题目：The Role of Information in Carbon Trading and Carbon Management
时间：2024年11月21日（周四）13:30-14:30
地点：浙江大学紫金港校区yl23411永利A423
主讲人：杜君博士，多伦多大学罗特曼商学院博士后
主讲人简介：
杜君，现任多伦多大学罗特曼商学院会计系博士后，北京大学光华yl23411永利金融学博士。研究兴趣涵盖ESG信息披露、碳市场、投资者行为、实证资产定价等，论文已被Management Science接收并于多场国际会议展示成果。
讲座摘要：
Using account-level transaction data of carbon allowances in the EU Emissions Trading System, I examine the role of information in firms' carbon trading and carbon management. Leveraging the EU's Non-Financial Reporting Directive that improved firms' internal information environments, I find that newly-disclosing firms significantly reduce average carbon costs through more informed trading behavior and improved internal carbon reallocation. Additionally, the effects are stronger for firms with lower carbon accounting quality and those not previously engaged with financial intermediaries.
