Does climate governance affect waste disclosure? Evidence from the U.S.

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Does climate governance affect waste disclosure? Evidence from the U.S. / Ahsan, Tanveer ; Albitar, Khaldoon ; Gull, Ammar et al.
In: Applied Economics, Vol. 56, No. 43, 2024, p. 5146-5162.

Research output: Contribution to journalArticlepeer-review

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Ahsan, T, Albitar, K, Gull, A & Hussainey, K 2024, 'Does climate governance affect waste disclosure? Evidence from the U.S.', Applied Economics, vol. 56, no. 43, pp. 5146-5162. https://doi.org/10.1080/00036846.2023.2244242

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Ahsan T, Albitar K, Gull A, Hussainey K. Does climate governance affect waste disclosure? Evidence from the U.S. Applied Economics. 2024;56(43):5146-5162. Epub 2023 Oct 3. doi: 10.1080/00036846.2023.2244242

Author

Ahsan, Tanveer ; Albitar, Khaldoon ; Gull, Ammar et al. / Does climate governance affect waste disclosure? Evidence from the U.S. In: Applied Economics. 2024 ; Vol. 56, No. 43. pp. 5146-5162.

RIS

TY - JOUR

T1 - Does climate governance affect waste disclosure? Evidence from the U.S.

AU - Ahsan, Tanveer

AU - Albitar, Khaldoon

AU - Gull, Ammar

AU - Hussainey, Khaled

PY - 2024

Y1 - 2024

N2 - Traditional corporate governance mechanisms can improve corporate financial and non-financial disclosures. However, how corporate climate governance affects firms’ waste disclosure remains unclear. Contributing to the emerging climate governance concept, this study investigates climate governance’s impact on waste disclosure using a sample of U.S. non-financial firms from 2002 to 2019. This study makes two contributions to the disclosure and governance literature. First, it shows that high-quality climate governance improves firms’ waste disclosure (including hazardous and non-hazardous waste disclosures). It reveals that climate governance quality affects firms’ waste disclosure through several channels. Second, we show that higher waste disclosure and climate governance quality reduce firms’ market performance. Climate governance quality has a significant positive moderating role in the relationship between waste disclosure and firms’ market performance; higher climate governance quality positively impacts firms’ market performance through waste disclosure. The results are robust to alternative proxies for waste disclosure, different regression techniques, and endogeneity issues.

AB - Traditional corporate governance mechanisms can improve corporate financial and non-financial disclosures. However, how corporate climate governance affects firms’ waste disclosure remains unclear. Contributing to the emerging climate governance concept, this study investigates climate governance’s impact on waste disclosure using a sample of U.S. non-financial firms from 2002 to 2019. This study makes two contributions to the disclosure and governance literature. First, it shows that high-quality climate governance improves firms’ waste disclosure (including hazardous and non-hazardous waste disclosures). It reveals that climate governance quality affects firms’ waste disclosure through several channels. Second, we show that higher waste disclosure and climate governance quality reduce firms’ market performance. Climate governance quality has a significant positive moderating role in the relationship between waste disclosure and firms’ market performance; higher climate governance quality positively impacts firms’ market performance through waste disclosure. The results are robust to alternative proxies for waste disclosure, different regression techniques, and endogeneity issues.

U2 - 10.1080/00036846.2023.2244242

DO - 10.1080/00036846.2023.2244242

M3 - Article

VL - 56

SP - 5146

EP - 5162

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 43

ER -