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

See all articles by Chris Brooks

Chris Brooks

University of Reading - ICMA Centre

Ioannis Oikonomou

University of Reading - ICMA Centre

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

Brooks, Chris and Oikonomou, Ioannis, The Effects of Environmental, Social and Governance Disclosures and Performance on Firm Value: A Review of the Literature in Accounting and Finance (November 4, 2017). British Accounting Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3065345

Chris Brooks

University of Reading - ICMA Centre ( email )

Whiteknights Park
P.O. Box 242
Reading RG6 6BA
United Kingdom
+44 118 931 82 39 (Phone)
+44 118 931 47 41 (Fax)

Ioannis Oikonomou (Contact Author)

University of Reading - ICMA Centre ( email )

Whiteknights Park
P.O. Box 242
Reading RG6 6BA
United Kingdom

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