that energy service availability and energy consumption cleanliness are two significant threshold variables in the process by which FDI inflows affect carbon emissions. Before they reach a certain

show abstract

“…Achieving "carbon peaking," together with "carbon neutralization" is just one complex system project, mainly because many factors affect emissions of carbon dioxide, such as technological innovation, economic growth, energy consumption, foreign direct investment, industrialization, etc. In the meanwhile, the reduction of carbon dioxide emissions demands the backup of policies, financial capital, technology, and other conditions (AhAtil et al, 2019;Zhou et al, 2019;Chontanawat, 2020;Baydoun and Aga, 2021;Hou et al, 2021;Mo, 2022).…”

Section: Introductionmentioning

confidence: 99%

Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure

Yang

Tan

Chu

et al. 2023

Front. Environ. Sci.

View full text Add to dashboard Cite

Economic growth is fueled by financial development, which also takes the initiative in attaining green development and a low-carbon economy. The advanced industrial constitution is used as a moderator and mediator variable in this article to investigate whether there is a moderating effect and mediating effect between financial development and carbon emissions. This article chooses panel data from 283 Chinese cities from 2006 to 2019 to empirically analyze the impact of financial development on carbon emissions. The consequences indicate that financial development wields an evident active influence over carbon emissions. Additionally, the upgrading of industrial structures wields an evident positive impact on carbon emissions. There exists a medium impact of industrial structure upgrading. Results show that, first, when estimating carbon emissions demand, China’s financial expansion should be taken into consideration as a significant driver of rising carbon emissions. Second, although the extent of financial intermediation has a greater impact on carbon emissions than other financial development indicators, its effectiveness appears to have far less impact, even if it statistically has the potential to affect carbon emissions. Third, although the size of China’s stock market has a substantially greater impact on carbon emissions, the impact of its efficiency is quite little.

show abstract

Technological innovation and its impact on carbon emissions: evidence from Korea manufacturing firms participating emission trading scheme

Cited by 45 publications

References 11 publications

National culture and firm-level carbon emissions: a global perspective

National culture and firm-level carbon emissions: a global perspective

How do FDI inflows curvilinearly affect carbon emissions? Threshold effects of energy service availability and cleanliness

Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure

Contact Info

Product

Resources

About