The Market Valuation of Environmental Capital Expenditures by Pulp and Paper Companies

By Peter M. Clarkson, Yue Li, Gordon Richardson. 2000

520 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/809cdfab9db3a42ddf6ca84041f6cf707b5c8dd6

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Citations in the corpus

Revisiting the Relation Between Environmental Performance and Environmental Disclosure: An Empirical Analysis (2008, background): “Similar relative performance measures are also used in Clarkson et al. (2004).”
Market valuation of greenhouse gas emissions under a mandatory reporting regime: Evidence from the UK (2017, background): “…associated with its market value, Hughes (2000) shows that sulfur dioxide missions are negatively associated with firms’ market valuation, and Clarkson et al. (2004) find that firms with high levels f toxic releases suffer a larger penalty in terms of their market capitalization than firms…”
Disclosure effects, carbon emissions and corporate value (2014, background): “For example, capital investment is often associated with incremental corporate value (Clarkson et al., 2004), and eco-efficient and proactive environmental strategies and activities have been fou d to lead to higher profitability and greater corporate value (King and Lenox, 2002; Burnett and…”
The international integrated reporting framework : key issues and future research opportunities (2014, background): “While this additional information has been shown to be value-relevant (Clarkson et al. 2004; Dhaliwal et al. 2011, 2012) the extent of reported nonfinancial information included in such reports is often overwhelming in quantity, with sustainability reports reaching up to 200 pages in length (KPMG…”
The Valuation Relevance of Greenhouse Gas Emissions under the European Union Carbon Emissions Trading Scheme (2015, methodology): “In detail, first, absent a measure designed to capture a firm’s general environmental performance, it is possible that the coefficients on our various carbon emissions measures may simply be capturing unbooked environmental liabilities on other dimensions of corporate environmental performance (e.g.”
Does it Really Pay to Be Green? Determinants and Consequences of Proactive Environmental Strategies (2011, unknown): “In addition, actual emission data in one single period can be difficult to interpret outside the industry context and it is well known that emission data evolve over time as industry wide environmental performance improves (Clarkson et al 2004).”