Democracy, national culture and greenhouse gas emissions: An international study
研究民主水平与企业温室气体排放强度的关系,发现民主制度降低排放,但国家文化(如个人主义、不确定性规避)会调节这一影响,文化的作用甚至超过民主。
Abstract This study examines whether a country's level of democracy is associated with greenhouse gas emission intensity of corporations and if national culture influences this association. Using cross‐country evidence, we find that firms operating in countries with strong democratic institutions are negatively associated with carbon emission intensity controlling for other country‐level variables. Democracy also moderates the positive effect of individualistic cultures on greenhouse gas emission intensity, whereas countries with high uncertainty avoidance and indulgence are associated with high emissions despite high democratic scores. That is, while the effects of democracy and culture on greenhouse gas emission intensity supplement each other, culture shapes a firm's strategy on environmental matters to a greater extent than democracy. The results are robust to alternative variable measurement.