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Corporate carbon emissions disclosure and stock price informativeness

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Listed:
  • Dai, Shuo
  • Sun, Yonghe

Abstract

Against the backdrop of heightened public awareness of environmental issues and climate change, this study examines the implication of corporate carbon emissions disclosure for stock price informativeness. Taking advantage of a research sample of listed firms in China from 2011 to 2022, this research presents robust evidence that carbon emissions disclosure is positively correlated with the information content included in stock prices. This relationship is weaker among non-manufacturing firms and firms with strong internal monitoring. Our findings hold across multiple econometric tests. In summary, this study contributes to the literature on sustainability and stock price informativeness.

Suggested Citation

  • Dai, Shuo & Sun, Yonghe, 2025. "Corporate carbon emissions disclosure and stock price informativeness," Finance Research Letters, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:finlet:v:73:y:2025:i:c:s1544612324016805
    DOI: 10.1016/j.frl.2024.106651
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