Ho, Thang; Dang, Tung Lam; DO, DUC TRUNG - 2023
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 …