Impacts of environmental sustainable performance reporting on the stock price crash risk and stock liquidity: The mediating role of predictability and comparability

Abstract Nowadays, sustainability performance reporting plays an important role in corporates’ success. Since sustainability reporting improves the quality of disclosure and financial transparency, it is expected to have positive effects on stock prices and liquidity and reduce the crash and liquidity risk. This research investigates the impacts of environmentally sustainable performance reporting on the stock price crash and liquidity risks …