Showing 1 - 10 of 15,801
The current global economic development faces social and environmental challenges, such as climate change and environmental pollution, which requires firms to be more socially responsible. Due to the fast-growing corporate social responsibility (CSR) consciousness and concerns of individual...
Persistent link: https://www.econbiz.de/10012656385
Environmental disasters are thought to increase the focus on corporate sustainability in the communities where they … actions to construct measures of local corporate sustainability, we study this conjecture. To address the omitted variables … corporate environmental sustainability in the following year. The impact is not homogeneous across counties: it is significant …
Persistent link: https://www.econbiz.de/10013210531
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into … operating in all major industries. Our principal findings reveal that country sustainability related to both social and … of one unit in country sustainability scores is associated with an average decrease in the costs of debt by 64 basis …
Persistent link: https://www.econbiz.de/10010437173
This article attempts to bring quantitative evidence of a firm's sustainability reporting in terms of non …-market transnational sustainability strategy on firm performance. The study presents an analysis of nearly 510 firm's ESG scores across 17 …
Persistent link: https://www.econbiz.de/10013258583
; and introduces a corporate sustainability measure. Sustainable part of corporate social performance completely explains … that are irrelevant to sustainability have no effect on firm values. Moreover, sustainability-based hedge portfolios could …
Persistent link: https://www.econbiz.de/10012900859
We investigate how corporate environmental responsibility (CER) actions affect firm value. We adopt an event studies approach using two narrowly-decided 5-to-4 Supreme Court rulings and show that firms gain value when they are expected to increase their CER activities. The market reactions are...
Persistent link: https://www.econbiz.de/10012850491
This paper studies the development of a firm’s Environmental, Social, and Governance (ESG) performance following the issuance of “green loans” earmarked for green projects versus “sustainable loans” to firms bench-marked by ESG criteria. Firms issuing green loans appear to be effective...
Persistent link: https://www.econbiz.de/10013202785
Over the past few years, there has been a significant increase in the number of initiatives seeking to mobilize investor voice towards positive social impact. In this paper, I provide a framework outlining the role of investors as stewards of the commons. While companies are increasingly...
Persistent link: https://www.econbiz.de/10011901764
The issuance of sustainability-linked loans (SLLs) has grown exponentially in recent years. Using a scoring methodology … effective incentives for improving corporate sustainability performance. We demonstrate that the majority of loans fails to meet … key requirements that would make them credible instruments for generating effective sustainability incentives. These …
Persistent link: https://www.econbiz.de/10013554919
This paper develops a general equilibrium model of a productive economy with negative externalities. Investors are not willing to accept lower returns than their best investment alternatives and entrepreneurs maximize profits. If capital markets are subject to a search friction, an ESG fund can...
Persistent link: https://www.econbiz.de/10012291774