Disclosure or action: Evaluating ESG behavior towards financial performance

Sunbin Yoo and Shunsuke Managi

Finance Research Letters, 2022, vol. 44, issue C

Abstract: We investigate whether the information disclosure of Environmental, Social, Governance (ESG) criteria is more crucial than actions for the financial performance of firms by using two different ratings with more than 1,000,000 samples. Our result shows that disclosure is more important for profits while action is more critical in Tobin’s Q and IVA scores.

Keywords: Corporate social responsibility; Environmental; Social; Governance; Information disclosure (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:44:y:2022:i:c:s1544612321001896

DOI: 10.1016/j.frl.2021.102108

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