This paper examines the effects of the board characteristics on carbon productivity. Firm-level emission risk has been increasing since the enactment of South Korea’s Emissions Trading Scheme (ETS). Firms would want to maintain or increase productivity while reducing the emission level, to...

This study investigates the relationship between firm-level carbon productivity and volatility. With increasing interest in sustainable investing and inclusion of carbon productivity in financial assessments, we examine whether the market considers firms with high carbon productivity as less...