Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/196274 
Year of Publication: 
2004
Series/Report no.: 
GEG Working Paper No. 2004/11
Publisher: 
University of Oxford, Global Economic Governance Programme (GEG), Oxford
Abstract: 
Financial markets are increasingly concerned about financial risks resulting from companies' environmental exposures and are demanding greater disclosure and transparency. Despite longstanding securities laws and regulations requiring such disclosures where environmental information is material, companies have not fully complied nor have regulators vigorously pressed enforcement actions. Studies of past disclosures of material environmental information in environmentally sensitive information show a pattern of inadequate disclosure. Greater transparency will promote more prudent environmental management by publicly owned companies by helping to resolve principal-agent problems between management and investors.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.