This paper investigates the impact of ESG disclosure on corporate risk-taking and how this impact is further affected by CEO power and incentives within US companies. We find that ESG disclosure decreases corporate risk-taking based on both accounting-based and market-based returns. Further, we...

We examine the effect of mandatory environmental, social and governance (ESG) disclosure on firms’ price discovery efficiency around the world. Using data from 40 countries between 2000 and 2019 and a difference-in-difference method, we find that ESG mandatory disclosure increases firm-level...

This research examines the impacts of Credit Rating Agencies (CRAs) on bank performance in general, and in particular how their impacts can be moderated by bank regulation strictness and investor protection quality embedded in different institutional environments. Using 2398 observations from...