Purpose The first purpose of this paper is to investigate whether corporate governance
mechanisms, in particular the characteristics of the board, audit committee and risk …

We construct novel measures of financial constraints using textual analysis of firms' annual
reports and investigate their impact on stock returns. Our three measures capture access to …

Based on a sample of China's Shanghai and Shenzhen A-share public firms during 2010–
2016, we examine the role of a firm's life cycle stage on the relationship between corporate …

The study examines the interplay among corporate carbon risk, voluntary disclosure, and
cost of capital within the context of South Africa, a “rising power” in the climate policy debate …

Purpose Although proponents of integrated reporting (IR) advocate that this emerging
practice has the potential to transform corporate reporting, the eventuation of this …

Purpose Higher degree of and commitment to voluntary disclosure (VD) and corporate
governance (CG) helps contain information asymmetry, leading to lower cost of equity (Ke) …

Purpose The purpose of this paper is to analyze the literature related to integrated reporting
(IR) to develop insight into how IR research is developing and highlight the gaps in the …

We study the welfare effect of ESG disclosure in a market with information asymmetry and
imperfect competition. We develop a rational expectations equilibrium in which small and …

With the exponential development of an ecological and sustainable economy and society,
the concept and practice of environmental, social, and governance (ESG) investments are …

One of the crucial challenges in energy management is the conversion to sustainable
operations. The present work is an attempt to verify whether financial institutions are able to …