SSRN Electronic Journal, Год журнала: 2023, Номер unknown
Опубликована: Янв. 1, 2023
This paper examines how directors' and officers' liability insurance (D&O insurance) affects corporate carbon emissions in the manufacturing industry. It shows that D&O significantly persistently lowers emission intensity of firms. The identifies two channels through which environmental behaviors: fostering green innovation enhancing internal control. Heterogeneity analysis finds emission-reducing effect is stronger for firms regions with lax regulation poor resource endowment, low executive compensation high ownership-control divergence. confirms positive role providing managerial incentives governance reduction offers new implications evidence energy conservation practices
Язык: Английский