Silva, Paulo Pereira da - In: Borsa Istanbul Review 22 (2022) 4, pp. 794-811
This study examines whether ESG (environmental, social and governance) disclosure influences firm-specific crash risk … risk by virtue of lower opacity and information asymmetry between managers and outside investors (e.g., by facilitating the … risk. The results are robust to different model specifications employed by previous research. The impact of ESG disclosure …