Abstracts
Abstract
The determinants of banks’ voluntary environmental disclosure have been little studied in the literature. Drawing from the assumptions of institutional theory, this paper analyzes the impact of the national context, including the general legal system and the environmental policy of states, on banks’ carbon disclosure. Based on three international samples, the results show a positive relationship between the strength of the legal system (degree of law enforcement), the stringency of environmental regulations, environmental performance, and the quality of banks’ carbon disclosure.
Keywords:
- banking industry,
- voluntary carbon disclosure,
- institutional theory,
- legitimacy theory
Résumé
Les déterminants de la divulgation volontaire d’informations environnementales par les banques ont été peu étudiés dans la littérature. S’appuyant sur les hypothèses de la théorie institutionnelle, cet article analyse l’impact du contexte national, y compris le système juridique général et la politique environnementale des États, sur la divulgation des émissions de carbone par les banques. Sur la base de trois échantillons internationaux, les résultats montrent une relation positive entre la force du système juridique (degré d’application de la loi), la rigueur des réglementations environnementales, la performance environnementale et la qualité de la divulgation d’informations sur le carbone par les banques.
Mots-clés :
- secteur bancaire,
- divulgation volontaire des émissions de carbone,
- théorie institutionnelle,
- théorie de la légitimité
Resumen
Los factores determinantes de la divulgación voluntaria de información medioambiental por parte de los bancos han sido poco estudiados en la literatura. Partiendo de los supuestos de la teoría institucional, este trabajo analiza el impacto del contexto nacional, incluido el sistema jurídico general y la política medioambiental de los Estados, en la divulgación de las emisiones de carbono por parte de los bancos. Basándose en tres muestras internacionales, los resultados muestran una relación positiva entre la solidez del sistema jurídico (grado de cumplimiento de la ley), el rigor de la normativa medioambiental, los resultados medioambientales y la calidad de la divulgación de las emisiones de carbono por parte de los bancos.
Palabras clave:
- sector bancario,
- revelación voluntaria de información sobre el carbono,
- teoría institucional,
- teoría de la legitimidad
Appendices
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