Ownership structure and climate-related corporate reporting

Nguyen, TH ORCID: https://orcid.org/0000-0001-7170-5882, Trinh, VQ and Chen, W, 2024. Ownership structure and climate-related corporate reporting. Accounting Forum. ISSN 0155-9982

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Abstract

We investigate the impacts of various types of corporate ownership structures (i.e., institutional, government, and managerial ownership) on climate-related corporate reporting as reflected in the levels of voluntary carbon disclosure. Using a sample of S&P 500 companies from 2015 to 2020 across both environmentally sensitive and non-environmentally sensitive industries, we find that diverse ownership structures have distinct impacts and preferences in corporate carbon disclosure. Specifically, government ownership is likely to promote transparency of carbon information. In contrast, the ownership held by institutional investors (total, short-term, and long-term), managers (i.e., CEOs, directors), and block-holders are negatively associated with the proactive greenhouse gas disclosure. We also find evidence that climate governance quality plays a positive moderating role in the relationship between two ownership types (i.e., long-term institutional investors and block-holder) and a firm’s climate-related corporate reporting. Our findings offer some practical insights for managers, regulators, and policymakers to focus on the configuration of corporate ownership in the context of improving green practices.

Item Type:	Journal article
Publication Title:	Accounting Forum
Creators:	Nguyen, T.H., Trinh, V.Q. and Chen, W.
Publisher:	Elsevier
Date:	20 February 2024
ISSN:	0155-9982
Identifiers:	Number Type 10.1080/01559982.2024.2301850 DOI 1864595 Other
Rights:	This is an Accepted Manuscript of an article published by Taylor & Francis in Accounting Forum on 20 February 2024, available at: https://doi.org/10.1080/01559982.2024.2301850
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Ward
Date Added:	17 Jun 2024 10:59
Last Modified:	17 Jun 2024 10:59
URI:	https://irep.ntu.ac.uk/id/eprint/51572

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