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Carbon disclosure, carbon performance and financial performance : International evidence
Siddique, Md Abubakar Akhtaruzzaman, Md Rashid, Afzalur Hammami, Helmi
Siddique, Md Abubakar
Akhtaruzzaman, Md
Rashid, Afzalur
Hammami, Helmi
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.
Keywords
carbon disclosure, carbon performance, financial performance
Date
2021
Type
Journal article
Journal
International Review of Financial Analysis
Book
Volume
75
Issue
Article 101734
Page Range
1-15
Article Number
ACU Department
Peter Faber Business School
Faculty of Law and Business
Faculty of Law and Business
Collections
Relation URI
Source URL
Event URL
Open Access Status
License
All rights reserved
File Access
Controlled