ESG Information Disclosure and Financial Reporting Quality:A Perspective Based on Asymmetric Information
In the highly competitive capital market,financial fraud by listed companies has been a recurring issue.The development of ESG(Environmental,Social,and Governance)concepts has sparked a discussion on whether ESG information disclosure can improve the quality of financial reports and contribute to the healthy development of China's capital market.This study investigates the impact mechanism of ESG information disclosure on the quality of corporate financial reports,using A-share listed companies from 2012 to 2022 as samples.The results indicate that corporate ESG information disclosure can significantly improve the quality of financial reports.The impact mechanism is to strengthen internal control quality internally and enhance stock price synchronicity externally,thereby suppressing earnings management and improving financial reporting quality.This study contributes to understanding the economic consequences of ESG information disclosure and provides empirical evidence to support the advancement of high-quality development in enterprises.
ESG information disclosureinformation asymmetryfinancial report quality
NETL
NSTL
万方数据
