GX & Decarbonization Research

Yureza Rian Wibowo, Etty Gurendrawati, Gatot Nazir Muhammad

This study examines the effect of ESG disclosure and risk management on firm value using balanced panel data from 272 ASEAN public companies (2020-2024). Panel data regression with FEM shows ESG disclosure positively and significantly affec…

C G Mishra, Dr. CA Amar Kumar Behera

This study examines the impact of ESG disclosure on financial performance and firm valuation of Indian listed companies, focusing on the mandatory BRSR framework. Using 3,690 firms from 2018-2024, it finds that mandated disclosure enhances …

Jinlong Li

This study examines whether ESG rating disagreement undermines firms' ESG performance under China's mandatory ESG disclosure. Using panel data of Chinese A-share firms from 2018-2023, it finds a robust negative association between ESG ratin…

Shanshan Yue, Xue Lei, Husni Samara +2

This study examines how board educational diversity influences ESG disclosure among Chinese A-share listed firms from 2014 to 2023. Using Bloomberg ESG scores, it finds that educationally diverse boards are positively associated with overal…

Azamatjon Tursuntoshev

This paper examines the impact of ESG disclosure on firm performance in the Middle East and Africa (MEA) region. It suggests that higher disclosure quality may improve firm performance, while also highlighting region-specific factors to con…

Mirza Fahim Ahmed, Khadiza Khatun Tumpa, Md. Amanullah +1

This study examines the effect of ESG disclosures (ESGD) on financial distress, with profitability (ROA) as a moderator, using panel data from 156 Bangladeshi pharmaceutical and chemical firms (2019-2024). Results show ESGD significantly re…

Tito IM. Rahman Hakim, Erfan Muhammad, Frida Fanani Rohma +3

This study examines the impact of ESG and integrated reporting (IR) on firm value, moderated by audit committee characteristics and auditor tenure, in ASEAN-5 carbon-intensive sectors (mining and property) from 2021-2023. Using panel data r…

P. P. Utomo, Eny Maryanti

This study examines the effect of ESG disclosure on firm value, with leverage as a mediating variable and financial reporting quality as a moderating variable. Using data from Indonesian firms, it empirically investigates whether ESG disclo…

Shukai Zhan

This study examines the impact of ESG-related disclosure events on the stock valuation of BYD, a leading Chinese NEV company, using an event study approach in R. It identifies events from CNINFO announcements and third-party ESG rating upda…

Wei Cai, Yanqi Sun, Cheng Xu +2

Using panel data from 4,065 Chinese A-share firms (2009-2021), this study finds that ESG rating disagreement significantly increases stock liquidity. Analyst attention and research reports mediate this effect, and the relationship is strong…

Delane D. Naidu

This study examines the effect of ESG disclosure on credit risk for South African firms. Using data from 2017-2023, it finds that higher disclosure lowers probability of default and improves credit model scores, but does not affect cost of …

Qirun Chen

This paper examines the impact of ESG ratings on IPO pricing efficiency in the US market. It finds that ESG disclosure can reduce underpricing by alleviating information asymmetry and boosting investor confidence, but greenwashing and ratin…

Shami, Anis

This paper analyzes the impact of non-financial reporting frameworks and double materiality (DM) on ESG ratings using annual reports of 366 European listed companies from 2020-2022. Findings show that adoption of reporting frameworks is ass…

null Simona Heseková

This paper argues that the credibility of ESG ratings is crucial for their use in financial markets and positively assesses the EU regulation 2024/3005 for enhancing transparency. It confirms that industry classification influences rating m…

Jiayin Sun

This paper empirically examines the effect of ESG performance on the cost of equity capital. It finds that ESG reduces cost of equity through lower risk premiums, reduced information asymmetry, and a larger investor base. The effect is mode…

Su-Young Choi, Heejeong Shin

This study empirically analyzes whether ESG ratings mitigate market underreaction to financial information in corporate valuation. Results show that underreaction is alleviated for firms disclosing ESG information, especially those with hig…

Yen-Yu Liu, Pin-Sheng Lee

This study uses Cox survival analysis on 2016-2024 data from Taiwanese listed firms to examine how sustainability disclosure and assurance affect ESG performance persistence (time to rating decline). Voluntary disclosure is associated with …

Jan Schneemeier, Adelina Barbalau

This paper models a strategic interaction where ESG ratings inform firms about investor preferences, strengthening incentives to manipulate ESG disclosures. Greater rating precision amplifies manipulation motives but reduces its price impac…

(著者不明)

This paper discusses how ESG investment facilitates institutional investors' contribution to the SDGs. By incorporating ESG criteria into investment decisions, capital flows can be directed toward sustainable projects, enhancing social impa…

(著者不明)

This paper discusses promoting ESG investment by leveraging university sports resources. It suggests that university sports facilities and programs can be targeted for ESG investment, enabling sustainable operations and fundraising. Through…