We investigate whether and how the environmental consciousness (greenness for short) of firms and banks is reflected in the pricing of bank credit. Using a large international sample of syndicated loans over the period 2011-2019, we find that green banks indeed reward firms for being green in...

Rund um den Globus kippt angesichts der drohenden Klimakatastrophe die Stimmung, und der Protest der Millennials gegen eine Politik, die ihre Zukunft zerstört, wird immer lauter. Gleichzeitig sitzt die Welt angesichts alternativer Technologien auf einer 100-Billionen-Dollar-Blase aus...

The COP26 Glasgow conference stressed the importance of all nations committing to more ambitious targets for reducing emissions to keep global temperatures from rising more than 1.5 ​°C above pre-industrial levels. This is crucial since any temperature greater than that will have grave and...