ESG news, future cash flows, and firm value

ESG news, future cash flows, and firm value

We investigate the expected consequences of negative ESG news on firms’ future profits. After learning about negative ESG news, analysts significantly downgrade their forecasts at short and longer horizons. Negative ESG news affect forecasts more strongly at longer horizons than other types of negat...

Full description

Saved in:
Bibliographic Details
Main Authors: DERRIN, Francois, KRUEGER, Philipp, LANDIER, Augustin, YAO, Tianhao
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
ESG
Sustainability
Expectations
Analyst forecasts
Valuation
Discount rate
Cost of capital
Cash flows
Business Law, Public Responsibility, and Ethics
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7488
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8487/viewcontent/SSRN_id3903274.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7488
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8487/viewcontent/SSRN_id3903274.pdf

Similar Items