Greenhouse gas performance and disclosure-new global evidence

Mingchen Li, Peigong Li and Wanwan Zhu

International Review of Financial Analysis, 2025, vol. 105, issue C

Abstract: This study investigates the relationship between firms' underlying carbon footprints and firms' carbon disclosure for developed economies, developing economies, and internationally as a whole. To provide new evidence, we use an international dataset of firm-level carbon emission and disclosure data from the recently available Carbon Disclosure Project database, as well as other complementary and supplementary data sources. The overall global evidence suggests that firms with greater carbon footprints are associated with more extensive carbon emission-related information disclosure. The result holds for developed economies but not for developing economies. This difference provides new perspectives on connecting the contradictory empirical results that have characterised the prior literature.

Keywords: GHG (carbon) disclosure; Disclosure-performance association patterns; GHG (carbon) disclosure strategy; GHG (carbon) disclosure environment; GHG (carbon) information disclosure differences; GHG (carbon) Disclosure Channel (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:105:y:2025:i:c:s1057521925005423

DOI: 10.1016/j.irfa.2025.104455

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