Carbon disclosure, carbon performance and financial performance: international evidence

Article

Siddique, Md Abubakar, Akhtaruzzaman, Md, Rashid, Afzalur and Hammami, Helmi. 2021. "Carbon disclosure, carbon performance and financial performance: international evidence." International Review of Financial Analysis. 75, pp. 1-15. https://doi.org/10.1016/j.irfa.2021.101734
Article Title

Carbon disclosure, carbon performance and financial performance: international evidence

ERA Journal ID19556
Article CategoryArticle
AuthorsSiddique, Md Abubakar (Author), Akhtaruzzaman, Md (Author), Rashid, Afzalur (Author) and Hammami, Helmi (Author)
Journal TitleInternational Review of Financial Analysis
Journal Citation75, pp. 1-15
Article Number101734
Number of Pages15
Year2021
PublisherElsevier
Place of PublicationNetherlands
ISSN1057-5219
Digital Object Identifier (DOI)https://doi.org/10.1016/j.irfa.2021.101734
Web Address (URL)https://www.sciencedirect.com/science/article/pii/S1057521921000776
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.

Keywordscarbon disclosure, carbon performance, financial performance
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020350107. Sustainability accounting and reporting
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Byline AffiliationsAbu Dhabi University, United Arab Emirates
Australian Catholic University
School of Business
Rennes School of Business, France
Institution of OriginUniversity of Southern Queensland
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