Firm-Value Effects of Carbon Emissions and Carbon Disclosures: Evidence from Taiwan

• DOI: 10.2308/horizons-18-164r
• Publication Date: 2022-07-19T19:55:16Z
• Authors: Yan-Guang Han; Hua-Wei Huang; Wu-Po Liu; Yu-Lin Hsu
• Keywords: Value (mathematics); Carbon fibers

SYNOPSIS Extant accounting research based on data from the United States, Europe, and Australia finds that increases in carbon emissions are associated with lower firm value. However, recent indicates investor perspectives corporate social responsibility (CSR) other parts of world differ those Western investors. This study investigates whether emissions, as one indicator poor CSR performance, also a value Taiwan. Using disclosure Taiwanese-listed companies between 2012 2016, we find is positively which contrasts findings extant research. Likewise, not combined measure financial information Our suggest international generalizations relationship should be undertaken caution. JEL Classifications: G32; M4; M48; Q56.