Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting

By Dan S. Dhaliwal, Albert H. C. Tsang, Yong George Yang. 2011

3,857 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1491db1aa61d04371647b06a253d02f1c109e3fa

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Strategy and Management

Citations in the corpus

The contents of assurance statements for sustainability reports and information asymmetry (2017, background): “Duflo et al. (2013) find that environmental reports are not always assured in a way that helps to overcome concerns regarding credibility. Prior studies regarding assurance for sustainability reports criticize the high heterogeneity among assurance services and question its quality (e.g. KampRoeland”
ESG practices and the cost of debt: Evidence from EU countries (2019, background): “Our study expects a signiﬁcant impact of ESG disclosure on the relationship between ESG performance and the cost of debt (Al-Tuwaijri et al., 2004; Clarkson et al., 2008; Dhaliwal, Li et al., 2011; Lyon & Maxwell, 2011; Gao et al., 2016).”
Societal Trust and Management Earnings Forecasts (2020, background): “For instance, Duarte et al. (2012) find that borrowers who appear more trustworthy have a higher probability of obtaining a loan and paying a lower interest rate than borrowers who appear less trustworthy.”
Green Bonds: Effectiveness and Implications for Public Policy (2019, background): “As a result, many companies do not disclose their exposure to climate change risks, despite the potential (long-term) financial benefits of mitigating climate-related costs and risks (Sharfman and Fernando 2008; Dhaliwal et al. 2011; Cheng, Ioannou, and Serafeim 2014). To compensate for the absence ”
Can board gender diversity promote corporate social performance (2017, neutral): “Previous CSR research has consistently shown that CSP is influenced by firm size (Dhaliwal et al., 2011; Borghesi et al., 2014).”