The impact of environmental, social, and governance disclosure on firm value: The role of CEO power
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Li, Yiwei; Gong, Mengfeng; Zhang, Xiu-Ye; Koh, Lenny
Description
Using a large cross-sectional dataset comprising of FTSE 350 listed firms, this study investigates whether superior environmental, social and corporate governance (ESG) disclosure affects firm value. We find a positive association between ESG disclosure level and firm value, suggesting that improved transparency and accountability and enhanced stakeholder trust play a role in boosting firm value. We also report that higher CEO power enhances the ESG disclosure effect on firm value, indicating...[Show more]
Collections | ANU Research Publications |
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Date published: | 2017 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/139412 |
Source: | The British Accounting Review |
DOI: | 10.1016/j.bar.2017.09.007 |
Access Rights: | Open Access |
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1-s2.0-S0890838917300574-main.pdf | 424.62 kB | Adobe PDF |
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