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-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to revise one's past actions; (ii … initially unforeseen sustainability problems become apparent and policy is enacted after irreversible actions were taken, policy …
Persistent link: https://www.econbiz.de/10010281770
-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to re- vise one’s past actions …”. If initially unforeseen sustainability problems become apparent and policy is enacted after irreversible ac- tions were …
Persistent link: https://www.econbiz.de/10008907720
This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...
Persistent link: https://www.econbiz.de/10011419424
The green bond market has grown rapidly since its inception in 2007. Climate-aligned standards provide investors with the confidence that their investments deliver a measurable climate benefit. Serving as a benchmark, these standards demonstrate alignment with the Paris Agreement, against which...
Persistent link: https://www.econbiz.de/10012824116
This study configures a sustainability transformation model for financial institutions considering the EU and German … sustainability perspectives. The study zooms in on sustainability transformation issues deploying Stouten, Rousseau, & Cremer’s Model … sustainability transformation model (STM) and classifying transformation steps in terms of E, S, and G factors. In building step …
Persistent link: https://www.econbiz.de/10013233198
sustainability constraint, that utility should not be expected to decline over time, in an economy with risky investment … opportunities. The sustainability constraint does not distort portfolio choice and implies a consumption-wealth ratio and social …
Persistent link: https://www.econbiz.de/10013236208
Passion - in the sense of fervent commitment to action - and compassion - understood as sensitive openness for social and ecological concerns - are not a sure formula for business success. Whether social or ecological entrepreneurs, who find themselves under pressure from market competition,...
Persistent link: https://www.econbiz.de/10011784179
This paper provides new empirical evidence for the effect of corporate social responsibility (CSR) on corporate financial performance. In contrast to former studies, we examine two different regions, namely the USA and Europe. Our econometric analysis shows that environmental and social...
Persistent link: https://www.econbiz.de/10011753149
This paper provides new empirical evidence for the effect of corporate social responsibility (CSR) on corporate financial performance. In contrast to former studies, we examine two different regions, namely the USA and Europe. Our econometric analysis shows that environmental and social...
Persistent link: https://www.econbiz.de/10003761387
Ecolabels are designed to help consumers identify environmentally superior products and services, however, they are not all created equal. Some ecolabels have strong rules that promote environmental improvements, while others have weaker rules that permit free-riding. Since information about...
Persistent link: https://www.econbiz.de/10014120586