1. Introduction - 早稲田大学
1. Introduction - 早稲田大学
1. Introduction - 早稲田大学
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Saka and Oshika (2010) at KAA<br />
6. Summary and Conclusion<br />
The results are<br />
(1) Corporate CO 2 emissions have a negative impact on market value.<br />
(2) CO 2-related disclosure alleviates the negative impact .<br />
(3) Dummy coefficient on emissions trading scheme(ETS) participation<br />
is positive but insignificant.<br />
(4) For firms participating in ETS, CO 2 emissions do not have a<br />
significant negative impact on market value.<br />
Corporate CO 2 emission information, CO 2-related disclosure, and<br />
the data of participation in ETS are used in decision-making by<br />
investors.<br />
Limitation of the analysis<br />
Future research
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