Do Foreign Investors Affect Carbon Emission Disclosure? Evidence from South Korea

Eunsoo Kim, Suyon Kim and Jaehong Lee
Additional contact information
Eunsoo Kim: Department of Global Business Administration, Sangmyung University, Seoul 03016, Korea
Suyon Kim: Department of Accounting, Jeonbuk National University, Jeonju 54896, Korea
Jaehong Lee: Major in Accounting/Taxation, Division of Business Administration, Kyonggi University, Suwon 16227, Korea

IJERPH, 2021, vol. 18, issue 19, 1-14

Abstract: The purpose of this study is to examine the relationship between foreign investors and voluntary disclosure. Focusing on voluntary disclosure of carbon emissions information and using South Korean firms from 2014 to 2019, we found that foreign investors are likely to voluntarily release information on carbon emissions. Thus, foreign investors play a role in controlling the information gap in a capital market. We also discuss the effect of environmental, social, and governance activities on the relationship between foreign investors and voluntary disclosure. We infer that the analysis result shows that foreign investors motivate firms to improve the environment to prepare for future environmental risks. Our study also suggests solving environmental problems actively, such as responding to climate change, by presenting a direction for policymaking on sustainable management.

Keywords: voluntary disclosure; carbon emission; Carbon Disclosure Project (CDP); foreign investors; ESG (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/1660-4601/18/19/10097/pdf (application/pdf)
https://www.mdpi.com/1660-4601/18/19/10097/ (text/html)

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:gam:jijerp:v:18:y:2021:i:19:p:10097-:d:643290

Access Statistics for this article

IJERPH is currently edited by Ms. Jenna Liu

More articles in IJERPH from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().