We introduce the decomposition of carbon emissions into an expected and an unexpected component and analyze the association between these components and firm value. The expected component captures a firm's average carbon emissions inherent to its business model and operating environment. The...

Firms' decisions to prepare and to publish private information are key issues in disclosure research. The Carbon Disclosure Project (CDP) provides a unique setting that allows us to examine the determinants of these two sequential disclosure decisions, first to respond to the CDP questionnaire...

We introduce the decomposition of carbon emissions into an expected and an unexpected component and analyze the association between these components and firm value. The expected component captures a firm's average carbon emissions inherent to its business model and operating environment. The...