碳信息披露、碳业绩与资本成本

被引:131
作者
何玉
唐清亮
王开田
机构
[1] 南京财经大学会计学院
[2] 西悉尼大学商学院
关键词
碳信息披露; 碳业绩; 资本成本; 联立方程;
D O I
暂无
中图分类号
X196 [环境经济学]; F233 [会计工作组织与制度]; F224 [经济数学方法];
学科分类号
02 ; 0201 ; 020106 ; 0701 ; 070104 ;
摘要
为应对气候变化挑战,越来越多企业自愿披露碳信息。本研究考察碳信息披露、碳业绩与资本成本之间关系。利用联立方程模型和标准普尔500企业样本,我们发现:资本成本与碳信息披露负相关,这符合自愿披露理论预测。而且,对于碳业绩好的企业,这个负相关关系更弱。我们还发现,碳信息披露与碳业绩负相关,这与合法性理论预测一致。研究表明,碳信息披露是企业的理性选择。企业披露碳信息旨在减轻合法性压力,降低资本成本。
引用
收藏
页码:79 / 86+95 +95
页数:9
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