Corporate carbon opacity and voluntary GHG statement assurance

Rina Datt; Gabriel Donleavy; Qingliang Tang

Corporate carbon opacity and voluntary GHG statement assurance

Rina Datt, Gabriel Donleavy, Qingliang Tang

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

Corporate voluntary greenhouse gas (GHG) statements contain managers' private information about future sustainability potential which is difficult for external investors to verify. We hypothesise that firms with a higher degree of carbon information asymmetry will have a greater incentive to voluntarily purchase an independent GHG statement of assurance. We use the data collected from the Carbon Disclosure Project (CDP) and a total sample of 768 of the largest listed US companies to test the hypothesis. The results show that our proxies for carbon opacity are significantly associated with the propensity of voluntary GHG assurance. In addition, the tendency for GHG assurance manifests in our sample firms whose financial information is deemed transparent.

Original language	English
Title of host publication	2014 American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting: Global Engagement & Perspectives, 2-6 August 2014, Atlanta, Georgia
Publisher	American Accounting Association
Number of pages	1
Publication status	Published - 2014
Event	American Accounting Association. Annual Meeting - Duration: 1 Jan 2014 → …

Conference

Conference	American Accounting Association. Annual Meeting
Period	1/01/14 → …

Cite this

@inproceedings{fb2e360e78d242479a15ef60d6e32701,

title = "Corporate carbon opacity and voluntary GHG statement assurance",

abstract = "Corporate voluntary greenhouse gas (GHG) statements contain managers' private information about future sustainability potential which is difficult for external investors to verify. We hypothesise that firms with a higher degree of carbon information asymmetry will have a greater incentive to voluntarily purchase an independent GHG statement of assurance. We use the data collected from the Carbon Disclosure Project (CDP) and a total sample of 768 of the largest listed US companies to test the hypothesis. The results show that our proxies for carbon opacity are significantly associated with the propensity of voluntary GHG assurance. In addition, the tendency for GHG assurance manifests in our sample firms whose financial information is deemed transparent.",

author = "Rina Datt and Gabriel Donleavy and Qingliang Tang",

year = "2014",

language = "English",

booktitle = "2014 American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting: Global Engagement & Perspectives, 2-6 August 2014, Atlanta, Georgia",

publisher = "American Accounting Association",

note = "American Accounting Association. Annual Meeting ; Conference date: 01-01-2014",

}

Datt, R, Donleavy, G & Tang, Q 2014, Corporate carbon opacity and voluntary GHG statement assurance. in 2014 American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting: Global Engagement & Perspectives, 2-6 August 2014, Atlanta, Georgia. American Accounting Association, American Accounting Association. Annual Meeting, 1/01/14.

Corporate carbon opacity and voluntary GHG statement assurance. / Datt, Rina; Donleavy, Gabriel; Tang, Qingliang.
2014 American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting: Global Engagement & Perspectives, 2-6 August 2014, Atlanta, Georgia. American Accounting Association, 2014.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

TY - GEN

T1 - Corporate carbon opacity and voluntary GHG statement assurance

AU - Datt, Rina

AU - Donleavy, Gabriel

AU - Tang, Qingliang

PY - 2014

Y1 - 2014

N2 - Corporate voluntary greenhouse gas (GHG) statements contain managers' private information about future sustainability potential which is difficult for external investors to verify. We hypothesise that firms with a higher degree of carbon information asymmetry will have a greater incentive to voluntarily purchase an independent GHG statement of assurance. We use the data collected from the Carbon Disclosure Project (CDP) and a total sample of 768 of the largest listed US companies to test the hypothesis. The results show that our proxies for carbon opacity are significantly associated with the propensity of voluntary GHG assurance. In addition, the tendency for GHG assurance manifests in our sample firms whose financial information is deemed transparent.

AB - Corporate voluntary greenhouse gas (GHG) statements contain managers' private information about future sustainability potential which is difficult for external investors to verify. We hypothesise that firms with a higher degree of carbon information asymmetry will have a greater incentive to voluntarily purchase an independent GHG statement of assurance. We use the data collected from the Carbon Disclosure Project (CDP) and a total sample of 768 of the largest listed US companies to test the hypothesis. The results show that our proxies for carbon opacity are significantly associated with the propensity of voluntary GHG assurance. In addition, the tendency for GHG assurance manifests in our sample firms whose financial information is deemed transparent.

UR - http://handle.uws.edu.au:8081/1959.7/556693

M3 - Conference Paper

BT - 2014 American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting: Global Engagement & Perspectives, 2-6 August 2014, Atlanta, Georgia

PB - American Accounting Association

T2 - American Accounting Association. Annual Meeting

Y2 - 1 January 2014

ER -

Corporate carbon opacity and voluntary GHG statement assurance

Abstract

Conference

Other files and links

Fingerprint

Cite this