{"id":"https://openalex.org/W4386504148","doi":"https://doi.org/10.1016/j.igd.2023.100098","title":"Analyst monitoring and information asymmetry reduction: U.S. evidence on environmental investment","display_name":"Analyst monitoring and information asymmetry reduction: U.S. evidence on environmental investment","publication_year":2023,"publication_date":"2023-09-07","ids":{"openalex":"https://openalex.org/W4386504148","doi":"https://doi.org/10.1016/j.igd.2023.100098"},"language":"en","primary_location":{"id":"doi:10.1016/j.igd.2023.100098","doi":"https://doi.org/10.1016/j.igd.2023.100098","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.igd.2023.100098","pdf_url":null,"source":{"id":"https://openalex.org/S4387283849","display_name":"Innovation and Green Development","issn_l":"2949-7531","issn":["2949-7531"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","jufo-1","oarl"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Innovation and Green Development","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1016/j.igd.2023.100098","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Lewis Liu","orcid":"https://orcid.org/0000-0002-4957-0771","observed_orcids":["https://orcid.org/0000-0002-4957-0771"]},"institutions":[{"id":"https://openalex.org/I165143802","display_name":"The University of Queensland","ror":"https://ror.org/00rqy9422","country_code":"AU","type":"education","lineage":["https://openalex.org/I165143802"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Lewis Liu","raw_affiliation_strings":["UQ Business School, The University of Queensland, Australia"],"raw_orcid":"https://orcid.org/0000-0002-4957-0771","affiliations":[{"raw_affiliation_string":"UQ Business School, The University of Queensland, Australia","institution_ids":["https://openalex.org/I165143802"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I165143802"],"apc_list":{"value":1900,"currency":"USD","value_usd":1900},"apc_paid":{"value":1900,"currency":"USD","value_usd":1900},"fwci":6.0235,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":{"value":0.95814647,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":"3","issue":"1","first_page":"100098","last_page":"100098"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9189000129699707,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9189000129699707,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.03099999949336052,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.018699999898672104,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/analyst-coverage","display_name":"analyst coverage","score":0.8730000257492065},{"id":"https://openalex.org/keywords/environmental-protection-investment","display_name":"environmental investment","score":0.6759999990463257},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.9800000190734863},{"id":"https://openalex.org/keywords/external-monitoring","display_name":"external monitoring","score":0.503000020980835},{"id":"https://openalex.org/keywords/sustainable-business-practices","display_name":"sustainable business practices","score":0.6859999895095825},{"id":"https://openalex.org/keywords/s-p-500-firms","display_name":"S&P 500 firms","score":0.8539999723434448}],"concepts":[{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.78586745262146},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.625211775302887},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.599287748336792},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5615339279174805},{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.4718513488769531},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.4702303111553192},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.41329675912857056},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.34383732080459595},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3366817533969879},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2859947085380554},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2760114073753357},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.igd.2023.100098","doi":"https://doi.org/10.1016/j.igd.2023.100098","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.igd.2023.100098","pdf_url":null,"source":{"id":"https://openalex.org/S4387283849","display_name":"Innovation and Green Development","issn_l":"2949-7531","issn":["2949-7531"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","jufo-1","oarl"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Innovation and Green Development","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:ingrde:v:3:y:2024:i:1:s2949753123000668","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S2949753123000668","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:9c8ec91433e244f39cff769bd06be64c","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/9c8ec91433e244f39cff769bd06be64c","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Innovation and Green Development, Vol 3, Iss 1, Pp 100098- (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.igd.2023.100098","doi":"https://doi.org/10.1016/j.igd.2023.100098","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.igd.2023.100098","pdf_url":null,"source":{"id":"https://openalex.org/S4387283849","display_name":"Innovation and Green Development","issn_l":"2949-7531","issn":["2949-7531"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","jufo-1","oarl"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Innovation and Green Development","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Climate action","id":"https://metadata.un.org/sdg/13","score":0.4399999976158142}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":58,"referenced_works":["https://openalex.org/W95759743","https://openalex.org/W1708291812","https://openalex.org/W1879169835","https://openalex.org/W1890517194","https://openalex.org/W1969274127","https://openalex.org/W1975509829","https://openalex.org/W1976014923","https://openalex.org/W1987386426","https://openalex.org/W1992993420","https://openalex.org/W1995357280","https://openalex.org/W2011154793","https://openalex.org/W2043571304","https://openalex.org/W2047552564","https://openalex.org/W2058712972","https://openalex.org/W2068851638","https://openalex.org/W2087233319","https://openalex.org/W2088831988","https://openalex.org/W2092842462","https://openalex.org/W2092923044","https://openalex.org/W2129260536","https://openalex.org/W2150291618","https://openalex.org/W2153068218","https://openalex.org/W2167364945","https://openalex.org/W2183801748","https://openalex.org/W2185032033","https://openalex.org/W2344804700","https://openalex.org/W2463889527","https://openalex.org/W2514240013","https://openalex.org/W2593513443","https://openalex.org/W2769276865","https://openalex.org/W2795322594","https://openalex.org/W2884462043","https://openalex.org/W2886374081","https://openalex.org/W2890400931","https://openalex.org/W2902472125","https://openalex.org/W2913983666","https://openalex.org/W2914325819","https://openalex.org/W2917825430","https://openalex.org/W2932783908","https://openalex.org/W2995465457","https://openalex.org/W3121144666","https://openalex.org/W3121777248","https://openalex.org/W3122948292","https://openalex.org/W3123000131","https://openalex.org/W3123431456","https://openalex.org/W3124640834","https://openalex.org/W3125586325","https://openalex.org/W3189182573","https://openalex.org/W3197289649","https://openalex.org/W4200453621","https://openalex.org/W4281560760","https://openalex.org/W4309929738","https://openalex.org/W4312173963","https://openalex.org/W4312657557","https://openalex.org/W4353076815","https://openalex.org/W4360852361","https://openalex.org/W4367018354","https://openalex.org/W6734319639"],"related_works":["https://openalex.org/W4388460539","https://openalex.org/W7221759821","https://openalex.org/W4213122216","https://openalex.org/W4367018354","https://openalex.org/W4353076815","https://openalex.org/W7171824421","https://openalex.org/W4417268403","https://openalex.org/W4408313300","https://openalex.org/W2808596559","https://openalex.org/W3135539750"],"abstract_inverted_index":{"This":[0],"study":[1,58,94,114],"examines":[2],"the":[3,15,31,34,38,55,90,93,113,117,123],"connection":[4],"between":[5],"analyst":[6,61],"coverage":[7,62],"and":[8,27,52,68,84,108,134,144,150],"environmental":[9,66,86],"investment":[10,67],"using":[11],"firm-level":[12],"data":[13],"from":[14],"S&P":[16],"500":[17],"spanning":[18],"2001":[19],"to":[20,116,146],"2022.":[21],"There":[22],"is":[23],"still":[24],"an":[25],"unclear":[26],"missing":[28],"piece":[29],"in":[30,54,129],"literature":[32,121],"of":[33,40,120,127],"U.S.":[35],"evidence":[36],"investigating":[37],"impact":[39],"external":[41,79],"analysts":[42,76,128],"on":[43,122],"monitoring":[44,125],"corporate":[45,65],"sustainable":[46,131,148],"development.":[47],"Building":[48],"upon":[49],"prior":[50],"research":[51],"filling":[53],"gap,":[56],"this":[57],"proposes":[59],"that":[60,75],"can":[63],"affect":[64],"reduce":[69,151],"information":[70,82,136,152],"asymmetry.":[71,137,153],"The":[72],"findings":[73],"demonstrate":[74],"act":[77],"as":[78],"monitors,":[80],"reducing":[81,135],"asymmetry":[83],"enhancing":[85],"investment.":[87],"To":[88],"strengthen":[89],"main":[91],"conclusions,":[92],"utilizes":[95],"various":[96],"robustness":[97],"tests,":[98],"including":[99],"propensity":[100],"score":[101],"matching":[102],"(PSM),":[103],"2SLS":[104],"instrument":[105],"variable":[106],"approach,":[107],"subsample":[109],"analysis.":[110],"In":[111],"aggregate,":[112],"contributes":[115],"growing":[118],"body":[119],"important":[124],"role":[126],"promoting":[130],"business":[132],"practices":[133,149],"It":[138],"offers":[139],"valuable":[140],"insights":[141],"for":[142],"policymakers":[143],"investors":[145],"promote":[147]},"counts_by_year":[{"year":2026,"cited_by_count":9},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":3}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2023-09-08T00:00:00"}