Assignment Contemporary Issues in Accounting

Added on - 28 May 2020

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Running head:CONTEMPORARY ISSUES IN ACCOUNTINGContemporary Issues in AccountingName of the studentName of the UniversityAuthor note
1CONTEMPORARY ISSUES IN ACCOUNTINGExecutive summary:The report is done in order to find the relation between the climate change and voluntary CDPdisclosure. The report has used the agency theory in order find the relation and variousperspective has been found. Firstly, the report has found that there is a positive relation with thefirm’s activity and the climate change, which are influenced by the management of the firm, itssize and risk management. Besides this, the report has also found that capital is anotherimportant factor that alters the CDP disclosure of the firm. To conclude, the report hasmentioned the various previous researches related with the CSR and climate change andportrayed how important climate change study is.
2CONTEMPORARY ISSUES IN ACCOUNTINGTable of ContentsIntroduction:....................................................................................................................................3Practical motivation:........................................................................................................................3Theoretical motivation:....................................................................................................................4Literature review:.............................................................................................................................4Hypotheses:......................................................................................................................................6Conclusion:......................................................................................................................................6Appendix:........................................................................................................................................7Reference:......................................................................................................................................17
3CONTEMPORARY ISSUES IN ACCOUNTINGIntroduction:Climate change is one of the vital issues around the world to discuss owing to its greatimportance to the sustainability of the livelihood in the earth as well as growth of an economy.Carbon Disclosure Project (CDP) is one of the ambitious projects that have been collecting thecarbon emission data of the firms, who willingly disclose their Green House Gas (GHG)emission data (Hahn, Reimsbach and Schiemann 2015). Most of the prior analysis on the climatechange effect on the firm’s activity has considered either the legitimacy theory or the stakeholdertheory; however, an analysis cannot be completed without the help of agency theory. Thus, thisreport used the agency theory along with the CDP disclosure data to discuss the effect of climatechange. Besides this, the report will provide various views of the previous researches regardingthe climate change effect on firm’s activity.Practical motivation:Thus, there have been various researches regarding the issues related to the climatechange and its effect on the economic activities. However, most of the researches haveconsidered the macro economic scenario while assessing the effect of climate change, thoughthere is strong evidence that climate change cause alteration in the economic activity in microlevel (Robson and McCartan 2016). Agency theory aligned with the stakeholder theory is beingused by the various agencies to demonstrate their CDP disclosure. Moreover, the agency theoryis aligned with the maximisation value of the stakeholder theory of the firms; however, itopposes the legitimacy theory (Mitnick 2015).
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