ESG and Information Asymmetry in Health Care

Paolo Candio ()
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Paolo Candio: University of Trento

Chapter Chapter 6 in Sustainability and Corporate Performance in Health Care, 2024, pp 105-127 from Springer

Abstract: Abstract Improving sustainability disclosure and performance - and consequently ESG score - should, in theory, reduce information asymmetry between the company and stakeholders. Nonetheless, to date, whether this manifests in practice is unclear. Focusing on top-ranking health care companies listed in the Euro Stoxx 600, results indicate that different decisions regarding the framework for non-financial reporting, the communication of social responsibility initiatives, and the activities and structure of listed companies have a diverse impact on analysts’ capacity to evaluate and predict companies’ financial performance. This variation affects the level of information asymmetry between capital and stock markets, and information intermediaries.

Keywords: Information asymmetry; Forecast error; Financial analysts; ESG score (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-63985-2_6

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