Environmental, social and governance transparency and firm value

• Published in: Business strategy and the environment Vol. 27; no. 7; pp. 987 - 1004
• Main Authors: Yu, Ellen Pei‐yi, Guo, Christine Qian, Luu, Bac Van
• Format: Journal Article
• Language: English
• Published: Chichester Wiley Periodicals Inc 01.11.2018
• Subjects: corporate governance; Cost analysis; Empirical analysis; Environmental governance; environmental policy; ESG disclosure; Financial performance; Governance; Liquidity; R&D; Research & development; stakeholder engagement; sustainable development; Symmetry; Transparency; Valuation

We investigate whether environmental, social and governance (ESG) transparency, the extent of ESG disclosure, has an impact on firm value. Reducing investors’ information symmetry and agency costs is the mechanism by which better ESG transparency potentially impacts firm value. Using Bloomberg ESG d...