Integrating Carbon Disclosure into Accounting Theory: Evidence from Global Emissions and Financial Indicators of SAARC nations.
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This study has been done to analyse the integration of carbon disclosure with accounting theory by determining the relationship between financial and environmental factors across six SAARC nations (Bhutan, Bangladesh, India, Sri Lanka, Nepal, and Pakistan). The study aim to analyse the effect of carbon emissions, renewable energy consumption, financial development on gross savings as a measure of macroeconomic resilience. Random Effect model was selected on the basis of Hausman specification test for the panel data analysis. The results of this study support the sustainability-saving nexus for SAARC nations. This study suggest policymakers and financial institutions to pave the way for providing better investment opportunities for sustainable practices both at corporate and national levels. Hence, by doing so, Sustainable Development Goal 13 (climate action) can be supported.
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