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Serafeim, George - 2017

Over the past few years, there has been a significant increase in the number of initiatives seeking to mobilize investor voice towards positive social impact. In this paper, I provide a framework outlining the role of investors as stewards of the commons. While companies are increasingly...

Persistent link: https://www.econbiz.de/10011901764

ESG investing : how to optimize impact?

Landier, Augustin; Lovo, Stefano M. - 2020

This paper develops a general equilibrium model of a productive economy with negative externalities. Investors are not willing to accept lower returns than their best investment alternatives and entrepreneurs maximize profits. If capital markets are subject to a search friction, an ESG fund can...

Persistent link: https://www.econbiz.de/10012291774

Do the poor benefit from corporate social responsibility? : a theory-based impact evaluation of six community-based water projects in Sri Lanka

Löwenstein, Wilhelm; Shakya, Martina; Hansen, Marc; … - 2015

Corporate Social Responsibility (CSR) can work as an effective means towards minimising business risk and maintaining amicable relationships with diverse groups of stakeholders. While many studies have examined the impacts of CSR on firm value and customer perceptions, little is known about the...

Persistent link: https://www.econbiz.de/10011943107

Does Greater Disclosure of Information on CSR Performance Improve Analysts’ Forecast Accuracy?

Schulz, Jan-Frederic - 2017

We analyze the effects of CSR disclosure on the accuracy of analysts' share price targets. The accuracy of analysts' price targets is value-relevant as it reduces firms' capital costs. We assess this relationship for S&P 500 firms from 2009 to 2014, applying panel regressions. We find that the...

Persistent link: https://www.econbiz.de/10012966732

The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation

Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - 2014

We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into … operating in all major industries. Our principal findings reveal that country sustainability related to both social and … of one unit in country sustainability scores is associated with an average decrease in the costs of debt by 64 basis …

Persistent link: https://www.econbiz.de/10010435307

The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation

Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Henley Business School, University of Reading - 2014

Persistent link: https://www.econbiz.de/10011210428

The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation

Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Persistent link: https://www.econbiz.de/10011095353

Research on Corporate Sustainability : Review and Directions for Future Research

Grewal, Jody - 2020

We review the literature on corporate sustainability and provide directions for future research. Our review focuses on … three actions: measuring, managing and communicating corporate sustainability performance. Measurement is the least … management control systems, investor pressure and mandated disclosure in improving corporate sustainability outcomes. Research …

Persistent link: https://www.econbiz.de/10012823828

The ESG Washing Practices in Banks : Evidence from Syndicated Loan Market

Huang, Kuo-Jui; Bui, Dien Giau; Lin, Chih-Yung - 2022

We investigate whether banks conduct environmental, social, and governance (ESG) washing practices in their lending decisions and how the market reacts to these practices. That is, banks with worse ESG sentiments intentionally lend to firms with higher ESG sentiments to improve their ESG...

Persistent link: https://www.econbiz.de/10013406025

ESG Investing

Sundaram, Anant K. - 2022

performance of two sides of the ESG coin: corporations that invest to build attractive sustainability attributes, and investment …

Persistent link: https://www.econbiz.de/10013404525