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...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| 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 |
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| Institution: | Singapore Management University |
| Language: | English |