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Carbon disclosure, carbon performance and financial performance: International evidence

Author

Listed:
  • Md Abubakar Siddique

    (ADU - Abu Dhabi University)

  • Md Akhtaruzzaman

    (ACU - Australian Catholic University)

  • Afzalur Rashid

    (USQ - University of Southern Queensland)

  • Helmi Hammami

    (ESC [Rennes] - ESC Rennes School of Business)

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.

Suggested Citation

  • Md Abubakar Siddique & Md Akhtaruzzaman & Afzalur Rashid & Helmi Hammami, 2021. "Carbon disclosure, carbon performance and financial performance: International evidence," Post-Print hal-03329120, HAL.
    • Handle: RePEc:hal:journl:hal-03329120
    DOI: 10.1016/j.irfa.2021.101734
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    More about this item

    Keywords

    Carbon disclosure; Carbon performance; financial performance;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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