The impact of environmental, social, and governance disclosure on firm value: The role of CEO power
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|
|Source:||The British Accounting Review|
|Access Rights:||Open Access|
|1-s2.0-S0890838917300574-main.pdf||424.62 kB||Adobe PDF|
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