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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Bibliographic Details
Main Author: ZHANG, Andi
Format: text
Language:English
Published: 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

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