Fatores determinantes da eficiência de carbono das empresas participantes do carbon disclosure project entre 2006 e 2009
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Arquivos
Tipo
Tese
Data de publicação
2012-03-16
Periódico
Citações (Scopus)
Autores
Leal, Carla Camargo
Orientador
Barros, Lucas Ayres Barreira de Campos
Título da Revista
ISSN da Revista
Título de Volume
Membros da banca
Nakamura, Wilson Toshiro
Kayo, Eduardo Kazuo
Brunstein, Janette
Luporini, Carlos Eduardo de Mori
Kayo, Eduardo Kazuo
Brunstein, Janette
Luporini, Carlos Eduardo de Mori
Programa
Administração de Empresas
Resumo
In just over 20 years of systematic studies on climate change, there are still many questions about its causes and its effects in environmental, social and economical terms. Various global institutions are involved with the issue, including among them, national governments, companies, and non-governmental organizations. The Carbon Disclosure Project collects information annually on carbon emissions from business; the project is due to the initiative of environmental organizations, which inserted the concern about the impact of climate change over business on the agenda of institutional investors. The objective of this thesis is to investigate, among the possible factors that influence the positioning of companies and business attitudes, which are those that are associated with significantly higher or lower greenhouse gases emissions, as well as major changes, a) in proportion to the company's growth, b) regarding industry peers and c) in relation to the emissions of previous periods, taking as basis the information reported by companies to the Carbon Disclosure Project between 2006 and 2009. The potential influence factors analyzed include: a) financial aspects; b) issues related to financial risks; c) issues related to climatic risks; d) certified processes of environmental management; e) forms of reporting the information on climate change adopted
by the companies; e) the location; f) the industry. Regarding the volume of emissions, the results indicated two factors of influence: the location, i.e., the fact that the company is headquartered in a country listed in Annex I of the Kyoto Protocol; and the industry, i.e., the
industrial activity to which the company belongs. As for efficiency relative to sales and to industry peers, the results indicated that we can not statistically reject the influence of the following factors: a) age of assets; b) level of financial leverage; c) level of assets intangibility; d) headquarters established in a country signatory to the Kyoto Protocol. The results of the analysis of possible factors influencing the variation in emissions compared to previous periods, however, failed to identify the influence of any factor.
Descrição
Palavras-chave
mudanças climáticas , carbon disclosure project , dados em painel , climate change , carbon disclosure project , panel data