Carbon disclosure, carbon performance and financial performance: International evidence - Rennes School of Business Access content directly
Journal Articles International Review of Financial Analysis Year : 2021

Carbon disclosure, carbon performance and financial performance: International evidence

Abstract

This study examines how carbon performance affects carbon disclosure and how carbon disclosure affects financial performance. With a sample of global firms, the study analyses how relationships between carbon disclosure, carbon performance and financial performance vary in institutional contexts. Our results show that carbon disclosure positively affects carbon performance, consistent with the signalling theory. We find that carbon disclosure negatively (positively) affects financial performance in the short-term (long-term). Our findings have significant implications for investors as some firms use carbon disclosure as part of impression management. Our results help regulators to monitor carbon disclosure and assist investors with investment decisions.

Dates and versions

hal-03329120 , version 1 (30-08-2021)

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Md Abubakar Siddique, Md Akhtaruzzaman, Afzalur Rashid, Helmi Hammami. Carbon disclosure, carbon performance and financial performance: International evidence. International Review of Financial Analysis, 2021, 75, pp.101734. ⟨10.1016/j.irfa.2021.101734⟩. ⟨hal-03329120⟩
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