Third sophisticated meta analyses will help consumer neuroscientists to synthesize the growing body of knowledge providing evidence for consistency and specificity of brain activations and their reliability as measurements of consumer behavior. Publisher s link ezp prod .hul.harvard login url dx.doi . s nosfx y WORKING PAPERS The Consequences of Mandatory Corporate Sustainability Reporting Evidence from.
Four Countries pdf By Ioannou Ioannis and George Serafeim ABSTRACT—We examine the effect of mandatory sustainability reporting on corporate disclosure practices. Specifically we examine regulations mandating the disclosure of environmental social and governance information in China Denmark Malaysia and South Africa using differences in differences Chinese Overseas America Number Data estimation with propensity score matched samples. We find significant heterogeneity in corporate disclosure responses across those four countries. Relative to propensity score matched control firms treated firms in China and South Africa increased disclosure significantly. We also find increased propensity to receive assurance to increase disclosure credibility in the case of South Africa and increased propensity to adopt reporting guidelines to increase disclosure comparability in both China and South Africa.
In contrast treated firms in Denmark and Malaysia did not increase disclosure. and social factors in their supply chain management and by signing on the United Nations Global Compact while Malaysian firms adopted reporting guidelines. We do not find any evidence that the disclosure regulations adversely affected shareholders. Instrumental variables regressions suggest that increases in disclosure driven by the regulation are associated with increases in firm value. Our results highlight the role of local context and institutional differences in how firms in different countries respond to reporting regulations.
發表於 2024-3-12 17:36:14
