Given the barriers to national and global climate change regulations, what are the real, disclosure and spillover effects of subnational regulations? Using the staggered adoption of U.S. state-level greenhouse gas (GHG) regulations as a natural experiment, I find significant reductions in corporate GHG emissions in adopting states. Affected firms report more representative GHG emissions information and reduce GHG-related 10-K risk disclosures. Furthermore, I document large spillover reductions in GHG emissions for treated firms’ affiliated operations in non-adopting states. These findings suggest possible alternate pathways to reduce GHG emissions and improve GHG disclosure if national or global policy coordination is not possible. / 2026-05-20T00:00:00Z
| Identifer | oai:union.ndltd.org:bu.edu/oai:open.bu.edu:2144/48785 |
| Date | 20 May 2024 |
| Creators | Korganbekova, Aliya |
| Contributors | Wysocki, Peter D. |
| Source Sets | Boston University |
| Language | en_US |
| Detected Language | English |
| Type | Thesis/Dissertation |
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