Ahmad Khaleeq, Irshad Younas Zahid, Manzoor Wajiha, Safdar Nabeel
University of Lahore, City Campus, Lahore Pakistan.
Lecturer at Berlin School of Business and Innovation, Potsdamer Street, 180-182, Berlin, Germany.
Heliyon. 2023 Feb 22;9(3):e13979. doi: 10.1016/j.heliyon.2023.e13979. eCollection 2023 Mar.
This study addresses the issues of Greenhouse Gas Emission and corporate social responsibility of firms in USA. This paper estimates various econometrics estimations varying from multivariate regression, static panel modes and dynamic panel models. Finally, to control the endogeneity problem dynamic panel model is preferred to capture the relationship of greenhouse gas emissions and corporate social responsibility. The result of the study shows a positive and significant relationship between greenhouse gas emission and corporate social responsibility. Further, it is also observed that firms with better corporate social responsibility performance can reduce greenhouse gas emissions. This is the first research that attempts to explore two-way relationships between greenhouse gas emission and corporate social responsibility by using various estimation techniques varying from multivariate, OLS to dynamic panel GMM. From a policy point of view, corporate social responsibility plays an important role in managing and reducing greenhouse gas emissions, ultimately creating a secure environment for all parties while improving business performance. Policymakers should create policies to control greenhouse gas emissions and enhance corporate social responsibility.
本研究探讨了美国企业的温室气体排放和企业社会责任问题。本文估计了从多元回归、静态面板模型到动态面板模型等各种计量经济学估计方法。最后，为了控制内生性问题，首选动态面板模型来捕捉温室气体排放与企业社会责任之间的关系。研究结果表明，温室气体排放与企业社会责任之间存在正相关且显著的关系。此外，还观察到企业社会责任表现较好的公司能够减少温室气体排放。这是第一项试图通过使用从多元、OLS到动态面板广义矩估计等各种估计技术来探索温室气体排放与企业社会责任之间双向关系的研究。从政策角度来看，企业社会责任在管理和减少温室气体排放方面发挥着重要作用，最终在提高企业绩效的同时为各方创造一个安全的环境。政策制定者应制定政策来控制温室气体排放并增强企业社会责任。
