We examine the determinants of and investor responses to corporate environmental, social, and governance (ESG) bond issuance in Korea. We find that ESG bond issuance is positively associated with firm size and foreign ownership stakes. We also find that firms that establish ESG committees at the...

This paper examines the association between greenhouse gas (GHG) emissions, firm value and foreign ownership for Korean firms. In Korea, firms that emit GHG more than a given threshold have been mandated to disclose the levels of GHG emissions since 2011. We find that firms bound to disclose GHG...

This paper examines environmental, social, and governance (ESG) performance around seasoned equity offerings (SEOs). A firm may improve ESG performance prior to SEOs to the extent that it believes that investors will be more favorable to firms with better ESG performance (window-dressing...