Abstract
The purpose of this paper is to examine whether voluntary demand for sustainability reporting assurance by French companies is associated with lower information asymmetry. The use of the generalised least squares method (GLS) for a sample of 768 firm-year observations of French companies belonging to the SBF 250 and CAC All-Tradable indices during the period 2010-2012, highlights how voluntary sustainability assurance demand reduces the problems of asymmetric information between the different market agents. To our knowledge, this study is the first that has examined the impact of sustainability assurance on the information asymmetry in code-law countries, with low investor protection rights, such as France. Moreover, this research examines the effect of sustainability reporting assurance on information asymmetry measured by bid-ask spread. In addition, this study makes a link between two important areas of sustainability assurance and finance.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Monetary Economics and Finance
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
