TY - JOUR
T1 - Disclosure or action
T2 - Evaluating ESG behavior towards financial performance
AU - Yoo, Sunbin
AU - Managi, Shunsuke
N1 - Publisher Copyright:
© 2021 Elsevier Inc.
PY - 2021
Y1 - 2021
N2 - We investigate whether the information disclosure of Environmental, Social, Governance (ESG) criteria is more crucial than actions for the financial performance of firms by using two different ratings with more than 1,000,000 samples. Our result shows that disclosure is more important for profits while action is more critical in Tobin's Q and IVA scores.
AB - We investigate whether the information disclosure of Environmental, Social, Governance (ESG) criteria is more crucial than actions for the financial performance of firms by using two different ratings with more than 1,000,000 samples. Our result shows that disclosure is more important for profits while action is more critical in Tobin's Q and IVA scores.
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U2 - 10.1016/j.frl.2021.102108
DO - 10.1016/j.frl.2021.102108
M3 - Article
AN - SCOPUS:85106265831
JO - Finance Research Letters
JF - Finance Research Letters
SN - 1544-6123
M1 - 102108
ER -