Evidence on the pernicious effect of financial report environmental disclosure

By M. Freedman, Dennis M. Patten. 2004

194 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/cd41bc0023fc6c450b192ba40544bda15831dbfa

How researchers see this paper

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

In Marketing

In Strategy and Management

Citations in the corpus

Experienced and Novice Investors: Does Environmental Information Influence Investment Allocation Decisions? (2008, background): “Companies disclosing good environmental performance are also less likely to suffer negative price effects than companies disclosing negative environmental performance (Freedman and Patten, 2004).”
When Does Institutional Investor Activism Increase Shareholder Value?: The Carbon Disclosure Project (2011, background): “…as better prepared for possible future environmental regulations (Blacconiere & Patten, 1994; Blacconiere & Northcut, 1997; Patten & Nance, 1998; Freedman and Patten, 2004).9 Rationality-based stock valuation models suggest that a firm’s stock price 9 Prior empirical studies on the effect of…”
Environmental disclosures and share prices—a discussion about efforts to study this relationship (2004, background): “For example, in relation to the Freedman and Patten paper the environmental disclosure scoring system used is perhaps too simplistic when trying to test for market reactions. Given the history of this research I would hope for a bit more development. Using a 0–1 scoring system clearly ignores the ex”
Market reactions to the first‐time issuance of corporate sustainability reports: Evidence that quality matters (2010, background): “for reactions to changes in occupational safety cotton dust regulations, and Freedman and Patten (2004)”
Does Environmental Management Improve Financial Performance? A Meta-Analytical Review (2013, background): “…Sample Size Nb r– Av r– Corporate Environmental Performance Indicator Corporate Financial Performance Indicator Fogler and Nutt (1975) 9 4 0.7 Environmental disclosure Price stock variation Freedman and Patten (2004) 112 2 –0.287 Environmental disclosure Price stock variation”
Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: new insights. (2018, methodology): “The coefficient on CED(-1) is positive and significant in the full and developing country samples, consistent with results from Freedman and Patten (2004), Clarkson et al. (2013), and Plumlee et al. (2015), but negative and significant for developed countries, implying that greater prior…”