Albarrak, Mohammed S., Elnahass, Marwa and Salama, Aly (2019) The effect of carbon dissemination on cost of equity. Business Strategy and the Environment, 28 (6). pp. 1179-1198. ISSN 0964-4733
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Abstract
This study examines whether firms can influence their cost of equity (COE) by broadly disseminating their carbon information over Twitter. We study firms' dissemination decisions of carbon information by developing a comprehensive measure of carbon information that a firm makes on Twitter, referred to as iCarbon . Using a sample of 1,737 firm‐year observations for 584 nonfinancial firms with a Twitter account and listed on the U.S. NASDAQ stock exchange over the period 2009–2015, we find that iCarbon is significantly and negatively associated with COE. Our results are consistent after determining the effect of Bloomberg's environmental and environmental, social, and governance disclosure. The findings also hold when using alternative measures of COE and iCarbon.
| Item Type: | Article |
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| Uncontrolled Keywords: | Carbon emissions, climate change, cost of equity, dissemination, legitimacy theory, twitter |
| Subjects: | N100 Business studies N300 Finance |
| Department: | Faculties > Business and Law > Newcastle Business School |
| Depositing User: | Elena Carlaw |
| Date Deposited: | 23 Jul 2020 16:15 |
| Last Modified: | 31 Jul 2021 12:01 |
| URI: | http://nrl.northumbria.ac.uk/id/eprint/43867 |
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