This paper is the first to empirically study the effects of different types of corporate culture on the risk-taking behavior of European banks. Based on a text analysis approach following the competing values framework, we analyze a hand-collected sample of 167 European banks from 2005 to 2015....

This paper studies the effectiveness of a firm's strategy to report on its ESG activities with regard to the extent and direction in which the firm's ESG performance gets valued by capital market investors. It is the first to disentangle the moderating effects of different types of ESG reports...

The eco-efficiency approach (e.g. Schaltegger and Sturm, 1990 and Holliday et al., 2002) suggest an outclassing shareholder value for sustainable investments as a result of more efficient risk and resource management, broader consumer acceptance and legitimation, fewer stakeholder conflicts, a...