The study is intended to assess the accuracy and quality of climate-related disclosures by the companies on the Climate Disclosure Protocol (CDP) - A list. This is achieved by systematically grading the company-specific Greenhouse Gas (GHG) emission inventory stated in the annual report as...

We offer preliminary evidence drawing on a novel dataset of corporate bonds issued in the European energy sector since January 2020 in combination with the European Central Bank's (ECB) purchases under the Pandemic Emergency Purchase Programme (PEPP) in response to COVID-19. We show that the...

Die Nachhaltigkeitstransformation des Finanzsektors ist eine zentrale Voraussetzung für die Transformation der Realwirtschaft. Die systematische Integration von Nachhaltigkeitsaspekten in Investitionsentscheidungen ist für den Ausbau erneuerbarer Energien, die Renaturierung von Ökosystemen...

Using a global dataset of over 840,000 equity, bond and syndicated loan investment banking deals, we build the fossil fuel investment brokerage profile of financial centres worldwide between 2000 and 2018. We also study whether city-level fossil fuel divestment commitments and country level...

This paper aims to explain key concepts of the EU Taxonomy for Sustainable Activities, a commonclassification system established to clarify which investments are environmentally sustainable.Additionally, it provides insight on the compliance of corporate activities with the EU...

This paper investigates whether firms strategically deviate positively from their normal environmental, social, and governance (ESG) disclosure levels as a signal to investors to obtain better access to finance. Analysing 3,900 firm-year observations in the US corporate bond market from 2009 to...

The ongoing Voice versus Exit debate, which tries to find the most effective way for an investor to influence firm behaviour, for the vast majority of published research focuses on existing equity shareholders. This neglects debt capital, which due to its refinancing cycle represents a key lever...