Corporate Environmental Strategy, Lobby Group Participation and Political Reaction to New Zealand Emissions Trading Bill

Accounting, Accountability & Performance Journal 19 (1):5-32, 2014

38 Pages Posted: 11 Jan 2014 Last revised: 28 Apr 2017

See all articles by Binh Bui

Binh Bui

Victoria University of Wellington

Noor Houqe

School of Accountancy

Date Written: January 9, 2014

Abstract

This paper aims to investigate the environmental strategy on the choice of a firm’s political reaction in response to a proposed Emissions Trading Scheme (ETS) in New Zealand. Using sample of 33 firms in four industries that are affected by the introduction of the ETS, this study found a contingency relationship between environmental strategy and political reaction. Accordingly, firms adopting a more reactive environmental strategy tend to oppose and dismiss the introduction of an ETS. Additionally, firms that actively participate in different lobby groups are also more likely to dismiss the ETS Bill. A firm’s political reaction is also found to correlate with firm size and industry.

Keywords: emissions trading scheme, regulation, environmental strategy, political reaction, lobby group participation

JEL Classification: C21, M14

Suggested Citation

Bui, Binh and Houqe, Muhammad Nurul, Corporate Environmental Strategy, Lobby Group Participation and Political Reaction to New Zealand Emissions Trading Bill (January 9, 2014). Accounting, Accountability & Performance Journal 19 (1):5-32, 2014 , Available at SSRN: https://ssrn.com/abstract=2377056 or http://dx.doi.org/10.2139/ssrn.2377056

Binh Bui

Victoria University of Wellington ( email )

P.O. Box 600
Wellington, 6140
New Zealand
+64 4 463 5076 (Fax)

HOME PAGE: http://www.victoria.ac.nz/sacl/staff/binhbui.aspx

Muhammad Nurul Houqe (Contact Author)

School of Accountancy ( email )

New Zealand

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