科学研究
报告题目：SEC oversight on climate-risk disclosure
报告人：苏黎新
报告时间：2024年9月19日（周四）10:00-11:30
报告地点：劝学楼245
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
This study investigates the consequences of SEC comment letters about climate change disclosure between 2021 to 2022. Using the bigrams developed by Sautner et al. (2023a), we find that firms enhance their disclosure of climate risks in subsequent annual reports. The effect is more pronounced for firms with higher levels of climate change exposure, or there is greater negative market reaction upon the comment letters dissemination to public. We also document reductions in divergence between annual reports and CSR reports, and environmental rating disagreement among various CSR raters. To comply with the disclosure requirements specified in the comment letters, firms demonstrate a proactive response by hiring more CSR talents. Our study provides empirical evidence that SEC and some firms have disagreement about the materiality of climate change related disclosures and how regulatory interventions by comment letters mitigate such divergence.
【报告人简介】
苏黎新，香港理工大学会计与金融学院院长、教授。苏教授研究兴趣广泛，涵盖信息披露、财务报告和审计等话题，在会计、供应链和社会网络等领域建树颇丰。苏教授研究成果丰硕，研究成果发表在Journal of Accounting and Economics、The Accounting Review、Management Science、Journal of Business Ethics等。担任Journal of Contemporary Accounting and Economics总编辑、China Accounting and Finance Review执行编辑、Accounting Horizons特刊编辑。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
