This paper shows how green investing spurs companies to reduce their greenhouse gas emissions by raising their cost of capital. Companies' emissions decrease when the proportion of green investors and their environmental stringency increase. However, heightened uncertainty regarding future...

We examine the link between a firm's environmental (E) and social (S) disclosures and measures of its risk including total, systematic, and idiosyncratic risk. While we do not find any link between a firm's E and S disclosures and its systematic risk, we find a negative and significant...

Purpose – This paper aims to propose and apply a novel risk-based approach to explore whether socio-political theories explain the level of corporate environmental disclosures given inconclusive evidence on the relation between environmental disclosure and environmental performance....

On the eve of Kyoto policy implementation, this volume presents an analysis of corporate responses to the climate change issue. It describes and assesses a number of recent business approaches that will help to identify effective strategies and promote the dissemination of proactive corporate...

This chapter analyses recent developments in tort law, namely in the English tort of negligence, which point towards increased liability of parent companies for damage caused by their subsidiaries. In particular, it discusses the relevance of CSR and environmental self-regulation and best...

Despite the insights gained from this research stream, the role of CSR in firms attempting to gain legitimacy remains under-examined. Legitimacy refers to ‘‘a generalized perception or assumption that the actions of an entity are desirable, proper, or appropriate. Under conditions of...