财政与货币金融教研室学术讲座

报告题目：Climate-related communications and corporate environmental performance

报  告 人：张大永（西南财经大学经济与管理研究院 教授）

主  持 人：张一林（中山大学岭南学院 副教授）

时      间：2024年12月17日（周一）10:00

地      址：岭南堂汪道涵会议室（101）

语      言：中文

摘要：

This paper exploits the oral and communicative nature of earnings conference calls to investigate whether the talks on climate change influence corporate environmental performance. Using a sample of 6421 firms from 27 countries/regions, we find strong and robust evidence that climate–related communications positively associated with environmentally beneficial investment and also lead to better environmental profiles of the studied firms. The results remain valid with a series of robustness checks. Further analyses on the implementation of mandatory disclosure regulation in the EU area show an unexpectedly crowding-out effect. In other words, firms disclose less information in the earning conference calls when disclosure mandate is introduced, which leads to relatively poorer environmental performance. Overall, this research documents that climate–related communications play a crucial and unique role in affecting corporate environmental behavior. It also indicates that regulators should be more careful to avoid unwanted policy effects when mandatory disclosure rules are introduced.

报告人简历：

      张大永，西南财经大学经济与管理研究院教授，博士生导师；中国科学院虚拟经济与数据科学研究中心客座研究员，碳中和与气候金融实验室联席主任。长期从事能源金融与气候金融、银行与公司金融等领域的研究；担任国家社科基金重大项目首席专家，承担国家自然科学基金面上项目等10余项课题；发表论文100余篇，其中ESI高被引论文20余篇； Elsevier中国高被引学者（2020-2023），Clarivate全球高被引学者（2021-2022）；连续进入美国斯坦福大学与爱思唯尔数据库发布的全球前2%顶尖科学家年度和终身科学影响力榜单；担任中国双法学会气候金融研究分会理事长，国际能源转型学会副理事长；Journal of Climate Finance创刊主编，担任International Review of Financial Analysis等多个国际学术期刊高级主编和副主编。

      欢迎师生参加！