Ownership structure and climate-related corporate reporting
研究了机构、政府和经理人所有权对自愿碳信息披露的影响，发现政府所有权促进透明度，而机构和管理者所有权则相反，且气候治理质量起正向调节作用。
We investigate the impacts of various types of corporate ownership structures (i.e.institutional, government, and managerial ownership) on climate-related corporate reporting as reflected in the levels of voluntary carbon disclosure.Using a sample of S&P 500 companies from 2015 to 2020 across both environmentally sensitive and non-environmentally sensitive industries, we find that diverse ownership structures have distinct impacts and preferences in corporate carbon disclosure.Specifically, government ownership is likely to promote transparency of carbon information.In contrast, the ownership held by institutional investors (total, short-term, and long-term), managers (i.e.CEOs, directors), and block-holders are negatively associated with the proactive greenhouse gas disclosure.We also find evidence that climate governance quality plays a positive moderating role in the relationship between two ownership types (i.e.long-term institutional investors and blockholder) and a firm's climate-related corporate reporting.Our findings offer some practical insights for managers, regulators, and policymakers to focus on the configuration of corporate ownership in the context of improving green practices.