Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/266352 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Review of Accounting Studies [ISSN:] 1573-7136 [Volume:] 26 [Issue:] 3 [Publisher:] Springer Science and Business Media LLC [Place:] Berlin [Year:] 2021 [Pages:] 1137-1175
Verlag: 
Springer Science and Business Media LLC, Berlin
Zusammenfassung: 
We examine the impact of a disclosure mandate for greenhouse gas emissions on firms’ subsequent emission levels and financial operating performance. For UK-incorporated listed firms a carbon disclosure mandate was adopted in 2013. Our difference-in-differences design shows that firms affected by the mandate reduced their emissions by about 8% relative to a control group of European firms. At the same time, our tests indicate that the treated firms experienced no significant changes in their gross margins. Taken together, our findings indicate that the reporting mandate had a real effect on the variable to be disclosed without adversely affecting the financial operating performance of the treated firms.
Schlagwörter: 
Disclosure of nonfinancial information
Mandatory disclosure
Greenhouse gas emissions
Real effects
JEL: 
Q28
Q40
M41
M48
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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