Ethan Rouen, Kunal Sachdeva, Aaron Yoon
Working paper, 2026
ESG reports contain financially material information unique from 10-K filings. This material information is associated with decreased downside firm risks, suggesting ESG reporting serves a meaningful informational role beyond signaling.
Awards: Best Paper Award, Fox and Haskayne Conference, 2024
Paper
Cite
@techreport{rouen2026sustainability,
title={Sustainability Meets Substance: Evaluating {ESG} Reports in the Context of {10-K}s and Firm Performance},
author={Rouen, Ethan and Sachdeva, Kunal and Yoon, Aaron},
year={2026},
type={SSRN Working Paper},
institution={Social Science Research Network},
number={4227934},
doi={10.2139/ssrn.4227934}
}