Can Carbon Footprint Disclosures Influence the Stock Price of Enterprises in China?
Luo Ji, Wang Ying

Abstract
Data of three Chinese areas from 2006 to 2011 were taken to investigate the influence of Company’s carbon footprint disclosures on the capital market and the production market. Abnormal returns (AR) of the capital market changed from negative to less positive after year 2010. However, carbon footprint disclosure had less significant but still positive influence on the sales growth rate in the production market. Accordingly, the carbon footprint disclosure is necessary for enterprises.

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