Analyzing the intricate financial dimensions of multi-segment conglomerates necessitates a more nuanced approach than that required for single-segment firms. We find that conglomerates compensate for their business complexity by strategically disclosing more information voluntarily. This finding...

Disclosure of climate-related financial risks greatly helps investors assess companies' preparedness for climate change. Voluntary disclosures such as those based on the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) are being hailed as an effective measure...