Li Li
School of Shenzhen Graduate, Harbin Institute of Technology, Shenzhen, 518055, People Republic of China
Yang Yuanhua
School of Shenzhen Graduate, Harbin Institute of Technology, Shenzhen, 518055, People Republic of China
ABSTRACT
Based on the listed top 500 Chinese enterprises, this study, firstly, investigates the status of carbon disclosure via the 2011 annual reports, secondly, it analyzes the specific situation of carbon management in those enterprises that have disclosed carbon information, as well as the common characteristics shared by those enterprises that have adopted carbon management strategy; finally, this study conducts empirical analysis on the factors influencing enterprises willingness to disclose carbon information. This study initially reveals the current situation of Chinese enterprises in an all-round way and further deepens the understanding of Chinese enterprises willingness to disclose carbon information. Findings discover a relatively low willingness for disclosure and summary three common characteristics shared by those enterprises that have adopted carbon management strategy. The results further find the positive correlation between the willingness of carbon disclosure and enterprise size, between the willingness of carbon disclosure and ISO environmental management system authentication and between the willingness and industry classification, respectively; however, no significant correlations are revealed between the willingness to disclose and institutional ownership rate, as well as between the willingness and profitability.
PDF References Citation
How to cite this article
Li Li and Yang Yuanhua, 2013. Empirical Analysis on Disclosure Willingness of Carbon Information in Chinese Enterprises. Journal of Applied Sciences, 13: 4261-4269.
DOI: 10.3923/jas.2013.4261.4269
URL: https://scialert.net/abstract/?doi=jas.2013.4261.4269
DOI: 10.3923/jas.2013.4261.4269
URL: https://scialert.net/abstract/?doi=jas.2013.4261.4269
REFERENCES
- Pellegrino, C. and S. Lodhia, 2012. Climate change accounting and the Australian mining industry: Exploring the links between corporate disclosure and the generation of legitimacy. J. Cleaner Prod., 36: 68-82.
CrossRef - Clemens, B., C.E. Bamford and T.J. Douglas, 2008. Choosing strategic responses to address emerging environmental regulations: Size, perceived influence and uncertainty. Bus. Strategy Environ., 17: 493-511.
CrossRef - Campbell, D., 2003. Intra- and intersectoral effects in environmental disclosures: Evidence for legitimacy theory? Bus. Strategy Environ., 22: 357-371.
CrossRef - Dunn, S., 2002. Down to business on climate change: An overview of corporate strategies. Greener Manage. Int., 39: 27-41.
Direct Link - Stanny, E. and K. Ely, 2008. Corporate environmental disclosures about the effects of climate change. Corporate Social Responsibility Environ. Manage., 15: 338-348.
CrossRef - Kolk, A. and J. Pinkse, 2005. Business responses to climate change: Identifying emergent strategies. California Manage. Rev., 47: 6-20.
Direct Link - Brammer, S. and S. Pavelin, 2008. Factors influencing the quality of corporate environmental disclosure. Bus. Strategy Environ., 17: 120-136.
CrossRef - Da Silva Monteiro, S.M. and B. Aibar-Guzman, 2010. Determinants of environmental disclosure in the annual reports of large companies operating in Portugal. Corporate Social Responsibility Environ. Manage., 17: 185-204.
CrossRefDirect Link - Weinhofer, G. and V.H. Hoffmann, 2010. Mitigating climate change: How do corporate strategies differ? Bus. Strategy Environ., 19: 77-89.
CrossRefDirect Link - Schultz, K. and P. Williamson, 2005. Gaining competitive advantage in a carbon-constrained world: Strategies for European business. Eur. Manage. J., 23: 383-391.
CrossRef - Boiral, O., 2006. Global warming: Should companies adopt a proactive strategy? Long Range Plann., 39: 315-330.
CrossRef - Jeswani, H.K., W. Wehrmeyer and Y. Mulugetta, 2008. How warm is the corporate response to climate change? Evidence from Pakistan and the UK. Bus. Strategy Environ., 17: 46-60.
CrossRefDirect Link - Gonzalez-Benito, J. and O. Gonzalez-Benito, 2006. A review of determinant factors of environmental proactivity. Bus. Strategy Environ., 15: 87-102.
CrossRefDirect Link - Delmas, M. and M.W. Toffel, 2004. Stakeholders and environmental management practices: An institutional framework. Bus. Strategy Environ., 13: 209-222.
CrossRefDirect Link - Roberts, R.W., 1992. Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Account. Org. Soc., 17: 595-612.
CrossRef - Tilt, C.A., 1994. The influence of external pressure groups on corporate social disclosure: Some empirical evidence. Account. Auditing Accountability J., 7: 47-72.
CrossRef - De Villiers, C. and C. van Staden, 2006. Can less environmental disclosure have a legitimising effect? Evidence from Africa. Account. Organiz. Soc., 31: 763-781.
CrossRef - Llena, F., J.M. Moneva and B. Hernandez, 2007. Environmental disclosures and compulsory accounting standards: The case of Spanish annual reports. Bus. Strategy Environ., 16: 50-63.
CrossRef - Branco, M.C. and L.L. Rodrigues, 2008. Factors influencing social responsibility disclosure by Portuguese companies. J. Bus. Ethics, 83: 685-701.
CrossRefDirect Link - Aerts, W., D. Cormier and M. Magnan, 2008. Corporate environmental disclosure, financial markets and the media: An international perspective. Ecol. Econ., 64: 643-659.
CrossRef - Botosan, C.A., 1997. Disclosure level and the cost of equity capital. Accounting Rev., 72: 323-349.
Direct Link - Healy, P.M., A.P. Hutton and K.G. Palepu, 1999. Stock performance and intermediation changes surrounding sustained increases in disclosure. Contemp. Account. Res., 16: 485-520.
CrossRefDirect Link - Leuz, C. and R. Verrecchia, 2000. The economic consequences of increased disclosure. J. Account. Res., 38: 91-124.
Direct Link - Hail, L., 2002. The impact of voluntary corporate disclosure on the ex-ante cost of capital for Swiss Firms. Eur. Accounting Rev., 11: 741-773.
CrossRef - Pinkse, J., 2007. Corporate intentions to participate in emission trading. Bus. Strategy Environ., 16: 12-25.
CrossRef - Patten, D.M., 1992. Intra-industry environmental disclosures in response to the Alaskan oil spill: A note on legitimacy theory. Account. Organ. Soc., 17: 471-475.
CrossRef - Gray, R., R. Kouhy and S. Lavers, 1995. Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Account. Auditing Accountability J., 8: 47-77.
CrossRef - Dhaliwal, D.S., O.Z. Li, A. Tsang and Y.G. Yang, 2011. Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. Accounting Rev., 86: 59-100.
CrossRefDirect Link