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Energy conservation is a crucial aspect of responsible consumption which is the reflection of individual efforts for sustainability. However, especially young consumers are reluctant to reduce their energy consumption despite their pro‐environmental attitudes. Resistance to behavioural change can be attributed to various psychological barriers that help consumer to avoid engaging in pro‐environmental actions. In this context, the first aim of the study is to extend the theoretical and empirical evidence regarding impeding effects of psychological barriers on individual energy conservation behaviour. Secondly, the study investigates the alleviating role of environmental knowledge on those barriers that limit energy conservation. Proposed impeding effects of objective and subjective environmental knowledge on various denial mechanisms, which are in turn expected to hinder energy conservation, were tested using the survey data collected from young Turkish consumers. Results suggest that denial mechanisms hinder young consumers’ energy conservation behaviour indirectly through diminishing feelings of moral obligations. Moreover, it was found that objective environmental knowledge's effect can be used to break down the psychological barriers and to facilitate the change towards more sustainable energy consumption patterns. Implications of the findings and directions for future research are discussed.

ABSTRACT

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This study investigates the impact of corporate governance and foreign ownership on the flow of firm-specific information to stock prices in Turkey. This study contributes to the existing literature by examining the relation between governance, ownership and stock price synchronicity that describes firm level information asymmetry and transparency in Turkey. We examine the effects of CEO duality, board independence, board size and foreign ownership on the amount of firm-specific information incorporated into share prices, as measured by stock price synchronicity, for listed firms in Borsa Istanbul 100 Index over 2009-2014 period. We support the view that the R square value in one of the emerging stock markets, Turkey is relatively high. We find that firms with better corporate governance, more independent directors in the board and higher foreign ownership have more firm-specific information incorporated into stock prices and less stock price synchronicity.