Deakin University
Browse

Does a Customer Focus Influence Firms’ Climate-Change Reporting Decisions? The Role of Market-Driven Corporate Culture

journal contribution
posted on 2025-01-08, 02:58 authored by S Bose, SF Cahan, S Dhole, Sagarika MishraSagarika Mishra
ABSTRACTWhile there is increasing investor demand for climate‐change disclosures, less is known about how a firm's culture influences its decision to provide these disclosures. In this study, we focus on market‐driven or customer‐focused culture. We expect that firms with a market‐driven culture (MDC) will be more likely to provide climate‐change disclosures because such firms are more customer‐oriented. Our results are consistent with this expectation. We also find that the level of carbon emissions is negatively associated with MDC, suggesting that the climate‐change disclosures are not merely greenwash. Further, we find firm value is higher for MDC firms that provide climate‐change disclosures. Overall, we contribute to the literature by identifying MDC as an important determinant of climate‐change disclosure.

History

Journal

Journal of Business Finance & Accounting

Pagination

1-24

Location

London, Eng.

ISSN

0306-686X

eISSN

1468-5957

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Publisher

Wiley

Usage metrics

    Research Publications

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC