RT Journal Article
SR Electronic
T1 Climate Change, Corporate Valuation, and the Proposed Securities and Exchange Commission Disclosure Regulations
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 40
OP 45
DO 10.3905/jpm.2022.1.404
VO 48
IS 10
A1 Bradford Cornell
YR 2022
UL https://pm-research.com/content/48/10/40.abstract
AB A fundamental purpose of disclosure requirements is to help investors value companies more accurately. At the margin, the benefit of more accurate valuation should equal the cost of preparing the disclosure. The cost of meeting the new Securities and Exchange Commission (SEC) disclosure proposals related to sustainability will be significant, but the information provided will do little to help investors more accurately assess the impact of climate change on corporate value.