Components of Countries’ Regulative Dimensions and Voluntary Carbon Disclosures

The previous literature has demonstrated that countries’ regulative contexts positively influence voluntary corporate carbon disclosures. However, little research been conducted into the relationship between different components of dimension institutions and disclosure. Drawing on theoretical framework New Institutional Sociology (NIS), this study examines context (rules; monitoring mechanisms punishments; rewards) both firms’ propensity to disclose information quality Based a global sample 2176 companies participated in 2015 Carbon Disclosure Project (CDP) climate report, paper uses Heckman two-stage approach an attempt model decisions as whether information, well said results show voluntarily data. They also disclosures is affected by climate-related rules rewards, but it not influenced punishments related change. This first take step addressing pillar same regression setting.