In this study, we examine the equilibrium effects of ESG quality disclosure in both voluntary
and mandatory regimes. A firm manager makes a private investment decision in an …

We provide a theoretical framework for reporting of firms' environmental, social, and
governance (ESG) activities to investors. In our model, investors receive an ESG report and …

This paper examines the impact of Environmental, Social, and Governance (ESG) disclosure
on firm investment. We identify conditions under which ESG disclosure is needed to channel …

We investigate how mutual funds with environmental, social, and governance (ESG)
objectives vote on shareholder proposals related to executive compensation. Using a …

This paper studies whether ESG funds trade off the long-term sustainability of portfolio firms
for greater short-term financial performance. ESG funds reveal their preference for superior …

We study investors' demand for climate-related corporate information and its stock market
implications. Using China's interactive investor platforms, where investors can directly …

I study whether ESG mutual funds affect environmental policies at their portfolio companies. I
use a change in the methodology of the MSCI ESG Leaders Index as a source of quasi …

Firms and jurisdictions worldwide are adopting ESG reporting in various forms. To better
understand potential implications of ESG reporting, we develop a model in which a firm …

This thesis comprises three studies that relate to the improvement of a company's
environmental, social, and governance (ESG) practices via corporate restructuring: Mergers …

This paper examines the impact of Environmental, Social, and Governance (ESG) disclosure
on firm investment. I identify conditions under which ESG disclosure is needed to channel …