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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主要作者: ZHANG, Andi
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2024
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在線閱讀: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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機構: Singapore Management University
語言: English