This study examines whether ESG (environmental, social and governance) disclosure influences firm-specific crash risk …. Our main research hypothesis postulates that further information disclosure about ESG activities and risks mitigates crash … the period spanning 2007-2019. Overall, our findings confirm that ESG disclosure attenuates (future) firm-specific crash …

How does greater public disclosure of arbitrage activity and informed trading affect price efficiency? To answer this …, we exploit rule amendments in U.S. securities markets, which impose a higher frequency of public disclosure of short … positions. Higher public disclosure can hurt the production of information and deteriorate efficiency, or it can be beneficial …

level of environmental disclosure. An open question remains, however, on the extent to which firms fully commit to the … principle of widespread disclosure of their impact on the environment, as opposed to meeting minimum standards of disclosure. We … increases the propensity for widespread environmental disclosure. Moreover, larger companies and highly leveraged firms tend to …

We examine whether mandatory disclosure of greenhouse gas (GHG) emissions influences companies' GHG emission levels. We … identify the disclosure effect by exploiting a mandate requiring UK-incorporated listed companies to disclose information on …

, consistent with uneven disclosure regulation distorting capital allocation …

uneven disclosure regulation distorting capital allocation …