Hard Carbon Disclosure, Soft Carbon Disclosure and Carbon Performance1

摘要：

　　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.

关键词： Hard Carbon Disclosure Soft Carbon Disclosure Carbon Performance Legitimacy theory

作者: Yan Jiang Qingliang TANG Lifang Zhang

作者单位: Nanjing University of Finance and Economics,China University of Westem Sydney,Australia

会议类型: 国内会议

会议名称: 中国会计学会财务管理专业委员会2012年学术年会暨第十八届中国财务学年会

会议地点: 南宁

会议语种:英文

页码: 331-360

在线出版日期: 2012-11-17（万方平台首次上网日期，不代表论文的发表时间）