IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v75y2025ics0275531925000418.html
   My bibliography  Save this article

Climate change management and companies' financial performance: Exploring the moderating role of carbon credits

Author

Listed:
  • Salvi, Antonio
  • Martielli, Francesco
  • Battisti, Enrico
  • Forliano, Canio
  • Kumar, Satish

Abstract

The purpose of this paper is to examine how carbon emissions affect companies' financial performance, exploring the moderating role of carbon credits. Drawing on institutional theory, this study analyses 118 companies that used carbon offsets in 2018–2022. The results reveal that carbon emissions have a detrimental effect on financial performance; however, this negative impact can be mitigated by adopting climate finance tools, such as carbon credits, which can moderate this relationship. This research offers valuable contributions to both theoretical and practical domains, supporting regulators in monitoring carbon emissions.

Suggested Citation

  • Salvi, Antonio & Martielli, Francesco & Battisti, Enrico & Forliano, Canio & Kumar, Satish, 2025. "Climate change management and companies' financial performance: Exploring the moderating role of carbon credits," Research in International Business and Finance, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:riibaf:v:75:y:2025:i:c:s0275531925000418
    DOI: 10.1016/j.ribaf.2025.102785
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531925000418
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ribaf.2025.102785?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:75:y:2025:i:c:s0275531925000418. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.