This paper puts forth Ecological Finance Theory as a valuable new vision for financial economics. Ecological Finance Theory is a mission-driven proposition seeking to re-embed financial systems within social and ecological constraints in order to ensure social resilience. Ecological Finance...

We examine whether and how newspaper coverage affects firms' toxic emissions. Studying this question helps us understand the ecosystem of regulation by revelation, an increasingly popular environmental policy approach. Using local newspaper closures as an exogenous shock to news coverage, we...

More than 1,500 organizations and investors representing over $40 trillion in assets have committed to fossil fuel divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a critical component of transitioning to a cleaner...

Introducing a pollution-averse planet alongside a risk-averse mortal investor into the value framework of finance theory and practice - this, I believe, is the central challenge of climate finance, with all its theoretical, mathematical, institutional, technological and data implications. This...

Even if the globalization of the economy has resulted in changes in environmental quality, environmental policy formulation still requires research that integrates the KOF Globalization Index and the load capacity factor Index into a single framework. From 1996 to 2020, the study examined the...