Enterprise-value Effect of Carbon Disclosure

Abstract

Abstract:

Low-carbon economy is a trend of the current global economy. And carbon disclosure has been increasingly concerned by governments and investors. The empirical studies in this paper draw a conclusion that Chinese companies' carbon disclosure can enhance their enterprise value, and the enhancement is more obvious for the companies with more carbon emissions. Meanwhile, as an external factor, institutional investors also strengthen the sensitivity between carbon disclosure and enterprise-value. Our research explains the rationality and usefulness of carbon disclosure at the micro level.

Key words: carbon disclosure, enterprise-value, carbon emission, institutional investors

Li Xueting, Song Chang, Guo Xuemeng. Enterprise-value Effect of Carbon Disclosure[J]. , 2017, 29(12): 175-184.

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