The Road(Block) to Paris: How Accounting Rules Can Impact Climate Change Mitigation Through Corporate Investment Behaviour DOI
Vera Palea, Alessandro Migliavacca,

Andrew Haldane

и другие.

Опубликована: Янв. 1, 2025

The climate and ecological crises present unprecedented challenges for human society, underscoring the critical role of scientists in shaping policymakers' understanding responses. Embracing this commitment, we explore how financial reporting rules can be leveraged as instruments political ecology to address these challenges. Specifically, investigate impact alternative standards on change mitigation through their influence corporate investment behaviour. Focusing European Union, our analysis reveals that mandatory adoption International Financial Reporting Standards (IFRS), primarily based fair value measurement, has resulted lower levels higher GHG emissions compared Domestic Generally Accepted Accounting Principles (DGAAP), which rely historical cost accounting. These findings contribute literature IFRS-induced short-termism by highlighting its adverse effects domain. results also carry important implications policymakers.

Язык: Английский

The Road(Block) to Paris: How Accounting Rules Can Impact Climate Change Mitigation Through Corporate Investment Behaviour DOI
Vera Palea, Alessandro Migliavacca,

Andrew Haldane

и другие.

Опубликована: Янв. 1, 2025

The climate and ecological crises present unprecedented challenges for human society, underscoring the critical role of scientists in shaping policymakers' understanding responses. Embracing this commitment, we explore how financial reporting rules can be leveraged as instruments political ecology to address these challenges. Specifically, investigate impact alternative standards on change mitigation through their influence corporate investment behaviour. Focusing European Union, our analysis reveals that mandatory adoption International Financial Reporting Standards (IFRS), primarily based fair value measurement, has resulted lower levels higher GHG emissions compared Domestic Generally Accepted Accounting Principles (DGAAP), which rely historical cost accounting. These findings contribute literature IFRS-induced short-termism by highlighting its adverse effects domain. results also carry important implications policymakers.

Язык: Английский

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