Showing 1 - 10 of 22,065
This article asks how sustainable investing (SI) contributes to societal goals, conducting a literature review on investor impact—that is, the change investors trigger in companies' environmental and social impact. We distinguish three impact mechanisms: shareholder engagement, capital...
Persistent link: https://www.econbiz.de/10012850816
. Practical implications - Both investors and policymakers may use these findings to make wise investment and policy choices to … turbulent periods may contribute to the post-COVID investment portfolio for environmental sustainability. …
Persistent link: https://www.econbiz.de/10014310532
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
This paper introduces the concept of sustainable finance literacy, which refers to retail investors' knowledge of regulations, norms, and standards for financial products with sustainable characteristics. We survey a large sample of Swiss households and measure different literacy concepts using...
Persistent link: https://www.econbiz.de/10012800915
A large literature documents a positive correlation between a firm's sustainability or ESG policies and firm value. However, the exact mechanism through which this relation arises remains ambiguous and it is often hard to establish the direction of causation. In this paper we propose and test...
Persistent link: https://www.econbiz.de/10012487744
Studies on green investment and corporate social responsibility (CSR) investment has been conducted by some researchers … and financial performance, but only a few have examined how green investment, CSR investment, and sustainability are … Exchange from 2016 to 2019. This study found that green investment and CSR investment positively affect financial performance …
Persistent link: https://www.econbiz.de/10012628392
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
The rising sustainability awareness among regulators, consumers and investors results in major sustainability risks for firms. We construct three ESG risk factors (Environmental, Social, and Governance) to quantify the ESG risk exposures of firms. Taking these factors into account significantly...
Persistent link: https://www.econbiz.de/10012853222
, empirical data, and policy to explain the sustainability challenges for corporate investment. It shows how investors and bankers …
Persistent link: https://www.econbiz.de/10012897459
We assess how sustainable finance literacy affects people's sustainable investment behavior, using a pre … sustainable investments. Our findings underscore the role of knowledge in shaping sustainable investment decisions, highlighting …
Persistent link: https://www.econbiz.de/10014514788