Peer effect on climate risk information disclosure  

作　　者：Yanxi Li Duo Wang Delin Meng Yunge Hu 

机构地区：[1]School of Economics and Management,Dalian University of Technology,Dalian,China

出　　处：《China Journal of Accounting Research》2024年第3期168-197,共30页中国会计学刊（英文版）

基　　金：funded by grants from the National Social Science Foundation of China(No.18ZDA095,No.21BJY080 and No.22CJY049);the Social Science Planning Fund of Liaoning Province(No.L22ZD039).

摘　　要：In this study,we examine the peer effect on climate risk information disclosure by analyzing A-share listed companies in China.We find that industry peers influence target firms’climate risk information disclosure through active(passive)imitation resulting from cost-benefit considerations(institutional pressures).Leader companies are more likely to be emulated by within-industry follower companies and target firms prefer to learn from similar withinindustry firms.Executive overconfidence and performance pressure negatively affect target firms’willingness to emulate their peers.Finally,the peer effect of climate risk information disclosure demonstrates a regional aspect.Our findings have implications for reasonable climate risk information disclosure at the micro level and effective regulation to move toward achieving carbon peak/neutrality at the macro level.

关 键 词：Climate Risk Information Disclosure Peer Effect Institutional Pressure COST-BENEFIT 

分 类 号：F832.51[经济管理—金融学] F425F274