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City University of New York (CUNY)
Climate change; Carbon emissions; Earnings conference calls; Common ownership; ESG; Analyst coverage
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Climate Change And Corporate Behaviors, Lei Lei
Climate Change And Corporate Behaviors, Lei Lei
Dissertations, Theses, and Capstone Projects
This dissertation consists of several chapters that span corporate disclosures on climate change-related impacts, environmental performance, common institutional ownership, and financial analyst coverage.
Chapter 1 This chapter briefly introduces this dissertation, including the motivation and structure.
Chapter 2 In this chapter, I exploit the oral and communicative nature of earnings conference calls to explore whether the discussions on climate change influence corporate environmental performance. I find strong and robust evidence that communications make firms engage more actively in environmentally beneficial investments, and thus, have better environmental profiles. Further evidence shows that mandatory disclosure may unexpectedly crowd out communications, and this …