scholarly journals Do investors care about carbon emissions under the European Environmental Policy?

2021 ◽  
Author(s):  
Houdou Basse Mama ◽  
Rahel Mandaroux
Keyword(s):  
Environmental Policy ◽  
Carbon Emissions ◽  
European Environmental Policy

Convergent and Divergent Trends in European Environmental Policy

2002 ◽  
pp. 338-350
Author(s):  
Albert Weale ◽  
Geoffrey Pridham ◽  
Michelle Cini ◽  
Dimitrios Konstadakopulos ◽  
Martin Porter ◽  
...  
Keyword(s):  
Environmental Policy ◽  
European Environmental Policy

A Stackelberg Dynamic Game Model for Climate Change

2011 ◽  
Vol 204-210 ◽  
pp. 1720-1723 ◽  
Author(s):  
Xiao Yan Zou
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Environmental Policy ◽  
Carbon Emissions ◽  
Dynamic Game ◽  
International Agency ◽  
Game Model ◽  
International Agreement ◽  
Emission Abatement ◽  
Dynamic Game Model

Climate-Change (Global warming) is the central point on the current agenda of the international environmental policy. This paper proposes a model to formulate the global warming policy as dynamic Stackelberg or Leader-Follower Game. In this game, an international agency or international agreement is the leader, who will decide the emission abatement rate of each region; and the followers are several regions who control their consumption of carbon-energy relating to carbon emissions. The challenge of this model is to solve its equilibrium since it is not a liner-quadratic game model.

scholarly journals Firm-Value Effects of Carbon Emissions and Carbon Disclosures—Evidence from Korea

2021 ◽  
Vol 18 (22) ◽  
pp. 12166
Author(s):  
Jeong-Hwan Lee ◽  
Jin-Hyung Cho
Keyword(s):  
Environmental Policy ◽  
Carbon Emissions ◽  
Environmental Performance ◽  
Voluntary Disclosure ◽  
Firm Value ◽  
Positive Relationship ◽  
Traditional View ◽  
Firm Characteristics ◽  
Specific Data ◽  
Historical Developments

We examine the association between carbon emissions, carbon disclosures, and firm value for Korean firms, with a particular interest in chaebols, a special type of Korean conglomerate. Using hand-collected carbon emissions and firm-specific data for 841 Korean firms, including 514 chaebols and 335 non-chaebols, we find a significantly positive relationship between carbon emissions and firm value among chaebol affiliates. This result contrasts with previous findings conducted in advanced markets, where investors consider carbon emissions to be destructive. In terms of the voluntary disclosure policy, we find that companies with good environmental performance tend to disclose carbon emissions voluntarily. We further argue that these findings originate from the specific business atmosphere in Korea. Our results support the traditional view of corporations in terms of environmental policy and highlight the importance of firm characteristics and historical developments in the analysis of environmental policy.

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