A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace
Carbon information disclosure, as a forward-looking environmental information disclosure, is an important tool to assist carbon accounting and enhance carbon emission reduction management. It plays an important role in improving environmental issues, reducing carbon emissions and achieving low-carbon development. In recent years, as carbon information disclosure has received widespread attention from scholars, the number of studies on carbon information disclosure has increased significantly. In order to provide a systematic review of carbon information disclosure research, we conducted a CiteSpace-based bibliometric and visualization study of the existing research results. We searched the Web of Science (WOS) database for all papers on carbon information disclosure using relevant keywords. Then, we manually screened the papers and obtained 502 valid articles and 2894 references. We studied the major nations, research institutions, journals, authors, and keywords of carbon disclosure research using CiteSpace software and bibliometric methodologies, and we visualized the analysis results of co-authorship, co-occurrence, co-citation, research hotspots and frontiers. The findings indicate that the United States has the most publications, followed by Australia, the United Kingdom and China. Recent years have seen an increase in publications, and several significant research institutions have been established, such as Western Sydney University, University of Newcastle, Macquarie University, Griffith University, etc. Tang Q, Luo L, Freedman M, Zorio-Grima A are among the leading contributors to carbon disclosure publications. “climate change”, “disclosure”, “performance” and “emission” are the most intense keywords, and "CSR disclosure", "perception" and "corporate social performance" represented the academic frontier. Ans Kolk, Clarkson Peter M., Luo Le, Deegan, Craig, and Patten, Dennis M. are the most cited scholars. Journal of Business Ethics is the journal that receives the most citations, followed by Journal of Cleaner Production and Business Strategy and the Environment. These findings not only give aspiring researchers a foundational understanding of carbon disclosure but also give academics a framework for qualitative and quantitative study, filling the gap between carbon disclosure research and bibliometric analysis.
Keyword :, , ,
This work is licensed under a Creative Commons Attribution 4.0 International License.
Adhikari, A; Zhou, HY(2022), Voluntary disclosure and information asymmetry: do investors in US capital markets care about carbon emission?, SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL, 13(1), 195-220 Albort-Morant, G., & Ribeiro-Soriano, D. (2016). A bibliometric analysis of international impact of business incubators. Journal of Business Research, 69(5), 1775–1779. Andrew, J; Cortese, C(2013), Free market environmentalism and the neoliberal project: The case of the Climate Disclosure Standards Board, CRITICAL PERSPECTIVES ON ACCOUNTING, 24 (6), 397-409 Antonini, C; Olczak, W; Patten, DM(2021), Corporate climate change disclosure during the Trump administration: evidence from standalone CSR reports, ACCOUNTING FORUM, 45(2), 118 -141 Anwar, M; Rahman, S; Kabir, MN(2021), Does national carbon pricing policy affect voluntary environmental disclosures? A global evidence, ENVIRONMENTAL ECONOMICS AND POLICY STUDIES, 23(2), 211 -244 Baboukardos, D(2017), Market valuation of greenhouse gas emissions under a mandatory reporting regime: Evidence from the UK, ACCOUNTING FORUM, 41(3), 221-233 Bellis, N. D. (2009). Bibliometrics and citation analysis: From the science citation index to Cybermetrics. Lanham: Scarecrow Press. Ben-Amar, W; Chang, M; McIlkenny, P(2017), Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project, JOURNAL OF BUSINESS ETHICS, 142(2), 369 -383 Blanco, C; Caro, F; Corbett, CJ(2016), The state of supply chain carbon footprinting: analysis of CDP disclosures by US firms, JOURNAL OF CLEANER Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 243 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace PRODUCTION, 135, 1189-1197 Borghei, Z(2021), Carbon disclosure: a systematic literature review, ACCOUNTING AND FINANCE, 61(4), 5255-5280 Calza, F; Profumo, G; Tutore, I(2016), Corporate Ownership and Environmental Proactivity, BUSINESS STRATEGY AND THE ENVIRONMENT, 25(6), 369-389 Carpineto, C., Osiński, S., Romano, G., & Weiss, D. (2009). A survey of web clustering engines. ACM Computing Surveys, 41(3), Article 17. Chang, DS; Yeh, LT; Liu, WR(2015), Incorporating the carbon footprint to measure industry context and energy consumption effect on environmental performance of business operations, CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY , 17(2), 359-371 Chen, C. (2003). Mapping scientific frontiers. London, England: Springer-Verlag. "Chen, C. (2006). CiteSpace II: Detecting and visualizing emerging trends and transient patterns in scientific literature. Journal of the American Society for Information Science and Technology, 57, 359-377." Chen, C. (2010). Information visualization. Wiley Interdisciplinary Reviews: Computational Statistics, 2, 387-403. Chen, C. (2015). How to use CiteSpace. Victoria, British Columbia, Canada: Leanpub. Chen, C. (2016). CiteSpace: A practical guide for mapping scientific literature. New York, NY: Nova Science Publishers. Chen, C. (2017). Expert review. Science mapping: A systematic review of the literature. Journal of Data and Information Science, 2(2), 1-40. "Chen, C., Cribbin, T., Macredie, R., & Morar, S. (2002). Visualizing and tracking the growth of competing paradigms: Two case studies. Journal of the American Society for Information Science and Technology, 53, 678-689." Chen, C., Dubin, R., & Kim, M. C. (2014). Emerging trends and new developments in regenerative medicine: A scientometric update (2000-2014). Expert Opinion on Biological Therapy, 14, 1295-1317. Clarkson, PM; Li, Y; Pinnuck, M; Richardson, GD(2015), The Valuation Relevance of Greenhouse Gas Emissions under the European Union Carbon Emissions Trading Scheme, EUROPEAN ACCOUNTING REVIEW, 24(3), 551-580 Cobo, M. J., López-Herrera, A. G., Herrera-Viedma, E., & Herrera, F. (2011). Science mapping software tools: Review, analysis, and cooperative study among tools. Journal of the American Society for Information Science & Technology, 62(7), 1382– 1402. Cordova, CR; Zorio-Grima, A; Garcia-Benau, M(2018), New trends in corporate Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 244 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace reporting: Information on carbon footprint in Spain, RAE-REVISTA DE ADMINISTRACAO DE EMPRESAS, 58(6), 537-550 Deegan, C; Islam, MA(2012), Corporate Commitment to Sustainability - Is it All Hot Air? An Australian Review of the Linkage between Executive Pay and Sustainable Performance, AUSTRALIAN ACCOUNTING REVIEW, 22 (4), 384-397 Depoers, F; Jeanjean, T; Jerome, T (2016) Voluntary Disclosure of Greenhouse Gas Emissions: Contrasting the Carbon Disclosure Project and Corporate Reports, JOURNAL OF BUSINESS ETHICS, 134(3), 445-461 Fang, Y., Yin, J., & Wu, B. (2017). Climate change and tourism: A scientometric analysis using CiteSpace. Journal of Sustainable Tourism, 26, 108-126 Freedman, M; Jaggi, B,(2004) CARBON DIOXIDE EMISSIONS AND DISCLOSURES BY ELECTRIC UTILITIES, RE-INVENTING REALITIES,10 ,105 -129 Gallego-Alvarez, I; Garcia-Sanchez, IM; Vieira, CD(2014), Climate Change and Financial Performance in Times of Crisis, BUSINESS STRATEGY AND THE ENVIRONMENT, 23(6), 361-374 Ganda, F(2022), The influence of carbon performance on the financial debt of listed companies in an emerging economy: Does company size matter?, BUSINESS STRATEGY AND DEVELOPMENT, 5(1), 44-58 Gaviria-Marin, M., Merigó, J. M., & Baier-Fuentes, H. (2019). Knowledge management: A global examination based on bibliometric analysis. Technology. Forecasting & Social Change, 140, 194-220. Glänzel, W., & Schubert, A. (2005). Analysing scie ntific networks through co-authorship. In H. F. Moed, W. Glänzel, U. Schmoch (Eds.), Handbook of quantitative science and technology research: The use of publication and patent statistics in studies of S & T systems (pp. 257-276). Netherlands, Dordrecht: Springer. Griffin, PA; Lont, DH; Sun, EY (2017) The Relevance to Investors of Greenhouse Gas Emission Disclosures, CONTEMPORARY ACCOUNTING RESEARCH, 34(2), 1265-1297 Hardiyansah, M; Agustini, AT; Purnamawati, I(2021), The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type, JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 8(1), 123-133 Hassan, OAG; Romilly, P(2018), Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: New insights, BUSINESS STRATEGY AND THE ENVIRONMENT, 27(7), 893-909 He, R; Luo, L; Shamsuddin, A; Tang, QL(2022), Corporate carbon accounting: a literature review of carbon accounting research from the Kyoto Protocol to the Paris Agreement, ACCOUNTING AND FINANCE, 62(1), 261-298 Hrasky, S(2012), Carbon footprints and legitimation strategies: symbolism or Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 245 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace action?, ACCOUNTING AUDITING & ACCOUNTABILITY JOURNAL,25(1), 174-198 ICAP (2022), Emissions Trading Worldwide: Status Report 2022 ,Berlin:International Carbon Action Partnership. IPCC (2021), Climate Change 2021: The Physical Science Basis- Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change , (Cambridge University Press). IPCC (2022), Climate Change 2022: Impacts, Adaptation and Vulnerability-Contribution of Working Group II to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change , (Cambridge University Press). IPCC (2022), Climate Change 2022: Mitigation of Climate Change. Contribution of Working Group III to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change , (Cambridge University Press). Jiang, Y; Luo, L; Xu, JF; Shao, XR(2021), The value relevance of corporate voluntary carbon disclosure: Evidence from the United States and BRIC countries, JOURNAL OF CONTEMPORARY ACCOUNTING & ECONOMICS , 17(3) Jung, J; Herbohn, K; Clarkson, P(2018), Carbon Risk, Carbon Risk Awareness and the Cost of Debt , Financing JOURNAL OF BUSINESS ETHICS, 150(4), 1151-1171 Kilic, M; Kuzey, C(2019), Determinants of climate change disclosures in the Turkish banking industry, INTERNATIONAL JOURNAL OF BANK MARKETING, 37(3), 901-926 Kolk, A. and Pinkse, J. (2005) Business responses to climate change: identifying emergent strategies, California Management Review, 47(3), 6-20. Kolk, A; Levy, D; Pinkse, J(2008), Corporate Responses in an Emerging Climate Regime: The Institutionalization and Commensuration of Carbon Disclosure, EUROPEAN ACCOUNTING REVIEW, 17(4 ), 719-745 Kurnia, P; Darlis, E; Putra, AA(2020), Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value, JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 7(12), 223-231 Lee, SY; Park, YS; Klassen RD (2015), Market Responses to Firms' Voluntary Climate Change Information Disclosure and Carbon Communication, CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 22(1), 1-12 Lemma, TT; Shabestari, MA; Freedman, M; Mlilo, M(2020), Corporate carbon risk exposure, voluntary disclosure, and financial reporting quality, BUSINESS STRATEGY AND THE ENVIRONMENT, 29(5), 2130-2143 Li, DY; Huang, M; Ren, SG; Chen, XH; Ning, LT(2018), Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100, JOURNAL OF BUSINESS ETHICS, 150(4), 1089-1104 Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 246 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace Liang, C. C., Luo, A. J. and Zhong, Z. Q.(2018), Knowledge mapping of medication literacy study: a visualized analysis using CiteSpace. SAGE Open Med. 6, 1–10. Liao, L; Luo, L; Tang, QL (2015) Gender diversity, board independence, environmental committee and greenhouse gas disclosure, BRITISH ACCOUNTING REVIEW, 47(4), 409-424 Liesen, A; Hoepner, AG; Patten, DM; Figge(2015), F Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe, ACCOUNTING AUDITING & ACCOUNTABILITY JOURNAL, 28(7), 1047-1074 Luo, L (2019) The influence of institutional contexts on the relationship between voluntary carbon disclosure and carbon emission performance, ACCOUNTING AND FINANCE, 59(2), 1235-1264 Luo, XY; Zhang, RM; Liu, W(2022), Environmental legitimacy pressure, political connection and impression management of carbon information disclosure, CARBON MANAGEMENT , 13(1), 90-104 Matsumura, EM; Prakash, R; Vera-Munoz, SC (2014) Firm-Value Effects of Carbon Emissions and Carbon Disclosures, ACCOUNTING REVIEW, 89(2), 695-724 McCain, K. W. (1991). Mapping economics through the journal literature: An experiment in journal co-citation analysis. Journal of the American Society for Information Science, 42(4), 290–296. Merigó, J. M., & Yang, J. B. (2017). A bibliometric analysis of operations research and management science. Omega, 73, 37-48. Nansai, K; Kagawa, S; Kondo, Y; Suh, S; Inaba, R; Nakajima, K(2009), IMPROVING THE COMPLETENESS OF PRODUCT CARBON FOOTPRINTS USING A GLOBAL LINK INPUT-OUTPUT MODEL: THE CASE OF JAPAN, ECONOMIC SYSTEMS RESEARCH, 21(3), 267-290 Nordenstam, L; Ilic, DD; Odlund, L(2018), Corporate greenhouse gas inventories, guarantees of origin and combined heat and power production - Analysis of impacts on total carbon dioxide emissions, JOURNAL OF CLEANER PRODUCTION, 186, 203-214 Noyons, E. C., Moed, H. F., & Luwel, M. (1999). Combining mapping and citation analysis for evaluative bibliometric purposes: A bibliometric study. Journal of the American Society for Information Science, 50(2), 115-131. Qian, W; Schaltegger, S (2017) Revisiting carbon disclosure and performance: Legitimacy and management views,BRITISH ACCOUNTING REVIEW, 49(4), 365-379 Saha, AK; Al-Shaer, H; Dixon, R; Demirag, I(2021), Determinants of Carbon Emission Disclosures and UN Sustainable Development Goals: The Case of UK Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 247 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace Higher Education Institutions, AUSTRALIAN ACCOUNTING REVIEW, 31 (2), 79-107 Small, H. (1973). Co-citation in the scientific literature: A new measure of the relationship between two documents. Journal of American Society for Information Science, 24(4), 265–269. Stanny, E; Ely, K(2008), Corporate Environmental Disclosures about the Effects of Climate Change, CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 15(6), 338-348 Tadros, H; Magnan, M; Boulianne, E(2020), Is corporate disclosure of environmental performance indicators reliable or biased information? A look at the underlying drivers, JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 18(4) , 661-686 Tan, DJ; Bilal; Gao, S; Komal, B(2020), Impact of Carbon Emission Trading System Participation and Level of Internal Control on Quality of Carbon Emission Disclosures: Insights from Chinese State-Owned Electricity Companies, SUSTAINABILITY, 12(5) Tang, QL(2019), Institutional Influence, Transition Management and the Demand for Carbon Auditing: The Chinese Experience, AUSTRALIAN ACCOUNTING REVIEW, 29(2), 376-394 Thelwall, M. (2008). Bibliometrics to webometrics. Journal of Information Science, 34(4), 605-621. White, H. D. & Mccain, K. W. (1998). Visualizing a discipline: An author co-citation analysis of information science, 1972–1995. Journal of the American Society for Information Science, 49(4), 327–355. Xiying Luo, Ruimin Zhang & Wei Liu (2022) , Environmental legitimacy pressure,political connection and impression management of carbon information disclosure, Carbon Management, 13(1), 90-104, Xue WZ, Li H, Rizwan A, Ramiz Ur ORCID R (2020) Knowledge Mapping of Corporate Financial Performance Research: A Visual Analysis Using Cite Space and Ucinet. Sustainability 12:35–54 Y.Chen, C. M. Chen, and Z. Y. Liu, “The methodology func- tion of CiteSpace mapping knowledge domains,” Studies in Science of Science, vol. 33, no. 2, pp. 242– 253, 2015. Youping Teng, Yue Huang , Shuai Yang(2022), Applying Knowledge Graph to Analyze the Historical Landscape Based on CiteSpace, Wireless Communications and Mobile Computing, Volume 2022, Article ID 3867541, 12 pages Yunus, S; Elijido-Ten, E; Abhayawansa, S(2016), Determinants of carbon management strategy adoption Evidence from Australia's top 200 publicly listed firms, MANAGERIAL AUDITING JOURNAL , 31(2), 156-179 Yuwei Du, Songsheng Chen, Luyao Tang(2021), The Research Progress and Business, Management and Economics Engineering ISSN: 2669-2481 / eISSN: 2669-249X 2023 Volume 21 Issue 1: 215–248 248 A Bibliometric and Visualization Review of Research on Carbon Information Disclosure Using CiteSpace Development Trend of Carbon Accounting: An Analysis Based on CiteSpace, China-USA Business Review, 20(4), 185-201 Z.Y. Liu, Mapping of Scientific Knowledge: Methods and Appli- cations, People's Press, Beijing, China, 2008. Zhang, YJ; Liu, JY(2020), Overview of research on carbon information disclosure, FRONTIERS OF ENGINEERING MANAGEMENT ,7(1), 47-6