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Based on a large international sample, we examine the effects of CSR on the cost of equity under different levels of investor protection. In countries where investor protection is strong (poor), our results show that the cost of equity falls (rises) when a firm invests in CSR. Our findings are...
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This essay looks at the bidirectional relationship between financial history and financial economics. It begins by giving a brief history of financial economics by outlining the main topics of interest to financial economists. It then documents and explains the increasing influence of financial...
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system, we must first resolve the issue of human agency. Is humanity free to choose its own destiny, or is humanity’s future … and carefully cited literature, we defend the thesis that human agency is at best a minor factor in the determination of … and greenhouse gas production may sustain humanity in the middle to long term, but the proven lack of human agency allows …
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