Peer effect on climate risk information disclosure

被引:1
|
作者
Li, Yanxi [1 ]
Wang, Duo [1 ]
Meng, Delin [1 ]
Hu, Yunge [1 ]
机构
[1] Dalian Univ Technol, Sch Econ & Management, Dalian, Peoples R China
关键词
Climate Risk; Information Disclosure; Institutional Pressure; Cost-Benefit; Peer Effect; INSTITUTIONAL PRESSURE; COST;
D O I
10.1016/j.cjar.2024.100375
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
In this study, we examine the peer effect on climate risk information disclosure by analyzing A-share listed companies in China. We find that industry peers influence target firms' climate risk information disclosure through active (passive) imitation resulting from cost-benefit considerations (institutional pressures). Leader companies are more likely to be emulated by within-industry follower companies and target firms prefer to learn from similar withinindustry firms. Executive overconfidence and performance pressure negatively affect target firms' willingness to emulate their peers. Finally, the peer effect of climate risk information disclosure demonstrates a regional aspect. Our findings have implications for reasonable climate risk information disclosure at the micro level and effective regulation to move toward achieving carbon peak/neutrality at the macro level. (c) 2024 Sun Yat-sen University. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
引用
收藏
页数:30
相关论文
共 50 条
  • [31] The inadvertent disclosure of personal health information through peer-to-peer file sharing programs
    El Emam, Khaled
    Neri, Emilio
    Jonker, Elizabeth
    Sokolova, Marina
    Peyton, Liam
    Neisa, Angelica
    Scassa, Teresa
    JOURNAL OF THE AMERICAN MEDICAL INFORMATICS ASSOCIATION, 2010, 17 (02) : 148 - 158
  • [32] Information Privacy Concern About Peer Disclosure in Online Social Networks
    Chen, Jin
    Ping, Jerry Wenjie
    Xu, Yunjie
    Tan, Bernard C. Y.
    IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2015, 62 (03) : 311 - 324
  • [33] Peer effects of corporate product quality information disclosure: Learning and competition
    Wang, Jiaxin
    Wu, Guilin
    Huang, Xiang
    Sun, Di
    Song, Zilong
    JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2023, 88
  • [34] Corporations and Climate Change: An Investigation of Mandatory Climate Risk Disclosure in Australia
    Caldwell, Zoe
    ENVIRONMENTAL AND PLANNING LAW JOURNAL, 2020, 37 (01): : 3 - 17
  • [35] Users' Information Disclosure Behaviors during Interactions with Chatbots: The Effect of Information Disclosure Nudges
    Carmichael, Laurie
    Poirier, Sara-Maude
    Coursaris, Constantinos K.
    Leger, Pierre-Majorique
    Senecal, Sylvain
    APPLIED SCIENCES-BASEL, 2022, 12 (24):
  • [36] Information Disclosure and the Transition to a Low-Carbon Economy: Climate-Related Risk in the UK and France
    Webster, Emily
    JOURNAL OF ENVIRONMENTAL LAW, 2020, 32 (02) : 279 - 308
  • [37] Risk aversion, mandatory disclosure and the concealment of information
    Huang, Hui
    ECONOMICS LETTERS, 2008, 99 (01) : 2 - 9
  • [38] Risk Information in Non-Financial Disclosure
    Fijalkowska, Justyna
    Hadro, Dominika
    RISKS, 2022, 10 (01)
  • [39] Transparency and the disclosure of risk information in the banking sector
    Linsley, Philip
    Shrives, Philip
    JOURNAL OF FINANCIAL REGULATION AND COMPLIANCE, 2005, 13 (03) : 205 - +
  • [40] Research on the risk effects of accounting information disclosure
    Xiong, Yuhao
    Wang, Yonghai
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 95