Theoretical framework of the study (IMAGE)

Kyushu University

Theoretical framework of the study

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Researchers at Kyushu University conducted a detailed theoretical analysis to explain how ESG disclosure and performance influence a firm’s intrinsic value and market efficiency through different mechanisms. While signaling theory suggests that disclosure reduces information asymmetry for investors, stakeholder theory and others highlight how strong ESG performance can enhance a firm’s reputation.

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Kyushu University

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