We examine whether a firm’s operating inflexibility affects its carbon footprint. Using a large sample of firms from 30 countries over the 2003–2021 period, we provide first evidence that operating inflexibility reduces firms’ greenhouse gas (GHG) emissions. The negative effect of...

Previous financial disclosure literature suggests that private and public firms exhibit different characteristics in their financial reporting behavior. And yet literature on greenhouse gas (GHG) emissions disclosure has so far paid little attention to private firms, despite the fact that this...

Prior research suggests that the disclosure of greenhouse gas (GHG) emissions—a primary cause of climate change—affects firm valuation. In this paper, we provide new insights into the determinants of the voluntary disclosure of GHG emissions. We show that board ancestral diversity has a...

We study the relation between the structure of nancial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...

Examining the US Greenhouse Gas Reporting Program, I find that facilities reduce greenhouse gas emissions by 7.0% after mandatory disclosure of facility-level emissions. A facility's prior GHG inefficiency predicts subsequent GHG emissions reductions, but only after public disclosure occurs,...