The relationship between international financial reporting standards, carbon emissions, and R&D expenditures: Evidence from European manufacturing firms
Journal article
Authors | Apergis, Nicholas, Eleftheriou, Sofia and Payne, James |
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Abstract | This study examines the impact of research and development (R&D) expenditures on carbon dioxide (CO2) emissions prior to and under the mandatory adoption of International Financial Reporting Standards at the firm level within the manufacturing sectors of three European countries, i.e. Germany, France and the U.K. Estimation of a threshold autoregressive model using quarterly data from 1998 to 2011 reveals that in the post-IFRS mandatory adoption year R&D expenditures show a reduction in CO2 emissions to firms, i.e. rising CO2 abatement. This is likely due to the presence of incentives provided by the new accounting disclosure regime. Our results remain robust in terms of a sector analysis, firm size, and the introduction of the European Union Emission Trading Scheme (EU-ETS) across the three countries. |
Keywords | CO2 emissions; R&D expenditures; TAR model; IFRS adoption; European manufacturing firms |
Year | 2013 |
Journal | Ecological Economics |
Publisher | Elsevier |
Web address (URL) | http://hdl.handle.net/10545/623592 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623592 | |
Publication dates | Apr 2013 |
Publication process dates | |
Deposited | 14 Mar 2019, 17:40 |
Contributors | University of Piraeus, University of Piraeus and University of New Orleans |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/9335v/the-relationship-between-international-financial-reporting-standards-carbon-emissions-and-r-d-expenditures-evidence-from-european-manufacturing-firms
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