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来源类型Working Paper
规范类型报告
DOI10.3386/w28984
来源IDWorking Paper 28984
The Real Effects of Mandatory CSR Disclosure on Emissions: Evidence from the Greenhouse Gas Reporting Program
Lavender Yang; Nicholas Z. Muller; Pierre Jinghong Liang
发表日期2021-07-05
出版年2021
语种英语
摘要We examine the real effects of the Greenhouse Gas Reporting Program (GHGRP) on electric power plants in the United States. Starting in 2010, the GHGRP requires both the reporting of greenhouse gas emissions by facilities emitting more than 25,000 metric tons of carbon dioxide per year to the Environmental Protection Agency and the public dissemination of the reported data in a comprehensive and accessible manner. Using a difference-in-difference research design, we find that power plants that are subject to the GHGRP reduced carbon dioxide emission rates by 7%. The effect is stronger for plants owned by publicly traded firms. We detect evidence of strategic behavior by firms that own both GHGRP plants and non-GHGRP plants. Such firms strategically reallocate emissions between plants to reduce GHGRP-disclosed emissions. We interpret this as evidence that the program is costly to the affected firms. Our results offer new evidence that public or shareholder pressure is a primary channel through which mandatory Corporate Social Responsibility (CSR) reporting programs affect firm behavior.
主题Financial Economics ; Corporate Finance ; Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w28984
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586658
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Lavender Yang,Nicholas Z. Muller,Pierre Jinghong Liang. The Real Effects of Mandatory CSR Disclosure on Emissions: Evidence from the Greenhouse Gas Reporting Program. 2021.
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