We investigate real effects of a widespread corporate social responsibility (CSR) reporting mandate. In 2014, the European Union (EU) passed Directive 2014/95 (hereafter, “CSR Directive”), mandating large listed EU firms to prepare annual nonfinancial reports beginning from fiscal year 2017...

We examine the effects of CSR information on stakeholder decision-making, specifically on supply-chain contracting decisions. To obtain plausibly exogenous variation in CSR information, we exploit the 2017 CSR rating coverage expansion from Russell 1000 to Russell 2000 firms (hereafter,...

We investigate real effects of a widespread corporate social responsibility (CSR) reporting mandate. In 2014, the European Union (EU) passed Directive 2014/95 (hereafter, “CSR Directive”), mandating large listed EU firms to prepare annual nonfinancial reports beginning from fiscal year 2017...