Institutional investor influence on global climate change disclosure practices

被引：140

作者：

Cotter, Julie ^{[1
]}

Najah, Muftah M. ^{[1
]}

机构：

[1] Univ So Queensland, Australian Ctr Sustainable Business & Dev, Toowoomba, Qld 4350, Australia

来源：

AUSTRALIAN JOURNAL OF MANAGEMENT | 2012年 / 37卷 / 02期

关键词：

climate change disclosure; institutional investors; stakeholder engagement; ENVIRONMENTAL DISCLOSURES; SOCIAL DISCLOSURE; CORPORATE; PERCEPTIONS; PERFORMANCE;

D O I：

10.1177/0312896211423945

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a stakeholder engagement perspective, we investigate the collective influence of institutional investors on a comprehensive set of climate change disclosures for a global sample of large companies. The proposition tested in this paper is that the influence of these powerful stakeholders is positively associated with climate change disclosure via corporate communications channels. We find the extent and quality of climate change disclosures to be associated with three indicators of corporate responsiveness to institutional investor expectations about the disclosure of this information. These are completion and publication of the Carbon Disclosure Project (CDP) questionnaire on CDP's website, indications in corporate communications that CDP activities have influenced climate change disclosures, and the extent and quality of climate change information provided in CDP questionnaire responses.

引用

页码：169 / 187

页数：19

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