Newton, David P.; Ongena, Steven; Xie, Ru; Zhao, Binru - 2022
Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG … bank monitoring and scrutiny. The Social and Governance components, in particular, matter. Furthermore, firms suffering … higher numbers of negative ESG reputation shocks are less likely to continue to rely on bank credit in response to lenders …