Empirical studies investigate various causes and effects of sustainable investments. While some attempts have been made to describe the results found by theoretical models, these are relatively complex and idiosyncratic. We relate to existing studies and use a parsimonious CAPM in which we model...

In the past decade, indicators have been created to assess the sustainability performance of companies listed in stock exchange markets. Academics and practitioners expect companies to benefit from being listed in such indexes, but evidence of value creation is still scarce. Since virtually all...

Environmental regulation greatly increases the external transformation demands on heavily polluting enterprises. To respond to these demands, the remolding of and innovation in business models can be realized through green mergers and acquisitions (M&As), which have become a strategic choice for...

This paper discusses importance of Corporate Governance on the productivity of the firm and this study in particular has chosen role of CG on Total Factor Productivity as the core of this paper. The main goal is to prove CG as the causal factor for TFP. Main attention was paid to Ordinary Least...

Sustainable corporate governance has been defined as corporate governance that ensures corporations are run in such a way that they are sustainable over the long term. Note that for corporations to be sustainable in the long run, they need to ensure the preservation, as well as possibly the...

The research in this paper examines the question of whether economic growth is consistent with environmental sustainability. Since growth is closely associated with capital accumulation, this question is studied by analyzing the allocation of capital expenditures. The analytical framework...

This analysis explores the implications of technological shifts towards greener and sustainable innovations on acquisition propensity between firms with different technological capacities. Using a dataset of completed control acquisition deals over the period of 2009-2020 from 23 OECD countries,...