European Pollutant Emission Register and market value of listed firms

New information on firms’ polluting emissions appears to have a significant impact on their market value. This is the result found in the article Analysis of the effectiveness of the first European Pollutant Emission Register (EPER) by Cañón-de-Francia et al published online 31 December 2007 on Ecological Economics (article in press). The study uses data of firms listed in the European Pollutant Emission Register. It confirms results from most previous studies, that find a significant impact on firms’ market value of environmental information disclosure. Most previous studies however, use data of firms listed in the US Toxic Release Inventory. Link to the abstract

Reference

Analysis of the effectiveness of the first European Pollutant Emission Register (EPER) , Ecological Economics, In Press, Corrected Proof, Available online 31 December 2007 by Joaquín Cañón-de-Francia, Concepción Garcés-Ayerbe and Marisa Ramírez-Alesón