National institutional context and voluntary carbon disclosure: An international study of the banking industry 1

Benoît Jamet (), Julien Bousquet () and Antoine Masse ()
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Benoît Jamet: IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux, IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux
Julien Bousquet: IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux
Antoine Masse: IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux

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Abstract: The determinants of banks' voluntary environmental disclosure have been little studied in the literature. Based on the assumptions of institutional theory, this paper analyzes the impact of the national context, including the general legal system and the environmental policy of the states, on banks' carbon disclosure. Based on three international samples (118 to 237 banks from 31 to 48 countries), the results show a positive relationship between the strength of the legal system (degree of law enforcement), the stringency of environmental regulations, the environmental performance, and the quality of banks' carbon disclosure. The porosity between the "country" and "bank" strata validates the influence of coercive factors and opens perspectives for public authorities to improve the transparency of firms' carbon information.

Keywords: legitimacy theory; JEL classification: G21 M14 M41 Q56 Q58 banking industry voluntary carbon disclosure country-specific determinants institutional theory legitimacy theory; institutional theory; country-specific determinants; voluntary carbon disclosure; Q58 banking industry; Q56; M41; M14; JEL classification: G21 (search for similar items in EconPapers)
Date: 2022-05-23
Note: View the original document on HAL open archive server: https://hal.science/hal-05557308v1
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Published in 8th Symposium on Environment and Energy Finance Issues - ISEFI, UMI Source, Université Paris Dauphine, IPAG Business School, May 2022, Paris, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05557308

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