Florin P. Vasvari

TL;DR: In this article, the relationship between corporate environmental performance and environmental disclosure was investigated by testing economics-based theories of voluntary disclosure using a more rigorous research design, and they found a positive association between environmental performance with the extent of discretionary environmental disclosures.

TL;DR: In this paper, a content analysis index based on the Global Reporting Initiative sustainability reporting guidelines was developed to assess the extent of discretionary disclosures in environmental and social responsibility reports. But, the results showed that socio-political theories explain patterns in the data (legitimization) that cannot be explained by economics disclosure theories.

TL;DR: This article showed that firms with superior environmental performance have more resources and enjoy better financial performance subsequently, while firms with poor relative environmental performance face resource constraints and their financial performance deteriorates further.

TL;DR: In this article, the causal relations between firms' environmental performance and their financial resources and management capability were investigated. And the results showed that positive (negative) changes in firms' financial resources in the prior periods are followed by significant improvements (declines) in firm's relative environmental performance in the subsequent periods.

TL;DR: In this article, the authors investigate how both the ownership structure and explicit contractual structure of syndicated loan deals are shaped by the debt-contracting value (DCV) of borrowers' accounting information, and they find that when a borrower's accounting information possesses higher DCV, information asymmetry between the lead arranger and other syndicate participants is lower, allowing lead arrangers to hold a smaller proportion of new loan deals.