Using survey evidence from European asset managers, we provide insights into their green bond investment activities and the factors that affect their investment decisions. We find that the majority of investors are actively invested in the green bond market via a variety of investment channels....

This study explores the underlying drivers of US public pension funds’ tendency to tilt their portfolios towards companies with stronger corporate social responsibility (CSR). Studying the equity holdings of large, internally managed US state pension funds, we find evidence that the political...

This paper examines the role of CEO’s innate altruism in explaining firm corporate social responsibility (CSR) performance by studying a sample of U.S. firms that are S&P 1500 components over the period 1997-2018. Building on the literature that highlights the importance of cultural heritage...

The paper examines the drivers and challenges of issuing green bonds from the perspective of green bond issuers. Using survey evidence of global issuers representing 29% of total green bond issuances, the research shows that reputational benefits, the market signalling power of green bonds and a...