Corporate governance mechanisms can provide a context for voluntary disclosure which results in enhanced information symmetry in the capital market, investor confidence, stock liquidity and profitability of companies. This is essential for economic development of the country. For this reason,...

Given that scope 3 emissions at an industrial supply chain level accounts for more than 75% of the firm’s total greenhouse gas emissions and are steadily increasing, it is crucial to address this issue to realize net-zero carbon targets. Furthermore, the recent phase-in of scope 3 emissions in...

We examine whether ESG funds’ investment decisions are sensitive to firms’ environmental disclosures, beyond summary ESG ratings. We create our measures of environmental disclosure using bigrams extracted from the Global Reporting Initiative (GRI) standards trained against authoritative...

Environmental protection and sustainable development is one of the widely discussed corporate issues in today’s world economy. However, the number of compulsory environmental disclosures laws is very limited. Therefore, companies choose to provide disclosures on environmental issues...

Using a credit registry of European banks’ new loan issuance and content analysis on their environmental disclosures, we show that banks that portray themselves as environmentally conscious extend a higher volume of credit to borrowers in brown industries. These results are robust even after...