Koo, Jeong-Ho; Kim, Sang-Il - In: Global business and finance review 28 (2023) 2, pp. 53-68
Purpose: Using the Ohlson model of value relevance (1995), we examine the incremental effects of the environmental, social, and governance (ESG) rating on accounting information regarding R&D expenditure. Design/methodology/approach: Samples are 3,449 firm-years of Korean manufacturing firms...