Greenhouse gas emission allowances: Financial reporting transparency

• Autor(a) principal: Milanés-Montero, Patricia
• Data de Publicação: 2021
• Outros Autores: Pérez-Calderón, Esteban, Dias, Ana Isabel
• Tipo de documento: Artigo
• Idioma: por; eng
• Título da fonte: Revista de Administração de Empresas
• Texto Completo: https://periodicos.fgv.br/rae/article/view/85100
• topic: Greenhouse gas emissions, International Financial Reporting Standards, financial reporting, panel data.; Emisiones de gases de efecto invernadero, norma internacional de información financiera, información financiera, datos en panel.; Emissões de gases de efeito estufa, norma internacional de relatório financeiro, relatório financeiro, dados em painel.

This research analyzes the influence that the performance of GHG emissions has on the level of transparency in financial reporting. Content analysis of the financial statement notes allowed the level of transparency to be measured. The results suggest that the level oftransparency in financial reporting is negatively related to the performance of GHG emissions when financial reports are prepared on the basis of the International Financial Reporting Standards. It was also concluded that more ‘good news’ is disclosed by companies when their GHG emissions’ performance reduces. This study complements previous literature about transparency in financial reporting, and the necessity to relate it to eco-efficiency measures to empower the decision-making process of stakeholders. The study also provides a reference for European accounting regulators on the behavior of companies with regard to this issue.