Listed company rules governing information disclosure serve as an instrument to protect and manage investors … securities law in China, the corporate disclosure regime has mainly centred on periodic and continuous disclosures. However … revised Securities Law of the People’s Republic of China (2019 Revision) has introduced voluntary disclosure in addition to …

make potentially disparate disclosure decisions on multiple interdependent outcomes---future financial performance and ESG …In this study, we examine the equilibrium effects of ESG quality disclosure in both voluntary and mandatory regimes. A … quality. We find that mandating ESG quality disclosure results in over-investment in the sustainable technology. That is, the …

We examine the impact of mandatory ESG disclosure around the world on the cost of equity capital. Using a sample of … firms in 62 countries and a difference-in-difference setting, we document that, on average, the ESG disclosure mandate … increased disclosure and enhanced information comparability and thus firms with weaker information environments experience a …

We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low … underestimation of emissions from fossil energy firms (imperfect disclosure) provides them with too much funding. While improving … disclosure in isolation has limited effects, it proves most beneficial in connection with higher carbon taxes: Improving …