Do environmental policy instruments influence fiduciaries’ decisions?

Haigh, Matthew; Shapiro, Matthew

Abstract

This article examines the import of companies’ environmental performance levels in light of existing and nascent energy-usage and environmental management policies. The study is based on an experiment using a sample of financial institutions located in Europe, North America and Australia. One of several contributions of this article is its framing and consolidating of literature on energy and environmental management policy, environmental investing, and decision psychology.

Citation

Haigh, M., & Shapiro, M. (2013). Do environmental policy instruments influence fiduciaries’ decisions?. Environment and Planning A: Economy and Space, 45(4), 853-871. https://doi.org/10.1068/a45181

• Journal Article Type: Article
• Publication Date: Apr 23, 2013
• Deposit Date: Jul 10, 2012
• Print ISSN: 0308-518X
• Electronic ISSN: 1472-3409
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• Volume: 45
• Issue: 4
• Pages: 853-871
• DOI: https://doi.org/10.1068/a45181
• Keywords: environmental regulation, finance
• Publisher URL: http://www.envplan.com/abstract.cgi?id=a45181
• Additional Information: Copyright Statement : Moral rights are asserted by the authors.; References : Bäckstrand, K, Lövbrand, E, 2007, “Climate governance beyond 2012: competing discourses of green governmentality, ecological modernization and civic environmentalism” In Global Environmental Governance Ed ME Pettenger (Aldershot, Ashgate, UK) 23 - 49 Bumpus, AG, Liverman, D, 2008, “Accumulation by Decarbonisation and the Governance of Carbon Offsets” Economic Geography 84 127 - 156 Knox-Hayes, J, Levy, D, 2011, “The politics of carbon disclosure as climate governance” Strategic Organization 9 91 - 99 Kysar, D, 2010, Regulating from Nowhere: Environmental Law and the Search for Objectivity (Yale University Press, New Haven, CT) Leiserowitz, A, 2006, “Climate change risk perception and policy preferences: the role of affect, imagery, and values” Climatic Change 77 45 - 72 Mackenzie, D, 2007, “Finding the ratchet: the political economy of carbon trading” London Review of Books http://www.lrb.co.uk/v29/n07/donald-mackenzie/the-political-economy-of-carbon-trading Mackenzie, D, 2009, “Making things the same: gases, emission rights and the politics of carbon markets” Accounting, Organizations and Society 34 440 - 445 Rikhardsson, P, Holm, C, 2008, “The effect of environmental information on investment allocation decisions – an experimental study” Business Strategy and the Environment 17 382 - 397