We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Twitter carbon information and cost of equity: the moderating role of environmental performance.
- Authors
Albarrak, Mohammed S.; Cao, Ngan Duong; Salama, Aly; Aljughaiman, Abdullah A.
- Abstract
This study aims to examine the moderating role of a firm's environmental performance, measured by its environmental strength and concern ratings, on the influences of Twitter dissemination of carbon-related information (Carbon_Tweets) on a firm's cost of equity (COE). Our key focus is to provide an insight as to whether different levels of environmental strength and concern would influence the effect of Carbon_Tweets on the COE. Employing the sample of non-financial NASDAQ firms covering the period between 2009 and 2015, we found that the negative association of Carbon_Tweets and COE is strengthened for firms that have higher levels of environmental concerns, meanwhile the results stay the same for different level of environmental strength. These findings imply that although all firms can achieve lower COE by employing Twitter as a dissemination channel of Carbon information, firms with a concerning environmental status may benefit more by strategically disseminating via Twitter.
- Subjects
NASDAQ Stock Market; CAPITAL costs; CARBON; INFORMATION dissemination; STOCK market index options
- Publication
Eurasian Business Review, 2023, Vol 13, Issue 3, p693
- ISSN
1309-4297
- Publication type
Article
- DOI
10.1007/s40821-022-00225-0