Crifo, Patricia; Forget, Vanina D.; Teyssier, Sabrina - In: Journal of Corporate Finance 30 (2015) C, pp. 168-194
This paper sheds light on the impact that environmental, social and governance (ESG) corporate practice disclosure has on equity financing. We present a unique framed field experiment in which professional private equity investors competed in closed auctions to acquire fictive firms. We hence...