Castillo, Juan; Hann, Rebecca N.; Kim, Heedong; Yan, Huihao - 2023
We examine the impact of firms’ voluntary climate disclosure on the stock market’s reaction to climate change policy … in recent literature, we find that carbon-intensive firms with greater discussion of climate change exposure in … greenwashing or cheap talk, but rather as a positive signal about the firms’ climate change preparedness and their ability to …