Abstract Voluntary nonfinancial Environmental, Social, and Governance (ESG) disclosure is
a rapidly growing and increasingly important topic that has attracted great attention from …

This study collates potential economic effects of mandated disclosure and reporting
standards for corporate social responsibility (CSR) and sustainability topics. We first outline …

Using a wide sample of international publicly traded firms, this paper studies the rapidly
increasing practice of incorporating Environmental, Social, and Governance (ESG) metrics …

Exploiting the unique features of the CDP, the world-leading platform of corporate climate
risk disclosures, we study the relationship between institutional investors' demand for …

We propose a theory in which each stock's environmental, social, and governance (ESG)
score plays two roles:(1) providing information about firm fundamentals and (2) affecting …

We model investing that considers environmental, social, and governance (ESG) criteria. In
equilibrium, green assets have low expected returns because investors enjoy holding them …

In this study, we investigate whether investors are willing to trade off wealth for societal
benefits. We take advantage of unique institutional features of the municipal securities …

We examine the impact of a disclosure mandate for greenhouse gas emissions on firms'
subsequent emission levels and financial operating performance. For UK-incorporated listed …

How does ESG (environmental, social, and governance) performance affect stock returns?
Answering this question is difficult because existing measures of ESG perfor-mance—ESG …

The United Nations Principles for Responsible Investment (PRI) is the largest global
environmental, social, and governance (ESG) initiative in the asset-management industry to …