Abstract This study investigates the impact of target emissions from polluting firms on the production of green technology and the optimal policy decisions of privatization on the eco-industry under their voluntary commitments. For this, we formulate a vertical structure consisting of a...

That corporate sustainability information disclosure enhances enterprise value discovery is a basic premise underlying sustainability disclosure discussions. If this is not the case, sustainability reporting efforts can be of little value to both the corporate and the investors. This aspect of...

As a member of the social community, if a company puts effort into sustainable activities and creates environmentally and socially meaningful outcomes, it in itself solidifies the going concern assumption. Therefore, it is reasonable to assume that ESG performance and corporate value would have...

This paper analyzes an optimal antitrust policy on horizontal mergers under asymmetric information when antitrust agency cannot observe the post-merger private cost of merged firms. By using a discrete mechanism design approach with self-selection, this paper proposes an incentive compatible...

Hydrogen scenarios are set by mixing three alternatives of demand side and three alternatives of supply side corresponding to demand side. The demand side alternatives are classified as a baseline demand, high demand, low demand according to hydrogen demand. Under the baseline demand scenario,...

The purpose of this study is to analyze the determinants affecting Korean farmers' choice of adaptation measures to climate change using multinomial logit model. The major findings of this study are summarized as follows. First, the results indicate that 70.7 percent of farmers have adapted to...