The effect of mandatory ESG disclosure on firms’ going-private decisions

• Main Author: HUANG, Ying-Chi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: ESG reporting; Mandatory disclosure; Proprietary costs; Goingprivate; Accounting
• Online Access: https://ink.library.smu.edu.sg/etd_coll/548; https://ink.library.smu.edu.sg/context/etd_coll/article/1546/viewcontent/GPAC_AY2019_PhD_Ying_chi_Huang.pdf
• Institution: Singapore Management University

This study examines whether mandatory ESG disclosure encourages publicly traded firms to go private due to an increase in proprietary costs. I find that firms affected by the European Union’s Non-Financial Reporting Directive 2014/95/EU are more likely to go private after the passage of the directiv...