Authors: Isabel Gallego-Álvarez; Liliane Cristina Segura
Addresses: Department of Business Administration, University of Salamanca, Campus Miguel de Unamuno, Edificio FES, 37007, Salamanca, Spain ' Applied Social Sciences Center, Mackenzie Presbyterian University, Rua da Consolaçao, 930, Prédio 45, São Paulo, 01302-907, Brazil
Abstract: The purpose of this study is to analyse the impact that variations in greenhouse gas emissions (2007-2008) had on corporate performance during three time periods. The empirical analysis was performed in two stages: 1) analysis of the data obtained through content analysis; 2) analysis of the factors that influence corporate performance using a dependency model - a multiple linear regression. The findings of this work can be considered of great interest on the international level because on the one hand they show a reduction in greenhouse gas emissions by firms pertaining to strategic sectors in this sense, and on the other a dependence model is established to test how the variation in emissions affects firm performance under the resource-based view theory. Furthermore, certain control variables are considered, such as capital intensity, public pressure, and firm growth rate, which until now have seldom been analysed in this context.
Keywords: greenhouse gases; GHG emissions; CO2; carbon dioxide; carbon emissions; emissions variation; corporate performance; financial crisis; resource-based view; RBV; capital intensity; firm growth rate; public pressure; firm performance; dependency modelling.
International Journal of Global Warming, 2015 Vol.8 No.4, pp.555 - 583
Received: 06 Aug 2013
Accepted: 01 Jun 2014
Published online: 16 Nov 2015 *