Carbon Emission Disclosure and Firm Value: A Study of Manufacturing Firms in Indonesia and Australia

Authors

  • Pipin Kurnia University of Riau
  • D.P. Emrinaldi Nur University of Riau
  • Adhitya Agri Putra University of Riau

Abstract

This research aims to examine the effect of carbon emission disclosure on firm value in Indonesia and Australia. Research samples are 39 Indonesian manufacturing firms and 25 Australian manufacturing firms. Firm value is measured by Tobin's Q while carbon emission disclosure is measured by the carbon emission disclosure index. Based on analysis data, carbon emission disclosure in Indonesia increases firm value. It indicates carbon emission disclosure brings a competitive advantage for firms to create value. On the other hand, there is no effect of carbon emission disclosure in Australia on firm value. Carbon emission disclosure implementation is costly and leads to higher expenses and lower cash flow.

Keywords: Carbon Emission Disclosure, Firm Value, Indonesia, Australia

JEL Classifications: O16, Q51, Q56

DOI: https://doi.org/10.32479/ijeep.10730

Downloads

Download data is not yet available.

Downloads

Published

2021-02-01

How to Cite

Kurnia, P., Nur, D. E., & Putra, A. A. (2021). Carbon Emission Disclosure and Firm Value: A Study of Manufacturing Firms in Indonesia and Australia. International Journal of Energy Economics and Policy, 11(2), 83–87. Retrieved from https://www.econjournals.com/index.php/ijeep/article/view/10730

Issue

Section

Articles