Carbon emission disclosure and firm value of carbon-intensive firms
The expansion of global economic activities by firms has raised increasing concerns over unsustainable energy consumption, which is contributing to global carbon emissions and posing a significant threat to the planet's climate and environment. This has led to intensive growth in investor pres...
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| Format: | Article |
| Language: | English |
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Universidade Federal de Pernambuco (UFPE)
2024-12-01
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| Series: | Journal of Perspectives in Management |
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| Online Access: | https://periodicos.ufpe.br/revistas/index.php/jpm/article/view/263970 |
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| author | Saheed Issa Abdulbaki Teniola Ubandawaki Ayodele Akande Abdulkadri Toyin Alabi |
| author_facet | Saheed Issa Abdulbaki Teniola Ubandawaki Ayodele Akande Abdulkadri Toyin Alabi |
| author_sort | Saheed Issa |
| collection | DOAJ |
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The expansion of global economic activities by firms has raised increasing concerns over unsustainable energy consumption, which is contributing to global carbon emissions and posing a significant threat to the planet's climate and environment. This has led to intensive growth in investor pressure for carbon emission mitigation and disclosure. The purpose of this study is to investigate the relationship between carbon disclosure and firm value as well as examining the moderating role of external assurance on both constructs. The data used were extracted from annual/stand-alone sustainability reports of carbon-intensive firms in Nigeria. Using Generalized Least Square regression analysis on 370 firm-year observations, this study finds that external assurance has a significant moderating role in increasing the effect of carbon disclosure on firm value. Carbon disclosure and external assurance also have a direct positive impact on firm value. The study recommends integrating carbon information into regulatory requirements and setting mandatory standards for sustainability assurance practices.
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| format | Article |
| id | doaj-art-df28790fae1e4f989b4ba8ac61c96a4b |
| institution | Kabale University |
| issn | 2594-8040 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Universidade Federal de Pernambuco (UFPE) |
| record_format | Article |
| series | Journal of Perspectives in Management |
| spelling | doaj-art-df28790fae1e4f989b4ba8ac61c96a4b2025-01-10T22:19:54ZengUniversidade Federal de Pernambuco (UFPE)Journal of Perspectives in Management2594-80402024-12-01810.51359/2594-8040.2024.263970Carbon emission disclosure and firm value of carbon-intensive firmsSaheed Issa0https://orcid.org/0000-0002-8232-2585Abdulbaki Teniola Ubandawaki1https://orcid.org/0009-0003-4108-4845Ayodele Akande2https://orcid.org/0000-0002-2894-6071Abdulkadri Toyin Alabi3https://orcid.org/0000-0002-3103-5367School of Business and Economics, Universiti Putra MalaysiaCenter for Applied Research on the Environment and Sustainability (CARES). The American University in CairoCollege of Islamic Studies, Hamad bin Khalifa UniversitySchool of Business and Governance, Kwara State University The expansion of global economic activities by firms has raised increasing concerns over unsustainable energy consumption, which is contributing to global carbon emissions and posing a significant threat to the planet's climate and environment. This has led to intensive growth in investor pressure for carbon emission mitigation and disclosure. The purpose of this study is to investigate the relationship between carbon disclosure and firm value as well as examining the moderating role of external assurance on both constructs. The data used were extracted from annual/stand-alone sustainability reports of carbon-intensive firms in Nigeria. Using Generalized Least Square regression analysis on 370 firm-year observations, this study finds that external assurance has a significant moderating role in increasing the effect of carbon disclosure on firm value. Carbon disclosure and external assurance also have a direct positive impact on firm value. The study recommends integrating carbon information into regulatory requirements and setting mandatory standards for sustainability assurance practices. https://periodicos.ufpe.br/revistas/index.php/jpm/article/view/263970Carbon Emission DisclosureFirm ValueExternal Assurance |
| spellingShingle | Saheed Issa Abdulbaki Teniola Ubandawaki Ayodele Akande Abdulkadri Toyin Alabi Carbon emission disclosure and firm value of carbon-intensive firms Journal of Perspectives in Management Carbon Emission Disclosure Firm Value External Assurance |
| title | Carbon emission disclosure and firm value of carbon-intensive firms |
| title_full | Carbon emission disclosure and firm value of carbon-intensive firms |
| title_fullStr | Carbon emission disclosure and firm value of carbon-intensive firms |
| title_full_unstemmed | Carbon emission disclosure and firm value of carbon-intensive firms |
| title_short | Carbon emission disclosure and firm value of carbon-intensive firms |
| title_sort | carbon emission disclosure and firm value of carbon intensive firms |
| topic | Carbon Emission Disclosure Firm Value External Assurance |
| url | https://periodicos.ufpe.br/revistas/index.php/jpm/article/view/263970 |
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