|
|
 |
| |
|
|
|
Statistical Analysis to Measure the Relation between Carbon Emission Disclosure and Firm Value in Saudi Listed Firms |
|
|
|
PP: 505-518 |
|
|
doi:10.18576/jsap/150310
|
|
|
|
Author(s) |
|
|
|
Moustafa Zaki Metwalli,
|
|
|
|
Abstract |
|
|
| This study examines whether carbon emissions disclosure is associated with firm value in Saudi listed nonfinancial
firms. Using a panel of 120 firms over 2023–2025, we construct an unweight carbon disclosure index from content analysis of annual reports, sustainability reports, and standalone ESG disclosures. Firm value is measured using Tobin’s Q and market value, and the association is tested using panel regressions with controls for firm size, leverage, sales growth, firm age, profitability, and board size. Estimation and robustness checks are implemented in Stata 17. The results indicate that higher carbon disclosure is linked to higher market valuation in the Saudi market during the sample period. By providing recent evidence from Saudi Arabia, the study extends carbon-disclosure valuation research to a setting where sustainability reporting guidance has strengthened, and it offers implications for firms and market institutions seeking to improve the clarity and comparability of carbon disclosures. |
|
|
|
|
|
|
|
