Hard Carbon Disclosure, Soft Carbon Disclosure and Carbon Performance1

• 作 者: Yan Jiang Qingliang TANG Lifang Zhang
• 机 构: Nanjing University of Finance and Economics,China
• 出 处: 中国会计学会,中国财务学会
• 发表日期: 2012年5期
• 关键词: Hard Carbon Disclosure Soft Carbon Disclosure Carbon Performance Legitimacy theo

　　Previous empirical evidence provides mixed results on the relationship between corporate environmental performance and the level of environmental dsclosures.We revisit similar relations by testing the relationships among corporate lard carbon disclosure, soft carbon disclosure and carbon performance.In particular, we improve the prior literature by using a more rigorous research design to dassify the hard cerbon disclosure and soft carbon disclosure.We rely on CDP questionnaire 2010 for S&P 500 and use factor analysis to identify hard carbon disclosure and soft carbon disclosure.Our findings imply that following the legitimacy theory firms and managers with lower carbon performance are inclined to disclose more quantitative carbon information.We analysis the reason in that is quantitative carbon information is more intuitive understanding and acceptance for investor.Thus, we argue that future carbon disclosure research inciuding the design of CDP questionnaire should move the focus to quantitative carbon disclosure.