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Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study / MD HAQUE

Swansea University Author: MD HAQUE

Abstract

This research examines the role of Big4 Auditors in mitigating climate risk. Primarily, this research is motivated by the lack of studies on the role of Big Four auditors on climate risk. This study, then, employs the firm-level climate risk based on the analyst calls. Subsequently, this research em...

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Published: Swansea, Wales, UK 2023
Institution: Swansea University
Degree level: Master of Research
Degree name: MSc by Research
Supervisor: Hoque, Hafiz
URI: https://cronfa.swan.ac.uk/Record/cronfa68084
first_indexed 2024-10-28T15:22:43Z
last_indexed 2024-11-25T14:21:24Z
id cronfa68084
recordtype RisThesis
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spelling 2024-10-28T15:55:14.6762989 v2 68084 2024-10-28 Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study 0488a7b427e4dcb07997641c40b409d8 MD HAQUE MD HAQUE true false 2024-10-28 This research examines the role of Big4 Auditors in mitigating climate risk. Primarily, this research is motivated by the lack of studies on the role of Big Four auditors on climate risk. This study, then, employs the firm-level climate risk based on the analyst calls. Subsequently, this research employs various statistical methodologies to examine the relationship between Big 4 auditors and climate risk and found that Big 4 auditors are negatively related to firm-level climate risk. This correlation remains stable across various climate-related variables and is supported by multiple statistical approaches, such as fixed effects. To address the selection issue, furthermore, this research employs the Heckman selection model and finds that the inverse mills ratio is significantly related to climate risk. This research also uses a propensity score model to address the endogeneity problem, and our results still hold. Our empirical finding in this study, therefore, may significantly contribute to the literature in understanding the substantial influence of Big Four Auditors’ practice on climate change risk at the firm level. E-Thesis Swansea, Wales, UK Firm-level climate risk, Big 4 Auditors, Heckman selection model, PSM 30 9 2023 2023-09-30 ORCiD identifier: https://orcid.org/0009-0009-5508-1438 COLLEGE NANME COLLEGE CODE Swansea University Hoque, Hafiz Master of Research MSc by Research 2024-10-28T15:55:14.6762989 2024-10-28T15:18:49.3892672 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance MD HAQUE 1 68084__32758__63aadbc949024c02bf29a3f22b94ce28.pdf Haque_Nazmul_MSc_Research_Thesis_Final_Cronfa.pdf 2024-10-28T15:28:17.2761580 Output 2243769 application/pdf E-Thesis – open access true Copyright: The author, Nazmul Haque, 2023. true eng
title Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
spellingShingle Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
MD HAQUE
title_short Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
title_full Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
title_fullStr Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
title_full_unstemmed Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
title_sort Firm-Level Climate Risk and Big 4 Audit Firms: A Cross-Country Study
author_id_str_mv 0488a7b427e4dcb07997641c40b409d8
author_id_fullname_str_mv 0488a7b427e4dcb07997641c40b409d8_***_MD HAQUE
author MD HAQUE
author2 MD HAQUE
format E-Thesis
publishDate 2023
institution Swansea University
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description This research examines the role of Big4 Auditors in mitigating climate risk. Primarily, this research is motivated by the lack of studies on the role of Big Four auditors on climate risk. This study, then, employs the firm-level climate risk based on the analyst calls. Subsequently, this research employs various statistical methodologies to examine the relationship between Big 4 auditors and climate risk and found that Big 4 auditors are negatively related to firm-level climate risk. This correlation remains stable across various climate-related variables and is supported by multiple statistical approaches, such as fixed effects. To address the selection issue, furthermore, this research employs the Heckman selection model and finds that the inverse mills ratio is significantly related to climate risk. This research also uses a propensity score model to address the endogeneity problem, and our results still hold. Our empirical finding in this study, therefore, may significantly contribute to the literature in understanding the substantial influence of Big Four Auditors’ practice on climate change risk at the firm level.
published_date 2023-09-30T05:20:22Z
_version_ 1851640955858321408
score 11.090009

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