Does Greater Disclosure of Information on CSR Performance Improve Analysts’ Forecast Accuracy?

We analyze the effects of CSR disclosure on the accuracy of analysts’ share price targets. The accuracy of analysts’ price targets is value-relevant as it reduces firms’ capital costs. We assess this relationship for S&P 500 firms from 2009 to 2014, applying panel regressions. We find that the accuracy of analysts’ share price targets – [...]