The influence of carbon emissions disclosure on company financial value in an emerging economy

Fortune Ganda ()
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Fortune Ganda: University of Limpopo

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2018, vol. 20, issue 4, No 16, 1723-1738

Abstract: Abstract Few studies have been conducted on the impact of carbon emissions disclosure on firms’ financial performance in emerging economies. Furthermore, comparison between accounting-based measures and market-based ones remains limited. This article examines the effect of carbon emissions reporting on the financial value of South African companies for the period 2010–2015. Using panel regression approaches, the findings show that, in most cases, carbon emission disclosure generates a positive relationship with ROA (an accounting-based indicator) but a negative association with MVA (a market-based indicator). The article concludes that accounting-based indicators offer more explanatory power for corporate greening initiatives.

Keywords: Carbon emissions disclosure; Return on assets (ROA); Market value added (MVA); South Africa CDP firms (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10668-017-9962-4

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