Similar Search Results

Externalities of Responsible Investments

Piccolo, Alessio; Schneemeier, Jan; Bisceglia, Michele - 2022

We develop a framework to explore the equilibrium implications of socially responsible investments (SRI). Investors acquire positions in ex-ante identical firms, and firms compete in selling products to consumers. A fraction of investors and consumers are socially responsible in that they value...

Persistent link: https://www.econbiz.de/10013492721

Responsible Investing : The ESG-Efficient Frontier

Pedersen, Lasse Heje - 2020

We propose a theory in which each stock's environmental, social, and governance (ESG) score plays two roles: 1 … empirical ESG-efficient frontier and show the costs and benefits of responsible investing. Finally, we test our theory …

Persistent link: https://www.econbiz.de/10012847417

External funding and long-term investment

Lane, Philip R. - In: Financial flows and infrastructure financing : …, (pp. 43-65). 2014

Persistent link: https://www.econbiz.de/10010463494

On the Optimal Inflation Rate with Capital Externality

Dong, Bingbing - 2019

This short note is to show that the strong non-superneutrality of monetary policy in Brunnermeier and Sannikov (2016) does not hold if taking into account the pecuniary externality of capital. Higher money growth rate leads to a higher level of capital but not higher growth rate of the economy...

Persistent link: https://www.econbiz.de/10012889012

Optimal Investment in Learning-Curve Technologies

Della Seta, Marco - 2013

We study optimal investment in technologies characterized by the learning curve. There are two investment patterns … scale. If the curve is steep, firms invest earlier and on a smaller scale. We further demonstrate that learning investment … differs greatly from investment in technologies without learning effects. Learning investments generate substantial initial …

Persistent link: https://www.econbiz.de/10013093669