Esg and leverage adjustment: based on stakeholder theory and signaling theory

HIGHLIGHTS

• What: Combining and signaling this paper discusses how and under what circumstances may have an impact capital structure from which the paper proposes the following conjectures: whether can have a significant impact a firm`s target leverage; how can affect a firm`s capital structure when the firm has an asymmetry of information; and whether can be tailored to economic environments that can have an impact a firm`s capital structure changes have an effect. From the standpoint of information asymmetry, the paper reveals that as corporate information becomes increasingly transparent, the rate at which ESG factors . . .
  

   

  

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