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Exploring corporate disclosure on climate change: Evidence from the Greek business sector

Author

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  • Halkos, George
  • Skouloudis, Antonis

Abstract

An increasing number of large corporations around the world engage in accounting for and reporting on their plans and measures towards climate change, as part of their environmental responsibility agenda. Using a disclosure index, this study investigates the status of the disclosure practices of the top 100 companies operating in Greece with respect to the pivotal issue of climate change. Determinants which drive Greek companies to publicly disclose such information are examined while overlapping perspectives for the Greek case are outlined. The analysis suggests that only a small group of leading Greek companies appears to endorse a climate change discourse as an instrument of empowering stakeholders’ decision-making. Most other corporations still tend to disregard disclosure practices of their actions towards this global issue.

Suggested Citation

  • Halkos, George & Skouloudis, Antonis, 2015. "Exploring corporate disclosure on climate change: Evidence from the Greek business sector," MPRA Paper 64566, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:64566
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    File URL: https://mpra.ub.uni-muenchen.de/64566/1/MPRA_paper_64566.pdf
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    References listed on IDEAS

    as
    1. Halkos, George & Sepetis, Anastasios, 2007. "Can capital markets respond to environmental policy of firms? Evidence from Greece," Ecological Economics, Elsevier, vol. 63(2-3), pages 578-587, August.
    2. Hughes, Susan B. & Anderson, Allison & Golden, Sarah, 2001. "Corporate environmental disclosures: are they useful in determining environmental performance?," Journal of Accounting and Public Policy, Elsevier, vol. 20(3), pages 217-240.
    3. George E. Halkos, 2015. "Climate change actions for sustainable development," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 9(2), pages 118-136.
    4. Patten, Dennis M., 2002. "The relation between environmental performance and environmental disclosure: a research note," Accounting, Organizations and Society, Elsevier, vol. 27(8), pages 763-773, November.
    5. Cho, Charles H. & Patten, Dennis M., 2007. "The role of environmental disclosures as tools of legitimacy: A research note," Accounting, Organizations and Society, Elsevier, vol. 32(7-8), pages 639-647.
    6. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
    7. Patten, Dennis M., 1991. "Exposure, legitimacy, and social disclosure," Journal of Accounting and Public Policy, Elsevier, vol. 10(4), pages 297-308.
    8. Secchi Davide, 2004. "The Italian Experience in Social Reporting," Economics and Quantitative Methods qf04016, Department of Economics, University of Insubria.
    9. Roberts, Robin W., 1992. "Determinants of corporate social responsibility disclosure: An application of stakeholder theory," Accounting, Organizations and Society, Elsevier, vol. 17(6), pages 595-612, August.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Halkos, George & Bampatsou, Christina, 2017. "Technical efficiency, productivity change and environmental degradation," MPRA Paper 77176, University Library of Munich, Germany.
    2. Halkos, George & Bampatsou, Christina, 2016. "Investigating the effect of efficiency and technical changes on productivity," MPRA Paper 76287, University Library of Munich, Germany.

    More about this item

    Keywords

    Climate change; corporate disclosure; corporate social responsibility; content analysis; Greece.;

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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