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ESG performance and firm value : the moderating role of disclosure
Bibliografi
Author:
Fatemi, Ali
;
Glaum, Martin
;
Kaiser, Stefanie
Topik:
ESG
;
CSR
;
Disclosure
;
Firm value
Bahasa:
(EN )
Tahun Terbit:
2018
Jenis:
Article - diterbitkan di jurnal ilmiah internasional
Fulltext:
ESG performance and firm value.pdf
(679.34KB;
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)
Abstract
This study investigates the effect of environmental, social, and governance (ESG) activities and
their disclosure on firm value. We find that ESG strengths increase firm value and that
weaknesses decrease it. ESG disclosure, per se, decreases valuation. But more importantly, we
find that disclosure plays a crucial moderating role by mitigating the negative effect of
weaknesses and attenuating the positive effect of strengths
Kajian editorial
Article from : Global Finance Journal, Volume 38, November 2018
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