We provide a synthesis of four decades of empirical research regarding the reaction of
shareholders to environmental events. This literature is at the crossroads of finance …

This paper studies whether and how mandatory nonfinancial disclosure affects firms' real
decisions. I exploit a disclosure regulation enacted in California, which mandates that firms …

We estimate the impact of a carbon tax on manufacturing plants using panel data from the
UK production census. Our identification strategy builds on the comparison of outcomes …

Digital information is the fuel of the new economy. But like the old economy's carbon fuel, it
also pollutes. Harmful “data emissions” are leaked into the digital ecosystem, disrupting …

Environmental policy research continues to advance toward a more Kuhnian “normal”
science where theory and empirical tools are brought to bear on real‐world policy systems …

Regulatory transparency—mandatory disclosure of information by private or public
institutions with a regulatory intent—has become an important frontier of government …

Voluntary environmental programs (VEPs) have been used as a policy tool in the United
States since the early 1990s and come in many forms. Early assessments of VEPs targeting …

This study assesses the effectiveness of two types information disclosure programs–state-
based mandatory carbon reporting programs and the voluntary Carbon Disclosure Project …

This paper investigates how information contained in the US Environmental Protection
Agency's Toxic Release Inventory (TRI) program, one of the largest environmental right-to …

This paper evaluates a recent innovation in regulating risk called management‐based
regulation. Traditionally, risk regulation has either specified a particular means of achieving …