The effects of environmental, social and governance disclosures and performance on firm value: A review of the literature in accounting and finance

By Chris Brooks, Ioannis Oikonomou. 2017

689 citations recorded by the source corpus.

Subfields: Accounting, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ccd5d01deef0a2564d2df427ec6cad751658b2b8

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Citations in the corpus

The expansion of non-financial reporting: an exploratory study (2018, neutral): “For instance, Brooks and Oikonomou (2018) review the accounting and finance literature on the effects of environmental, social and governance (ESG) disclosures and performance on firm value. De Villiers et al. (2017) provide an overview of the literature on integrated reporting, a specific form of N”
Impact of Environmental, Social, and Governance Information on Economic Performance: Evidence of a Corporate ‘Sustainability Advantage’ from Europe (2019, background): “In this regard, the recent thorough review in [64] of the accounting and finance literature focused on the effects of environmental, social and governance disclosures and performance on firm value is remarkable.”
Tax avoidance, corporate governance, and corporate social responsibility: The case of the Egyptian capital market (2020, background): “This view is based on the agency cost theory. f It also suggests that managers will benefit from engaging in CSR activities (i.e., for building their reputation), while the cost of this engagement will be borne by the shareholders (Brooks & Oikonomou, 2018; Garcia et al., 2017; Li et al., 2018).”
ESG performance and market value: the moderating role of employee board representation (2019, background): “Moreover, in a more recent literature review, Brooks and Oikonomou (2018) suggest overall that high ESG performers are more likely to achieve better financial performance than low ESG performers. For better ESG performance, some authors recommend the adoption of stakeholder-oriented boards (Shaukat,”
CSR disclosure and firm performance: The mediating role of corporate reputation and moderating role of CEO integrity (2020, neutral): “…has done in relation to CSR practices, a possible positive link between CSR disclosure and FP has been thought to arise from firms' being proactive in giving the impression of doing good by publicising the CSR information which meets or exceeds stakeholder expectations (Brooks & Oikonomou 2018).”
Do Markets Punish or Reward Corporate Social Responsibility Decoupling? (2020, background): “Brooks and Oikonomou (2018) make these points clear in their review.”
ESG Importance for Long-Term Shareholder Value Creation: Literature vs. Practice (2021, background): “As summarized in an aggregated literature review by Brooks and Oikonomou in 2018 [10], the main reasons for ESG disclosure include the firm’s efforts for legitimacy and decreased regulatory burden, improved reputation, enhanced brand value, and employee motivation.”
Environmental, Social, Governance Activities and Firm Performance: Evidence from China (2021, background): “[18,25,56], this paper controlled the following variables in the model: firm size (Size), financial leverage (Lev), sales growth rate (Growth), market value to book ratio (Mb), whether audited by the big four (Big4), R&D investment (R&D), firm age (Age), and the largest shareholder’s shareholding pr”
Impact of disclosure and assurance quality of corporate sustainability reports on access to finance (2019, background): “If the information serves stakeholders' needs and offers useful bases for investment decisions, then it should have a relevant effect of a firm's market value (Brooks & Oikonomou, 2018; Li, Gong, Zhang, & Koh, 2018).”