Corporate disclosure of environmental capital expenditures: A test of alternative theories

By Charles H. Cho, M. Freedman, Dennis M. Patten. 2009

282 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/48331002fe3ab61e533a11165a678b9a36e4e812

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Citations in the corpus

CSR disclosure: the more things change…? (2015, unknown): “Numerous studies over the past decade (e.g., Aerts and Cormier, 2009; Cho and Patten, 2007; Cho et al., 2012) document a negative relationship between corporate environmental disclosure and firms’ environmental performance.”
Is Environmental Governance Substantive or Symbolic? An Empirical Investigation (2012, background): “The objective would be to portray the corporation as environmentally respon-sible—independently of whether it really is or not, hence creating an appearance of environmental concern that does not translate into actual environmental performance improvement (see Cho et al. 2012; Patten 2005).”
Disclosure effects, carbon emissions and corporate value (2014, background): “…used when companies display poor environmental performance or have a poor environmental reputation (Milne and Patten, 2002; Clarkson et al., 2008; Aerts and Cormier, 2009; Cho and Roberts, 2010; Villiers and Staden, 2011; Cho et al., 2012), disclosure is based on actual corporate activity.”
The effect of carbon dissemination on cost of equity (2019, background): “More recently, Cho et al. (2012) examined two competing theories (voluntary disclosure theory4 and legitimacy theory) to explain why some firms choose to disclose their environmental capital spending, whereas others do not.”
Are CSR disclosures relevant for investors? Empirical evidence from Germany (2016, unknown): “Alternatively, socio-political theories (including legitimacy theory and stakeholder theory; see Kuo and Chen, 2013; Cho et al. , 2012; Da Silva Monteiro and Aibar-Guzman, 2010) predict a negative association between CSR disclosure and share prices.”
Voluntary disclosure theory and financial control variables: An assessment of recent environmental disclosure research (2012, background): “Seven of the sample studies (Aerts & Cormier, 2009; Ahmad et al., 2003; Bewley & Li, 2000; Cho et al., 2012; Cormier & Gordon, 2001; Magness, 2006; Smith et al., 2007) include models based only on financial report environmental disclosures.”
Corporate governance, law, culture, environmental performance and CSR disclosure: A global perspective (2020, unknown): “For example, using archival data of Fortune 500 US ﬁrms, Cho et al. (2012) ﬁnd that ﬁrms disclosing environmental capital spending information do not improve subsequent environmental performance relative to non-disclosed ﬁrms; after controlling for industry and ﬁrm size effects, disclosed ﬁrms are…”