Purpose Environmental, social and governance (ESG) factors have become increasingly
important in investment decisions, leading to a surge in ESG investing and the rise of …

Interest in sustainability information, from investors, managers, researchers, and others, has
been expanding rapidly. We discuss recent advances and open questions related to …

Purpose In this study, we examine the influence of a firm's environmental, social, and
governance (ESG) performance on analysts' stock recommendations and earnings forecast …

ABSTRACT Research Question/Issue This paper examines whether the coverage of
nonfinancial rating (NFR) agencies affects corporate dividend policy. Research …

The wide applications of machine learning techniques to big data allow researchers to dig
deep into novel large‐scale data sets, such as job postings, earnings calls, and news …

We use innovations in machine learning and natural language processing (NLP) to develop
a comparable measure of firms' climate reporting narratives. Specifically, we combine large …

We use a large language model to identify Environmental, Social, and Governance (ESG)
disclosures in private equity (PE) advisers' regulatory filings and examine the association …

Visual cues are increasingly used in financial disclosures to improve information
dissemination. While prior research has primarily focused on the informational value of …

We investigate whether foreign institutional investors respond to the sustainability
disclosures mandated by the EU's Non-financial Reporting Directive, and whether …

Regulators around the globe are implementing disclosure regulation to improve
transparency on ESG (environmental, social, and governance) issues. At the same time …