The Relationship Between Corporate Climate-related Disclosure and Financial Impacts: An Exploration of the Emerging Chinese Companies in a Global Financial Centre

UM > Faculty of Business Administration > DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT

Residential College	false
Status	已發表Published
	The Relationship Between Corporate Climate-related Disclosure and Financial Impacts: An Exploration of the Emerging Chinese Companies in a Global Financial Centre
	TERESA CHU1 ; GUO YING 2; TIFFANY CHENG HAN LEUNG 2
	2024-06
Publisher	The 31st International Conference on Pacific Rim Management
Publication Place	City University of Macau
Conference Name	The 31st International Conference on Pacific Rim Management
Conference Place	City University of Macau
Conference Date	June 29 to July 1, 2024
Country	Macau
Abstract	Climate change has become an important issue worldwide. However, the climate change disclosure poses challenges for companies in Hong Kong. Therefore, this study examines the extent of climate disclosure in Hong Kong listed companies and explores the relationship between corporate climate-related disclosure and financial impacts. This study performs analysis in ESG reports and annual reports of Hong Kong listed companies (2017-2021). There are three findings. First, the climate disclosure of Hong Kong listed companies lacks completeness and balance. Second, climate-related disclosure would cause better financial impacts. In particular, climate-related disclosure reduces cost of equity and corporate risk. Climate-related disclosure is a part of proactive environmental strategy, contributing to increased information transparency. Third, board of directors or senior managers reinforce the relationship between climate-related disclosure and financial impacts. The findings can draw the policymakers’ attention to make more detailed and targeted climate disclosure recommendations in the Hong Kong context and help companies proactively identify and manage climate risks and opportunities, reducing information asymmetry.
Keyword	Climate-related Disclosure Financial Impacts Task Force On Climate-related Financial Disclosures Hong Kong Listed Companies
Language	英語English
Document Type	Conference proceedings
Collection	DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Corresponding Author	GUO YING
Affiliation	1.University of Macau 2.City University of Macau
First Author Affilication	University of Macau
Recommended Citation GB/T 7714	TERESA CHU,GUO YING,TIFFANY CHENG HAN LEUNG. The Relationship Between Corporate Climate-related Disclosure and Financial Impacts: An Exploration of the Emerging Chinese Companies in a Global Financial Centre[C]. City University of Macau:The 31st International Conference on Pacific Rim Management, 2024.

Files in This Item:
There are no files associated with this item.

If you have any objections to this item, please fill out the form below and the administrator will contact you as soon as possible.
Content:
Email：	*
Affiliation No.
Verification Code:	Refresh

Any comments and suggestions are welcomed.
Title:	*
Content:
Email：	*
Verification Code:	Refresh