Academic Journal of Business & Management, 2023, 5(10); doi: 10.25236/AJBM.2023.051007.
Zheng Mengjie
North China University of Technology, Beijing, China
This study examines the impact of corporate carbon disclosure on the capital market reaction using 100 companies listed in China SSE Social Responsibility Index from 2018 to 2021 and reveals two significant findings. Firstly, there is a positive correlation between the quality of corporate carbon information disclosure and the company's stock price. Moreover, the higher the quality of carbon information disclosure, the more significant the positive market response it brings. Secondly, the impact of carbon information disclosure on stock price improvement is more evident in non-heavy polluting industries compared to heavily polluting industries. These findings can encourage enterprises to adopt sustainable development practices and improve the quality of their carbon information disclosure, ultimately promoting greener economic and social development.
Carbon information disclosure, Market reaction, Decision usefulness
Zheng Mengjie. Research on Market Reaction to Corporate Carbon Information Disclosure—Evidence from China. Academic Journal of Business & Management (2023) Vol. 5, Issue 10: 40-46. https://doi.org/10.25236/AJBM.2023.051007.
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