This paper extends the literature on the determinants of environment, social and governance (ESG) dimensions of sustainability investment by examining whether low growth firms with the agency problems of high free cash flows (FCF) (Jensen, 1986) have more incentives to invest in ESG...

We show that stock prices of firms with gender-diverse boards reflect more firm-specific information after controlling for corporate governance, earnings quality, institutional ownership and acquisition activity. Further, we show that the relationship is stronger for firms with weak corporate...

This paper examines the effect of sustainability performance disclosures on corporate cost of capital. We find that both cost of debt and cost of equity are lower for firms that disclose sustainability performance information, when compared to firms that do not disclosure similar information. We...

Barth et al. (2017) (BCCV) show that firms with higher levels of compliance with Integrated Reporting (<IR>) principles are associated with higher levels of firm value. However, according to disclosure processing costs theory, the positive association may not hold for high levels of <IR> disclosures. We...</ir></ir>