Do social and environmental disclosures impact information asymmetry?

Acheampong, A ORCID: https://orcid.org/0000-0002-9489-5751 and Elshandidy, T, 2024. Do social and environmental disclosures impact information asymmetry? Economics Letters, 234: 111487. ISSN 0165-1765

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Abstract

We examine the impact of social and environmental disclosures (SEDs) on information asymmetry. Employing data from 145 banks from 2005 to 2021 across 19 European (EU) countries. Our findings reveal that both SEDs reduce information asymmetry by increasing market liquidity. We further find that the observed impact of such disclosures is more pronounced for banks operating in countries that pay high attention to human development.

Item Type:	Journal article
Publication Title:	Economics Letters
Creators:	Acheampong, A. and Elshandidy, T.
Publisher:	Elsevier
Date:	January 2024
Volume:	234
ISSN:	0165-1765
Identifiers:	Number Type 10.1016/j.econlet.2023.111487 DOI S016517652300513X Publisher Item Identifier 1849079 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	19 Mar 2024 10:41
Last Modified:	19 Mar 2024 10:41
URI:	https://irep.ntu.ac.uk/id/eprint/51108

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