When market forces backfire: Mandatory ESG disclosure and corporate innovation
Mandatory ESG disclosure makes it possible to incorporate ESG information into stock prices, incentivizing firms to “do good”. This channel, however, may lead to suboptimal investments, according to disclosure theories. This study investigates the changes in firms’ investment in innovation activitie...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2024
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| Online Access: | https://ink.library.smu.edu.sg/etd_coll/596 https://ink.library.smu.edu.sg/context/etd_coll/article/1594/viewcontent/GPAC_AY2019__PhD_Andi_Zhang.pdf |
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| Institution: | Singapore Management University |
| Language: | English |