The Effects of Environmental, Social and Governance Disclosures and Performance on Firm Value: A Review of the Literature in Accounting and Finance
41 Pages Posted: 6 Nov 2017
Date Written: November 4, 2017
Abstract
This paper not only attempts to survey the burgeoning literature on environmental, social and governance disclosures and performance and their effects on firm value, but its focus also lies on highlighting stylised observations coming from the most recent work that has not yet become part of the ‘conventional wisdom’ in the field. In addition, it outlines some of the crucial knowledge gaps and interesting questions that have not, as of yet, been addressed and thus outlines a potential agenda for future research on socially responsible investing. Lastly, it introduces the papers published in this special issue of the British Accounting Review.
Keywords: Corporate Social Responsibility (Csr), Environmental Social And Governance (Esg) Disclosures, Firm Value, Stock Market Performance, Literature Review, Socially Responsible Investing (Sri), Ethical Investing
JEL Classification: G19, M14
Suggested Citation: Suggested Citation