ISSN: IJSB: 2520-4750 (Online), 2521-3040 (Print) JSR : 2708-7085 (online)

Value Relevance of Climate Change Disclosure: An Empirical Study on The Oil & Gas Companies Listed on Toronto Stock Exchange (TSX)

 Author (s)

Amirus Salat

Abstract

This study looks at how important it is for oil and gas companies which are listed on the Toronto Stock Exchange (TSX) to disclose information on climate change. I create a disclosure index by doing a content analysis of 58 firms’ publicly accessible documents. As an independent variable, the Disclosure Index Score derived from the content analysis of 58 corporations is taken into consideration. As a stand-in for business value, the market to book assets ratio is employed.  The relationship between corporate value and the degree of climate change disclosure is investigated in this study. According to empirical data, investors weigh how much information has been disclosed on climate change when determining a company’s market value. Because it looks at the connection between climate change declarations and businesses’ value, this study adds to the body of knowledge in environmental accounting. Practically speaking, the results of this investigation will give the Canadian Securities Administrator (CSA) an understanding of how disclosures about climate change are made and give them a framework for drafting associated disclosure requirements. Additionally, it should motivate Canadian oil and gas corporations to reveal their GHG emission reduction plans and strategies.

Keywords: Climate Change Disclosures, GHG emissions, Disclosure Index, Oil and Gas, Firm value, Value Relevance.

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Title: Value Relevance of Climate Change Disclosure: An Empirical Study on The Oil & Gas Companies Listed on Toronto Stock Exchange (TSX)
Author: Amirus Salat
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.58970/IJSB.2157
Media: Online & Print
Volume: 26
Issue: 1
Issue publication (Year): 2023
Acceptance Date: 25/07/2023
Date of Publication: 01/08/2023
PDF URL: https://ijsab.com/wp-content/uploads/2157.pdf
Free download: Available
Page: 82-94
First Page: 82
Last Page: 94
Paper Type: Research paper
Current Status: Published

 

Cite This Article:

Amirus Salat (2023). Value Relevance of Climate Change Disclosure: An Empirical Study on The Oil & Gas Companies Listed on Toronto Stock Exchange (TSX). International Journal of Science and Business, 26(1), 82-94. doi: https://doi.org/10.58970/IJSB.2157

Retrieved from https://ijsab.com/wp-content/uploads/2157.pdf

 

About Author (s)

Amirus Salat, Professor, Department of Accounting & Information Systems, University of Dhaka, Dhaka 1000, Bangladesh.

 

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DOI: https://doi.org/10.58970/IJSB.2157

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