【报告主题】The access to green justice and the firms’ carbon emissions: evidence from the establishment of environmental courts and tribunals
【主讲嘉宾】钟宇翔，华中科技大学管理学院会计系讲师
【报告时间】2024年4月2日 14:00
【报告地点】会计学院108室
【内容提要】
Global warming has been a growing global concern that forces regulators to find ways to promote green justice and imposes significant environmental litigation cost on firms and in turn, reduce environmental damage. We examine whether the staggered establishment of environmental courts and tribunals (ECTs) in different countries effectively motivate firms to reduce greenhouse gas (GHG) emissions. We find firms exhibit significant reduction in GHG after their countries establish ECTs. Cross-sectional tests reveal that firms reduce their GHG emission by a larger margin when a few country-level and firm-level characteristics predict that the establishment of ECTs represents a stronger shock to the enforcement quality. Overall, our paper suggests that the establishment of ECTs can facilitate public access to green justice, and motive firms to reduce their GHG emission.