The Relevance to Investors of Greenhouse Gas Emission Disclosures

By Paul A. Griffin, D. Lont, E. Sun. 2017

372 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/30750ab9a1b463a97d1046e3381d88926e8dfae0

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. C. de Villiers
2. Gordon Richardson
3. P. McIlkenny
4. Alice Sakhel
5. Millicent Chang
6. W. Ben‐Amar
7. Binh Bui
8. Peter M. Clarkson

In Strategy and Management

1. Gordon Richardson
2. C. de Villiers
3. Peter M. Clarkson
4. Yue Li
5. Stefan Lewandowski
6. Franziska Sump
7. P. McIlkenny
8. Alice Sakhel

Citations in the corpus

• Business strategies and management accounting in response to climate change risk exposure and regulatory uncertainty (2017, background): “Companies also increase carbon disclosure to respond to public and investor pressures associated with their emissions profile (Griffin et al., 2012; Reid & Toffel, 2009).”
• Corporate Carbon and Financial Performance: A Meta‐analysis (2018, background): “…often result from small-scale projects with short amortization times (Hoffmann 2007; Jones and Levy 2007; Yang et al. 2014), the results for market-based measures demonstrate that investors appear to imply carbon emissions with an “off-balance sheet valuation discount” (Griffin et al. 2016).”
• Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project (2015, background): “Recent studies provide evidence that voluntary disclosure of GHG emission levels to the CDP is value relevant for investors (Griffin et al. 2010; Matsumura et al. 2014).”
• Corporate Carbon and Financial Performance Revisited (2020, background): “We also control for capital intensity (Brouwers et al., 2015; Clarkson et al., 2015; Delmas et al., 2015; Fujii et al., 2013; Griffin et al., 2017; Iwata & Okada, 2011; Jung et al., 2014; Wang et al., 2014).”
• Carbon Disclosure, Contextual Factors, and Information Asymmetry: The Case of Physical Risk Reporting (2018, methodology): “For example, Griffin, Lont, and Sun (2017) find that firms that are more transparent about their carbon emissions experience an increase in trading volume of their shares around the date of new disclosures of climate change information.”
• The Valuation Relevance of Greenhouse Gas Emissions under the European Union Carbon Emissions Trading Scheme (2015, background): “To begin, consistent with Griffin et al. (2013), we find the coefficient on the CDLI measure to be insignificant across all models.”