Journal ArticleDOI
Corporate environmental disclosure, financial markets and the media: An international perspective
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In this article, the information dynamics between corporate environmental disclosure, financial markets and public pressures are analyzed, and it is shown that enhanced environmental disclosure translates into more precise earnings forecasts by analysts.About:
This article is published in Ecological Economics.The article was published on 2008-01-15. It has received 332 citations till now. The article focuses on the topics: Earnings & Financial market.read more
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Voluntary environmental disclosure quality and firm value: Further evidence
TL;DR: In this paper, the authors examined the relationship between the quality of a firm's voluntary environmental disclosure and its expected future cash flows and the cost of equity, and found that the type and nature of the environmental disclosure is informative in establishing the predicted relations.
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Determinant factors of corporate environmental information disclosure: an empirical study of Chinese listed companies
TL;DR: Wang et al. as discussed by the authors identified the determinant factors affecting the disclosure level of corporate environmental information on the basis of stakeholder theory, and gave an empirical observation on Chinese listed companies.
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CSR reporting practices and the quality of disclosure: An empirical analysis
TL;DR: In this paper, the authors investigate the use of three reporting practices: stand-alone reports, assurance, and reporting guidance in relation to disclosure proxies that capture the quality of disclosure along three complementary dimensions: the content of the information disclosed, the type of information used to describe and discuss CSR issues, and the managerial orientation.
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Environmental and Social Disclosures: Link with Corporate Financial Performance
TL;DR: In this article, the authors examined the link between a firm's environmental and social disclosures and its profitability and market value, and found that firms that make higher social disclosures have higher market values and that this link is driven by higher expected growth rates in the cash flows of such companies.
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ESG performance and firm value: The moderating role of disclosure
TL;DR: This paper investigated the effect of environmental, social, and governance (ESG) activities and their disclosure on firm value, and found that ESG strengths increase firm value and weaknesses decrease it, while disclosure plays a crucial moderating role by mitigating the negative effect of weaknesses and attenuating the positive effect of strengths.
References
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Journal ArticleDOI
Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature
TL;DR: Corporate disclosure is critical for the functioning of an efficient capital market as mentioned in this paper, and firms provide disclosure through regulated financial reports, including the financial statements, footnotes, management discussion and analysis, and other regulatory filings.
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Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature $
Paul M. Healy,Krishna G. Palepu +1 more
TL;DR: In this article, the authors provide a framework for analyzing managers' reporting and disclosure decisions in a capital markets setting, and identify key research questions and key researchquestions, concluding that current research has generated a number of useful insights.
Journal Article
Disclosure level and the cost of equity capital
TL;DR: In this paper, the authors examined the relationship between disclosure level and the cost of equity capital by regressing firm-specific estimates of cost of capital on market beta, firm size and a self-constructed measure of disclosure level.
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Corporate social and environmental reporting
Rob Gray,Reza Kouhy,Simon Lavers +2 more
TL;DR: In this paper, a review of the corporate social reporting literature, its major theoretical preoccupations and empirical conclusions, attempts to re-examine the theoretical tensions that exist between “classical” political economy interpretations of social disclosure and those from more “bourgeois” perspectives.