We develop and test accounting-based valuation models for commercial banks. We extend Begley <italic>et al.</italic>'s framework (2006) and propose a valuation model where goodwill is generated by virtually all commercial and investment banking activities. Key features of our model are: the development of a...

We examine whether investors’ commitment to socially responsible investment principles influences the public disclosure of environmental, social, and governance (ESG) issues of their investee firms. We find that following institutional investors’ public commitment to the United Nations...