Climate governance e scelte aziendali sostenibili: un?analisi internazionale sugli investimenti green

Michele Rubino, Ilaria Mastrorocco and Elisa Gerbasi

MANAGEMENT CONTROL, 2026, vol. 2026/1, issue 1, 67-88

Abstract: This study aims to examine the role of climate governance, understood as a paradigm of corporate governance aimed at achieving environmental sustainability goals, in the design of corporate environmental investment policies. To test this relationship, we conduct a quantitative analysis of a global sample of non-financial companies included in the S&P 1200 Index for the year 2024. The results indicate that companies adopting climate governance have a significantly higher propensity to disclose information concerning their green investments compared to the overall market, confirming the existence of a positive relationship between climate governance and environmental engagement. However, contrary to expectations, the results suggest that the influence of climate governance on environmental investments is stronger in North America than in Europe, underlining the crucial role of the market compared to institutional regulation. These findings have important theoretical and practical implications. From a theoretical perspective, the study contributes to the academic debate, paving the way for future longitudinal and country-specific analyses. From a practical perspective, the results provide valuable insights for corporate decision makers, investors, and policy makers and underline the strategic importance of climate governance for aligning companies with more sustainable development models.

Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 821&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:macoma:v:html10.3280/maco2026-001004

Ordering information: This journal article can be ordered from
http://www.francoang ... o.aspx?IDRivista=166

Access Statistics for this article

MANAGEMENT CONTROL is currently edited by FrancoAngeli

More articles in MANAGEMENT CONTROL from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().