Divulgation des émissions carbone au sein des marchés boursiers européens

Valentin Jouvenot and Philipp Krueger

Revue d'économie financière, 2020, vol. N° 138, issue 2, 157-176

Abstract: In this article, we examine the rates, disclosure regimes and levels of corporate carbon emissions in the major European stock market indices from 2002 to 2017. We find an increase in the rate of disclosure and a decrease in the level of carbon emissions. The decrease in the level of carbon emissions is mainly due to the decrease in emissions from companies belonging to the FTSE 100 and the CAC 40 - two indices in which companies are subject to mandatory disclosure. For companies belonging to other stock market indices - which are generally subject to less prescriptive disclosure regimes - carbon emissions decrease slightly or increase. Finally, we show that the relationship between disclosure rates and carbon emissions levels is negative : within an index, the higher the number of companies disclosing their carbon emissions, the lower the average carbon emissions. Classification JEL : G11, G14, Q54, Q56.

JEL-codes: G11 G14 Q54 Q56 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_138_0157 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2020-2-page-157.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_138_0157

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().