Elsayih Jibriel, Datt Rina, Abdalmajeed Etaib E E
Department of Accounting, Faculty of Economics, Site University, Sirte, 674, Libya.
School of Business, Western Sydney University, Parramatta, New South Wales, 2150, Australia.
Heliyon. 2024 Aug 21;10(17):e36636. doi: 10.1016/j.heliyon.2024.e36636. eCollection 2024 Sep 15.
Drawing on legitimacy theory and stakeholder theory, this study examines whether oil price uncertainty (OPU) affects corporate carbon performance (CCP) in the international context. Based on data extracted from CDP (previously known as the Carbon Disclosure Project), World Bank, and Thomson Reuters Eikon databases, the study's sample consists of 9074 firm-year observations over the period 2011-2018 for all non-financial multinational companies invited to take part in the CDP questionnaire. Using an ordinary least squares regression model, we identify a strong relationship between OPU and carbon emissions performance. Our findings are robust to a battery of sensitivity tests, all of which support our original results. This study contributes new knowledge regarding the influence of OPU on CCP. The results will be of interest to investors and policymakers as they provide a useful basis for understanding OPU and its impact on CCP to promote better decision-making.
本研究借鉴合法性理论和利益相关者理论，考察在国际背景下油价不确定性（OPU）是否会影响企业碳绩效（CCP）。基于从CDP（前身为碳披露项目）、世界银行和汤森路透Eikon数据库提取的数据，该研究的样本包括2011年至2018年期间受邀参与CDP问卷的所有非金融跨国公司的9074个公司年度观测值。使用普通最小二乘法回归模型，我们发现OPU与碳排放绩效之间存在密切关系。我们的研究结果在一系列敏感性测试中都很稳健，所有这些测试都支持我们的原始结果。本研究贡献了关于OPU对CCP影响的新知识。这些结果将引起投资者和政策制定者的兴趣，因为它们为理解OPU及其对CCP的影响以促进更好的决策提供了有用的依据。
