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The value relevance of nonfinancial disclosure: Evidence from foreign equity investment
, Yogesh Chauhan
Published in Elsevier BV
2019
Volume: 52-53
   
Abstract
We investigate the effect of Environmental, Social, Governance (ESG)-related disclosure on foreign investments for Indian firms where financial reporting does not provide adequate and reliable information. We show a preference of foreign investors for firms disclosing ESG-related information. Our results suggest that ESG-related disclosure is particularly useful for firms facing information problems. Finally, we report that the effect of ESG-related disclosure is lesser on domestic investors.
About the journal
JournalData powered by TypesetJournal of Multinational Financial Management
PublisherData powered by TypesetElsevier BV
ISSN1042-444X
Open AccessNo