Market reactions to the first‐time issuance of corporate sustainability reports: Evidence that quality matters

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Sustainability Reporting and Firms’ Economic Performance: Evidence from Asia and Africa (2020, result): “In a later study, Guidry and Patten (2010) report similar results.”
CSR disclosure: the more things change…? (2015, unknown): “In contrast, a more recent investigation of the market effects of CSR reporting (Guidry and Patten, 2010) examines reactions at the time of press releases announcing the first-time issuance of stand-alone CSR reports (where firms with confounding information announcements were excluded), Guidry and ”
Corporate social responsibility disclosure and market value: Family versus nonfamily firms (2017, background): “Firms may use CSR reporting to enhance stakeholders' perceptions of the appropriateness of their firm's pro-social and environmental actions (Guidry & Patten, 2010), and selectively disclose positive CSR actions, resulting in misleading and biased reporting (Mahoney, Thorne, Cecil, & LaGore, 2013).”
Disclosure effects, carbon emissions and corporate value (2014, background): “…disclosure on the environment, Dhaliwal et al. (2011) confirm that companies with environmental disclosure are associated with a lower cost of equity capital, while Guidry and Patten (2010) observe a positive reaction by the stock market when high-quality sustainability reports are issued.”