The value of environmental information disclosure: evidence from China’s carbon-reduction policy

Yanhong Li, Guangjun Shen and Yang Yang

Applied Economics Letters, 2025, vol. 32, issue 17, 2401-2406

Abstract: The impact of environmental information disclosure on firm value is unclear in the literature. Using China’s announcement of its carbon policy as an exogenous shock, this study examines the impact of environmental information disclosure. We find that stock prices increased faster for firms disclosing carbon information through the signalling channel. This study also lends support for disclosing carbon information.

Date: 2025
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DOI: 10.1080/13504851.2024.2333455

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