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 an hourly data set on retail investor individual security positions from Robinhood
Markets, we find no evidence that environmental, social, and governance (ESG) disclosures …

Climate‐related issues have become increasingly relevant, as reflected in current political
and academic discourse. This development is also reflected in investors' capital allocation …

Environmental, social, and governance (ESG) ratings are widely used in practice but lack
evidence of their underpinning. We find that firms sharing the same major shareholders with …

Purpose This paper aims to review and synthesize the corporate social responsibility (CSR)
disclosure literature in order to (1) develop a comprehensive definition of disclosure …

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 …

Growing societal attention to issues ranging from climate change to Black Lives Matter has
led corporate governance in a new direction as shareholders increasingly seek to have the …

We examine a comprehensive set of investigations by the SEC's Division of Enforcement
offices to provide evidence on the consequences of these office's busyness on the formal …

Passively managed funds have grown to become some of the largest shareholders in
publicly traded companies, but there is considerable debate about the effects of this growth …