September 10, 2025Indonesian Journal of Sustainability Accounting and ManagementOpen Access

Mandatory Reporting of Business Responsibility and Sustainability and Stock Market Response: Evidence from an Emerging Economy

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Authors

RDRajesh Desai TBTeguh Budiman

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Overview

Event study reveals strong market response to business responsibility and sustainability reporting in India, suggesting key implications for investor perception.

Key Points

Stock market participants positively reacted to the business responsibility and sustainability reporting announcement, indicating a favorable perception.
The event study technique identified significant cumulative average abnormal returns surrounding the BRSR event, suggesting robust market behavior.
Industry-level analyses revealed that carbon sensitivity also influences the market response to BRSR, highlighting varying investor reactions across sectors.
Findings bolster the argument for enhanced non-financial disclosures, aiming to reduce information asymmetry and increase firm value.

Cite This Study

Desai et al. (2024) studied this question.

synapsesocial.com/papers/68c2443bb210217d647ab094 https://doi.org/10.28992/ijsam.v8i1.784

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September 10, 2025Indonesian Journal of Sustainability Accounting and ManagementOpen Access

Mandatory Reporting of Business Responsibility and Sustainability and Stock Market Response: Evidence from an Emerging Economy

View Full Paper

Ask AI

Bookmark

Authors

RDRajesh Desai TBTeguh Budiman

Discussion

Member takes

Overview

Event study reveals strong market response to business responsibility and sustainability reporting in India, suggesting key implications for investor perception.

Key Points

Stock market participants positively reacted to the business responsibility and sustainability reporting announcement, indicating a favorable perception.
The event study technique identified significant cumulative average abnormal returns surrounding the BRSR event, suggesting robust market behavior.
Industry-level analyses revealed that carbon sensitivity also influences the market response to BRSR, highlighting varying investor reactions across sectors.
Findings bolster the argument for enhanced non-financial disclosures, aiming to reduce information asymmetry and increase firm value.

Cite This Study

Desai et al. (2024) studied this question.

synapsesocial.com/papers/68c2443bb210217d647ab094 https://doi.org/10.28992/ijsam.v8i1.784

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