Unlisted Firms’ ESG Disclosure
Prof. Jiancheng (Duncan) LIU
Assistant Professor in Accounting
FBA, UM
Date: 10 March 2025 (Monday)
Time: 13:00 to 14:00
Venue: FBA Lobby
Abstract
Despite the majority role of unlisted private firms in the economy worldwide, their disclosure decisions have been understudied. This paper focuses on an important element of private firms’ non-financial disclosure, their ESG disclosure. Exploiting a source of unstructured data and natural language processing (NLP) techniques, we build a comprehensive database for private firm ESG disclosure. Using this novel data, we continue to examine its trends and related economic forces. The contribution of this paper is two-fold. First, it fills the gap in the literature regarding ESG disclosure by private firms. Second, it uncovers the capital market implications of these disclosures.
Speaker
Dr. Duncan Liu is an Assistant Professor in Accounting at the Faculty of Business Administration, University of Macau. His research interest centers around unlisted private firms, focusing on their financial disclosure, ESG and voluntary audit. Dr. Liu’s work has been published in top accounting journals, such as Journal of Accounting Research. His research has also been accepted by leading international conferences hosted by American Accounting Association (AAA), Canadian Academic Accounting Association (CAAA), and European Accounting Association (EAA), among others.
All are welcome!
