Social Capital and CO2 Emissions in Emerging Markets
Posted: 29 Aug 2024
Date Written: July 25, 2024
Abstract
In this study, we examine the relationship between social capital and firm-level CO2 emissions in emerging countries. We reveal a negative association between country-level social capital and firm-level CO2 emissions. Furthermore, by examining CEOs' country of origin, we find that firms led by CEOs from strong social capital countries generate lower CO2 emissions. These findings are robust to several model specifications and endogeneity checks, including a difference-indifference analysis using CEO hire as a shock.
Keywords: Social Capital, CO2 emissions, Emerging markets
Suggested Citation: Suggested Citation
Makrychoriti, Panagiota and Pyrgiotakis, Emmanouil G. and Andriani, Luca, Social Capital and CO2 Emissions in Emerging Markets (July 25, 2024). Available at SSRN: https://ssrn.com/abstract=4905488
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