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Ioannis Oikonomou

(deceased)

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Andreas G. F. Hoepner & Ioannis Oikonomou & Zacharias Sautner & Laura T. Starks & Xiaoyan Zhou, 2023. "ESG Shareholder Engagement and Downside Risk," Swiss Finance Institute Research Paper Series 23-77, Swiss Finance Institute.

    Cited by:

    1. Zhu, Jin & Zhi, Wenyuan & Fang, Yuanhan, 2025. "Ethical leadership, organizational learning, and corporate ESG performance: A moderated mediation model," International Review of Economics & Finance, Elsevier, vol. 98(C).
    2. Barg, Johannes A. & Drobetz, Wolfgang & El Ghoul, Sadok & Guedhami, Omrane & Schröder, Henning, 2024. "Institutional dual ownership and voluntary greenhouse gas emission disclosure," Journal of Corporate Finance, Elsevier, vol. 89(C).
    3. Horn, Matthias & Oehler, Andreas, 2024. "Constructing stock portfolios by sorting on ESG ratings: Does the rating provider matter?," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    4. Zhang, Mengzhi & He, Wenjian, 2025. "Encouraging or inhibiting: Can analyst attention reduce corporate greenwashing behavior?," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 943-962.
    5. Goretti Cabaleiro-Cerviño & Pedro Mendi, 2024. "ESG-driven innovation strategy and firm performance," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 137-185, March.
    6. Lee, Junyong & Lee, Kyounghun & Oh, Frederick Dongchuhl, 2024. "Credit ratings and corporate ESG behavior," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    7. Boermans, Martijn Adriaan & Galema, Rients, 2025. "Carbon home bias of European investors," Journal of Corporate Finance, Elsevier, vol. 92(C).
    8. Cheng, Yuhao & He, Chuqian & Tang, Can, 2025. "The impact of ESG performance on corporate debt costs: A signaling perspective," Finance Research Letters, Elsevier, vol. 76(C).
    9. Huang, Jr-Wei & Yang, Sharon S. & Cheng, Hung-Wen, 2024. "Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    10. Tang, Chia-Hsien & Lee, Yen-Hsien & Hsiao, Ming-Chun & Liu, Hung-Chun, 2024. "Exploring the impact of ESG components, CEO characteristics, and organizational themes on downside risk: Insights from Chinese firms," Finance Research Letters, Elsevier, vol. 61(C).
    11. Bucher-Koenen, Tabea & Herforth, Anna-Lena & Kirschenmann, Karolin & Ravanbakhshhabibabadi, Monireh, 2025. "Financing the green transition: The role of private capital," ZEW policy briefs 04/2025, ZEW - Leibniz Centre for European Economic Research.
    12. Armin Varmaz & Christian Fieberg & Thorsten Poddig, 2024. "Portfolio optimization for sustainable investments," Annals of Operations Research, Springer, vol. 341(2), pages 1151-1176, October.
    13. Vu, Thanh Nam, 2025. "ESG performance and sustainability concerns exposure," Finance Research Letters, Elsevier, vol. 71(C).
    14. Galema, Rients & Gerritsen, Dirk, 2025. "ESG rating changes and stock returns," Journal of International Money and Finance, Elsevier, vol. 154(C).
    15. Li, Lidan & Han, Jie & Mo, Shenwei & Yang, Yupeng, 2024. "Tackling competition by reducing emissions: Private firms’ polluting behavior under peer IPOs," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 232-249.
    16. Gao, Yumeng & Hoepner, Andreas G.F. & Prokopczuk, Marcel & Rouxelin, Florent & Wuersig, Christoph, 2025. "Responsible investing: Upside potential and downside protection?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    17. Wang, Jinli, 2024. "Does environmental decentralization promote corporate ESG performance? Evidence from China," Innovation and Green Development, Elsevier, vol. 3(4).
    18. Ali, Sara & Badshah, Ihsan & Demirer, Riza & Hegde, Prasad & Rognone, Lavinia, 2024. "Climate risk, ESG ratings, and the flow-performance relationship in mutual funds," Global Finance Journal, Elsevier, vol. 63(C).
    19. Kim, Incheol & Lee, Suin & Ryou, Jiwoo, 2024. "Does climate risk influence analyst forecast accuracy?," Journal of Financial Stability, Elsevier, vol. 75(C).
    20. Lee, Hye Seung & Salas, Jesus M. & Shen, Ke & Yang, Ke, 2024. "The effect of bond ownership structure on ESG performance," Journal of Corporate Finance, Elsevier, vol. 89(C).
    21. Foroughi, Pouyan & Marcus, Alan & Nguyen, Vinh, 2024. "Mutual fund pollution experience and environmental voting," Journal of Banking & Finance, Elsevier, vol. 162(C).
    22. Ginglinger, Edith & Raskopf, Caroline, 2023. "Women directors and E&S performance: Evidence from board gender quotas," Journal of Corporate Finance, Elsevier, vol. 83(C).
    23. Safiullah, Md & Phan, Dinh Hoang Bach & Nurul Kabir, Md., 2024. "Green innovation and corporate default risk," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 95(C).
    24. Ben Ameur, Hachmi & Ftiti, Zied & Louhichi, Waël & Yousfi, Mohamed, 2024. "Do green investments improve portfolio diversification? Evidence from mean conditional value-at-risk optimization," International Review of Financial Analysis, Elsevier, vol. 94(C).
    25. Hastreiter, Nikolaus, 2024. "Can investor coalitions drive corporate climate action?," LSE Research Online Documents on Economics 125852, London School of Economics and Political Science, LSE Library.
    26. DeLisle, R. Jared & Grant, Andrew & Mao, Ruiqi, 2024. "Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones," Journal of Corporate Finance, Elsevier, vol. 86(C).
    27. Tamara Teplova & Tatiana Sokolova & Sergei Gurov, 2024. "Do ESG Factors Prove Significant Predictors of Systematic and Downside Risks in the Russian Market after Controlling for Stock Liquidity?," JRFM, MDPI, vol. 17(4), pages 1-18, April.
    28. Heeb, Florian & Kölbel, Julian, 2024. "The impact of climate engagement: A field experiment," SAFE Working Paper Series 437, Leibniz Institute for Financial Research SAFE.
    29. Yang, Sharon S. & Huang, Jr-Wei & Chen, Hong-Yi & Tsay, Min-Hung, 2025. "Detecting corporate ESG performance: The role of ESG materiality in corporate financial performance and risks," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
    30. Chen, Linquan & Chen, Yao & Kumar, Alok & Leung, Woon Sau, 2024. "Firm-level ESG information and active fund management," Journal of Financial Intermediation, Elsevier, vol. 60(C).
    31. Carta, Nicola & Carta, Matteo & Rigoni, Ugo, 2024. "The countdown to carbon neutrality: Implications for passive investors," Economics Letters, Elsevier, vol. 244(C).
    32. David L. Kelly & Christopher Paik, 2024. "Sustainable Banking and Credit Market Segmentation," CESifo Working Paper Series 11522, CESifo.
    33. Tang, Chia-Hsien & Liu, Hung-Chun & Lee, Yen-Hsien & Hsu, Yuan-Teng, 2025. "ESG risk, economic policy uncertainty, and the downside risk: Evidence from US firms," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).

  2. Ioannis Oikonomou & Chao Yin & Lei Zhao, 2017. "Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct," ICMA Centre Discussion Papers in Finance icma-dp2017-06, Henley Business School, University of Reading.

    Cited by:

    1. Othar Kordsachia & Maximilian Focke & Patrick Velte, 2022. "Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe," Review of Managerial Science, Springer, vol. 16(5), pages 1409-1436, July.
    2. Fernando, Guy D. & Schneible, Richard A. & Zhang, Wei, 2024. "Institutional ownership and women in the top management team," Journal of Business Research, Elsevier, vol. 170(C).
    3. Wang, Kun Tracy & Sun, Aonan, 2022. "Institutional ownership stability and corporate social performance," Finance Research Letters, Elsevier, vol. 47(PA).
    4. Chin Sok Fun & Nor Shaipah Abdul Wahab & Tye Wei Ling & Premagowrie Sivanandan & Nurliyana Haji Khalid, 2023. "Tenure of independent directors and analysts following: Moderating role of institutional ownership," Cogent Business & Management, Taylor & Francis Journals, vol. 10(3), pages 2256500-225, December.
    5. Chen, Shihua & Chen, Yulin & Jebran, Khalil, 2021. "Trust and corporate social responsibility: From expected utility and social normative perspective," Journal of Business Research, Elsevier, vol. 134(C), pages 518-530.
    6. Martí-Ballester, Carmen-Pilar, 2022. "Do renewable energy mutual funds advance towards clean energy-related sustainable development goals?," Renewable Energy, Elsevier, vol. 195(C), pages 1155-1164.
    7. Galema, Rients & Gerritsen, Dirk, 2025. "ESG rating changes and stock returns," Journal of International Money and Finance, Elsevier, vol. 154(C).
    8. David Blitz & Laurens Swinkels, 2021. "Who owns tobacco stocks?," Journal of Asset Management, Palgrave Macmillan, vol. 22(5), pages 311-325, September.
    9. Ringe Wolf-Georg, 2023. "Investor Empowerment for Sustainability," Review of Economics, De Gruyter, vol. 74(1), pages 21-52, April.
    10. Wennanxiang Wang & Ridong Hu & Cheng Zhang & Yang Shen, 2023. "Does Socially Responsible Investing Make a Better Society?—A Micro Perspective through Mutual Funds and Their Investee Companies," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    11. Wang, Yizhi & Lin, Yongjia & Fu, Xiaoqing & Chen, Songhe, 2023. "Institutional ownership heterogeneity and ESG performance: Evidence from China," Finance Research Letters, Elsevier, vol. 51(C).
    12. Liu, Yang & Jin, Xiao Meng & Ly, Kim Cuong & Mai, Yong, 2024. "The relationship between heterogeneous institutional investors’ shareholdings and corporate ESG performance: Evidence from China," Research in International Business and Finance, Elsevier, vol. 71(C).
    13. Wang, Tracy & Sun, Aonan, 2022. "Institutional ownership stability and corporate social performance," MPRA Paper 112679, University Library of Munich, Germany.
    14. Barontini, Roberto & Gioja, Luigi, 2025. "The market power of ESG index providers: The effects of rebalancing ESG-themed indices," Research in International Business and Finance, Elsevier, vol. 77(PA).
    15. Philip Teng Lin & Yanhui Jin & Fei Gao & Ruifeng Yang & Qian Lin, 2023. "Institutional Investors, CSR Report Readability and the Moderating Role of ESG Performance," SAGE Open, , vol. 13(4), pages 21582440231, November.
    16. Ashton, John & Wang, Yang & Zhang, Yifei, 2024. "Does mutual fund ownership increase corporate environmental spending?," Journal of Business Research, Elsevier, vol. 184(C).

  3. Andreas Hoepner & Ioannis Oikonomou & Bert Scholtens & Michael Schroder, 2014. "The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation," ICMA Centre Discussion Papers in Finance icma-dp2014-14, Henley Business School, University of Reading.

    Cited by:

    1. Shehata, Nermeen & El-Helaly, Moataz & Hossain, Mohammed, 2025. "A tale of two revolutions: Environmental, social, and governance performance and dividend policy in Egyptian-listed companies during unstable times," Research in International Business and Finance, Elsevier, vol. 75(C).
    2. Jagriti Srivastava & Aravind Sampath & Balagopal Gopalakrishnan, 2021. "Is CSR the key to unlocking debt financing during COVID-19? A multicountry perspective," Working papers 481, Indian Institute of Management Kozhikode.
    3. Alain Devalle & Simona Fiandrino & Valter Cantino, 2017. "The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(9), pages 1-53, August.
    4. Tan, Jianhua & Chen, Tao & Zhang, Peng & Chan, Kam C., 2021. "Environmental rule enforcement and cash holdings: Evidence from a natural experiment," Economic Modelling, Elsevier, vol. 103(C).
    5. Xue, Mengzhe & Lu, Mengyuan & Du, Anna Min & Zheng, Bowen, 2025. "How do firms respond to climate change? Evidence based on ESG performance," International Review of Economics & Finance, Elsevier, vol. 98(C).
    6. Ballester, Laura & González-Urteaga, Ana & Martínez, Beatriz, 2025. "When is environmental performance most valued? International evidence from the CDS market," International Review of Economics & Finance, Elsevier, vol. 99(C).
    7. Danilo Drago & Concetta Carnevale & Raffaele Gallo, 2019. "Do corporate social responsibility ratings affect credit default swap spreads?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 644-652, May.
    8. Jaehong Lee & Eunsoo Kim, 2020. "The Influence of Corporate Environmental Responsibility on Overinvestment Behavior: Evidence from South Korea," Sustainability, MDPI, vol. 12(5), pages 1-20, March.
    9. Vilija Aleknevièiene & Sandra Stralkute, 2023. "Impact of corporate social responsibility on cost of debt in Scandinavian public companies," Oeconomia Copernicana, Institute of Economic Research, vol. 14(2), pages 585-608, June.
    10. Mohammed Benlemlih & Isabelle Girerd-Potin, 2017. "Corporate social responsibility and firm financial risk reduction: On the moderating role of the legal environment," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 44(7-8), pages 1137-1166, July.
    11. Robin Chen & Chia‐Wei Huang & Chih‐Yung Lin, 2022. "Board corruption and loan contracts," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(9-10), pages 1929-1956, October.
    12. Francisco Javier Forcadell & Elisa Aracil & Fernando Ubeda, 2020. "Using reputation for corporate sustainability to tackle banks digitalization challenges," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2181-2193, September.
    13. Gunther Capelle-Blancard & Patricia Crifo & Marc-Arthur Diaye & Rim Oueghlissi & Bert Scholtens, 2017. "Environmental, Social and Governance (ESG) performance and sovereign bond spreads: an empirical analysis of OECD countries," Working Papers hal-04141666, HAL.
    14. Raminta Benetyte & Halit Gonenc & Rytis Krusinskas, 2021. "Corporate Governance vs. Financial Performance for Intensity of Innovation Investments," Sustainability, MDPI, vol. 13(9), pages 1-13, April.
    15. Aneta Drab, 2022. "The Impact of ESG Factors on Company Share Prices in the European Energy Sector (Wplyw czynnikow ESG na kursy akcji spolek z sektora energetycznego w Europie)," Research Reports, University of Warsaw, Faculty of Management, vol. 2(37), pages 4-14.
    16. Hiroaki Kambe & Masatoshi Tamamura, 2022. "Effects of firm-level ESG performance on creditworthiness in Japanese listed companies," International Journal of Economic Policy Studies, Springer, vol. 16(2), pages 465-489, August.
    17. Patrícia Pereira & Maria Céu Cortez & Florinda Silva, 2019. "Socially responsible investing and the performance of Eurozone corporate bond portfolios," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1407-1422, November.
    18. Naysary, Babak & Shrestha, Keshab, 2024. "Financial technology and ESG market: A wavelet-DCC GARCH approach," Research in International Business and Finance, Elsevier, vol. 71(C).
    19. R. M. Ammar Zahid & Adil Saleem & Umer Sahil Maqsood & Judit Sági, 2024. "Moderating role of audit quality in ESG performance and capital financing dynamics: insights in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(5), pages 12031-12060, May.
    20. Julia Anna Bingler, 2022. "Expect the worst, hope for the best: The valuation of climate risks and opportunities in sovereign bonds," CER-ETH Economics working paper series 22/371, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    21. Alexandridis, George & Hoepner, Andreas G.F. & Huang, Zhenyi & Oikonomou, Ioannis, 2022. "Corporate social responsibility culture and international M&As," The British Accounting Review, Elsevier, vol. 54(1).
    22. Mohammed Benlemlih & Isabelle Girerd-Potin, 2017. "Corporate social responsibility and firm financial risk reduction: On the moderating role of the legal environment," Post-Print hal-01977064, HAL.
    23. Fonseka, Mohan & Rajapakse, Theja & Richardson, Grant, 2019. "The effect of environmental information disclosure and energy product type on the cost of debt: Evidence from energy firms in China," Pacific-Basin Finance Journal, Elsevier, vol. 54(C), pages 159-182.
    24. Ma, Xiaoyan & Zhou, Aimin & Chi, Chuenyu, 2025. "ESG performance and green total factor productivity," Finance Research Letters, Elsevier, vol. 73(C).
    25. Anis Maaloul & Daniel Zéghal & Walid Ben Amar & Sari Mansour, 2023. "The Effect of Environmental, Social, and Governance (ESG) Performance and Disclosure on Cost of Debt: The Mediating Effect of Corporate Reputation," Corporate Reputation Review, Palgrave Macmillan, vol. 26(1), pages 1-18, February.
    26. Li, WeiWei & Padmanabhan, Prasad & Huang, Chia-Hsing, 2024. "ESG and debt structure: Is the nature of this relationship nonlinear?," International Review of Financial Analysis, Elsevier, vol. 91(C).
    27. Nguyen, Van Ha & Choi, Bobae & Agbola, Frank W., 2020. "Corporate social responsibility and debt maturity: Australian evidence," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    28. Kirschenmann Karolin, 2022. "The EU Taxonomy’s (Potential) Effects on the Banking Sector and Bank Lending to Firms," The Economists' Voice, De Gruyter, vol. 19(2), pages 275-283, December.
    29. Nazim Hussain & Ugo Rigoni & Elisa Cavezzali, 2018. "Does it pay to be sustainable? Looking inside the black box of the relationship between sustainability performance and financial performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1198-1211, November.
    30. Ballester, Laura & González-Urteaga, Ana & Shen, Long, 2024. "Green bond issuance and credit risk: International evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 94(C).
    31. Othar Kordsachia, 2021. "A risk management perspective on CSR and the marginal cost of debt: empirical evidence from Europe," Review of Managerial Science, Springer, vol. 15(6), pages 1611-1643, August.
    32. Shih, Yi-Cheng & Wang, Yao & Zhong, Rui & Ma, Yi-Ming, 2021. "Corporate environmental responsibility and default risk: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    33. Fátima Sol Murta & Paulo Miguel Gama, 2024. "Sustainability and the domestic credit market: worldwide evidence," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(4), pages 827-845, December.
    34. Ho, Choy Yeing (Chloe) & Wu, Eliza & Yu, Jing, 2024. "The price of corporate social irresponsibility in seasoned equity offerings: International evidence," The British Accounting Review, Elsevier, vol. 56(4).
    35. La Rosa, Fabio & Liberatore, Giovanni & Mazzi, Francesco & Terzani, Simone, 2018. "The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms," European Management Journal, Elsevier, vol. 36(4), pages 519-529.
    36. Csapi, Vivien & Ulbert, József & Tóth-Pajor, Ákos, 2024. "Golden ratio-based leverage targeting and the ESG performance of US and European listed firms," Research in International Business and Finance, Elsevier, vol. 71(C).
    37. Zhou, Xiao Yan & Caldecott, Ben & Shrimali, Gireesh & Zhang, Hanyu, 2025. "An empirical analysis of climate and environmental policy risk, the cost of debt and financial institutions' risk preferences," Energy Economics, Elsevier, vol. 144(C).
    38. Mauro Romano & Antonio Netti & Antonio Corvino & Marika Intenza, 2024. "Environmental innovation in healthcare industry: The moderating role of women on board in cost of debt," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1921-1933, May.
    39. Elena Nechita & Cristina Lidia Manea & Elena-Mirela Nichita & Alina-Mihaela Irimescu & Diana Manea, 2020. "Is Financial Information Influencing the Reporting on SDGs? Empirical Evidence from Central and Eastern European Chemical Companies," Sustainability, MDPI, vol. 12(21), pages 1-34, November.
    40. Marc Berninger & Paul Bossong & Dirk Schiereck & Marcel Steinhardt, 2023. "Too transparent for signalling? A global analysis of bond issues by property companies," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 3125-3145, September.
    41. Patrycja Chodnicka-Jaworska, 2021. "ESG as a Measure of Credit Ratings," Risks, MDPI, vol. 9(12), pages 1-26, December.
    42. Guillermo Badía & Maria C. Cortez & Luis Ferruz, 2020. "Socially responsible investing worldwide: Do markets value corporate social responsibility?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2751-2764, November.
    43. Jiangying Wei & Ridong Hu & Feng Chen, 2024. "The Path to Sustainable Stability: Can ESG Investing Mitigate the Spillover Effects of Risk in China’s Financial Markets?," Sustainability, MDPI, vol. 16(23), pages 1-25, November.
    44. Zhu, Steven X. & Cai, Kelly & Zhu, Hui, 2025. "Is corporate social responsibility priced into Yankee bonds?," Finance Research Letters, Elsevier, vol. 71(C).
    45. Hu, Shuo & Wang, Ailun & Du, Kerui, 2023. "Environmental tax reform and greenwashing: Evidence from Chinese listed companies," Energy Economics, Elsevier, vol. 124(C).
    46. Alves, Carlos Francisco & Meneses, Lilian Lima, 2024. "ESG scores and debt costs: Exploring indebtedness, agency costs, and financial system impact," International Review of Financial Analysis, Elsevier, vol. 94(C).
    47. Zhang, Dongyang, 2023. "Subsidy expiration and greenwashing decision: Is there a role of bankruptcy risk?," Energy Economics, Elsevier, vol. 118(C).
    48. Hao, Jing & Sun, Ran & Gong, Xu & Zhu, Xiaoyu (Ross), 2025. "ESG and stock price crash risk revisited: Evidence from mandatory ESG disclosure policy in China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    49. Wang, Ren & Bian, Yuxiang & Xiong, Xiong, 2024. "Impact of ESG preferences on investments and emissions in a DSGE framework," Economic Modelling, Elsevier, vol. 135(C).
    50. Huang, Kuo-Jui & Bui, Dien Giau & Hsu, Yuan-Teng & Lin, Chih-Yung, 2024. "The ESG washing in banks: Evidence from the syndicated loan market," Journal of International Money and Finance, Elsevier, vol. 142(C).
    51. Becker, Annette & Fatica, Serena & Rancan, Michela, 2025. "Not only green: Sustainability and debt capital markets," Journal of International Money and Finance, Elsevier, vol. 154(C).
    52. Srivastava, Jagriti & Sampath, Aravind & Gopalakrishnan, Balagopal, 2022. "Is ESG the key to unlock debt financing during the COVID-19 pandemic? International evidence," Finance Research Letters, Elsevier, vol. 49(C).
    53. Owolabi, Ayotola & Mousavi, Mohammad Mahdi & Gozgor, Giray & Li, Jing, 2024. "The impact of carbon risk on the cost of debt in the listed firms in G7 economies: The role of the Paris agreement," Energy Economics, Elsevier, vol. 139(C).
    54. Uz Zaman, Qamar & Ehsan, Sadaf & Hassan, Mohammad Kabir & Javed, Muzhar & Ul Hassan, Syed Iftikhar, 2022. "Corporate Social Responsibility and Zero Leverage," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(1), pages 33-46.
    55. Fafaliou, Irene & Konstantios, Dimitrios & Giaka, Maria & Polemis, Michael, 2024. "Does innovation drive corporate sustainability performance?," MPRA Paper 122576, University Library of Munich, Germany.
    56. Lorenzo Ardito, 2023. "The influence of firm digitalization on sustainable innovation performance and the moderating role of corporate sustainability practices: An empirical investigation," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5252-5272, December.
    57. Guillermo Badía & Fernando Gómez‐Bezares & Luis Ferruz, 2022. "Are investments in material corporate social responsibility issues a key driver of financial performance?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3987-4011, September.
    58. Maretno A. Harjoto & Andreas G. F. Hoepner & Marcus A. Nilsson, 2022. "Bondholders’ returns and stakeholders’ interests," Review of Quantitative Finance and Accounting, Springer, vol. 59(4), pages 1271-1301, November.
    59. Jiazhen Wang & Jing Yu & Rui Zhong, 2023. "Country environmental, social and governance performance and economic growth: The international evidence," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 3911-3941, December.
    60. Zhu, Bo & Wang, Yansen, 2024. "Does social trust affect firms' ESG performance?," International Review of Financial Analysis, Elsevier, vol. 93(C).
    61. Agnese, Paolo & Giacomini, Emanuela, 2023. "Bank's funding costs: Do ESG factors really matter?," Finance Research Letters, Elsevier, vol. 51(C).
    62. Diego P. Guisande & Maretno Agus Harjoto & Andreas G. F. Hoepner & Conall O’Sullivan, 2024. "Ethics and Banking: Do Banks Divest Their Kind?," Journal of Business Ethics, Springer, vol. 192(1), pages 191-223, June.
    63. Fiorillo, Paolo & Meles, Antonio & Ricciardi, Antonio & Verdoliva, Vincenzo, 2025. "ESG performance and the cost of debt. Evidence from the corporate bond market," International Review of Financial Analysis, Elsevier, vol. 102(C).
    64. Cojoianu, Theodor F. & Hoepner, Andreas G.F. & Lin, Yanan, 2022. "Private market impact investing firms: Ownership structure and investment style," International Review of Financial Analysis, Elsevier, vol. 84(C).
    65. Banerjee, Rajabrata & Gupta, Kartick & Mudalige, Priyantha, 2020. "Do environmentally sustainable practices lead to financially less constrained firms? International evidence," International Review of Financial Analysis, Elsevier, vol. 68(C).
    66. Gigante, Gimede & Manglaviti, Davide, 2022. "The ESG effect on the cost of debt financing: A sharp RD analysis," International Review of Financial Analysis, Elsevier, vol. 84(C).
    67. Carnevale, Concetta & Drago, Danilo, 2024. "Do banks price ESG risks? A critical review of empirical research," Research in International Business and Finance, Elsevier, vol. 69(C).
    68. Fafaliou, Irene & Giaka, Maria & Konstantios, Dimitrios & Polemis, Michael, 2020. "Revisiting the sustainability-innovation nexus: Lessons learned from the US," MPRA Paper 99834, University Library of Munich, Germany.
    69. Lutfi Abdul Razak & Mansor H. Ibrahim & Adam Ng, 2020. "Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures," JRFM, MDPI, vol. 13(12), pages 1-22, December.
    70. Abdullah S. Karaman & Ali Meftah Gerged & Ali Uyar, 2025. "Do creditors care about greening in corporations? Do contingencies matter?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1583-1609, April.
    71. Ratajczak Piotr & Mikołajewicz Grzegorz, 2021. "The impact of environmental, social and corporate governance responsibility on the cost of short-and long-term debt," Economics and Business Review, Sciendo, vol. 7(2), pages 74-96, June.
    72. Eliwa, Yasser & Aboud, Ahmed & Saleh, Ahmed, 2021. "ESG practices and the cost of debt: Evidence from EU countries," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 79(C).
    73. Wenxiu Hu & Jinzhu Du & Weiguo Zhang, 2020. "Corporate Social Responsibility Information Disclosure and Innovation Sustainability: Evidence from China," Sustainability, MDPI, vol. 12(1), pages 1-19, January.
    74. Capelle-Blancard, Gunther & Crifo, Patricia & Diaye, Marc-Arthur & Oueghlissi, Rim & Scholtens, Bert, 2019. "Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries," Journal of Banking & Finance, Elsevier, vol. 98(C), pages 156-169.
    75. Salvi, Antonio & Giakoumelou, Anastasia & Bertinetti, Giorgio Stefano, 2021. "CSR in the bond market: Pricing stakeholders and the moderating role of the institutional context," Global Finance Journal, Elsevier, vol. 50(C).
    76. Jerry Cao & Robert Faff & Jing He & Yong Li, 2022. "Who's Greenwashing Via the Media and What are the Consequences? Evidence From China," Abacus, Accounting Foundation, University of Sydney, vol. 58(4), pages 759-786, December.
    77. Juzhang Feng & Sha Tang & Junhao Zhong, 2024. "Can corporate environmental, social, and governance performance influence foreign institutional investors to hold shares? Evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4310-4330, July.
    78. Xiumei Xu & Ruolan Jing & Feifei Lu, 2022. "Environmental Regulation, Corporate Social Responsibility (CSR) Disclosure and Enterprise Green Innovation: Evidence from Listed Companies in China," IJERPH, MDPI, vol. 19(22), pages 1-24, November.
    79. Nidhin Mathath & Vinod Kumar & G. Balasubramanian, 2024. "The effect of Environmental, Social, and Governance disclosure on cost of debt: A life‐cycle perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 1883-1893, June.
    80. He, Feng & Duan, Lin & Cao, Yi & Wen, Shuyang, 2024. "Green credit policy and corporate climate risk exposure," Energy Economics, Elsevier, vol. 133(C).
    81. De Vincentiis, Paola, 2024. "ESG news, stock volatility and tactical disclosure," Research in International Business and Finance, Elsevier, vol. 68(C).
    82. Huang, Yin-Siang & Lu, You-Xun, 2022. "Corporate environmental responsibility, financial performance, and international bank loans: Evidence from China," MPRA Paper 111682, University Library of Munich, Germany.
    83. Liu, Lewis, 2024. "Analyst monitoring and information asymmetry reduction: U.S. evidence on environmental investment," Innovation and Green Development, Elsevier, vol. 3(1).
    84. Ayşe İrem Keskin & Banu Dincer & Caner Dincer, 2020. "Exploring the Impact of Sustainability on Corporate Financial Performance Using Discriminant Analysis," Sustainability, MDPI, vol. 12(6), pages 1-14, March.
    85. Shu, Hao & Tan, Weiqiang, 2023. "Does carbon control policy risk affect corporate ESG performance?," Economic Modelling, Elsevier, vol. 120(C).
    86. Tseng, Chih-Yang & Demirkan, Sebahattin, 2021. "Joint effect of CEO overconfidence and corporate social responsibility discretion on cost of equity capital," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(1).
    87. Daewoung Choi & Yong Kyu Gam & Hojong Shin, 2023. "Environmental reputation and bank liquidity: Evidence from climate transition," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(7-8), pages 1274-1304, July.
    88. Shang, Yuping & Xiao, Zisheng & Nasim, Asma & Zhao, Xin, 2025. "Influence of ESG on corporate debt default risk: An analysis of the dual risk scenarios," Journal of International Money and Finance, Elsevier, vol. 151(C).
    89. Wang, Jianye & Ke, Yubing & Sun, Lingxia & Liu, Huifen, 2024. "Speculative culture and corporate greenwashing: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    90. Lan Gao & Liang Wan, 2023. "Does corporate environmental responsibility contribute to financial performance? A dual path analysis through operational efficiency and the cost of debt," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 308-323, January.
    91. Danilo Drago & Concetta Carnevale, 2020. "Do CSR Ratings Affect Loan Spreads? Evidence from European Syndicated Loan Market," Sustainability, MDPI, vol. 12(18), pages 1-30, September.
    92. Nirosha Hewa Wellalage & Vijay Kumar, 2021. "Environmental performance and bank lending: Evidence from unlisted firms," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3309-3329, November.
    93. Marco Simões-Coelho & Ariane Roder Figueira & Eduardo Russo, 2023. "Motivations for a sustainable ethos: evidence from the globally present Brazilian multinational Natura &Co," Environment Systems and Decisions, Springer, vol. 43(3), pages 321-336, September.
    94. Youngtae Yoo, 2021. "Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    95. Zbigniew Korzeb & Paweł Niedziółka & Danuta Szpilko & Filippo Pietro, 2024. "ESG and climate-related risks versus traditional risks in commercial banking: A bibliometric and thematic review," Future Business Journal, Springer, vol. 10(1), pages 1-22, December.
    96. Jannik Gerwanski, 2020. "Does it pay off? Integrated reporting and cost of debt: European evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2299-2319, September.
    97. Meltem Kılıç & Hasan Emin Gurler & Ahmet Kaya & Chang Won Lee, 2022. "The Impact of Sustainability Performance on Financial Performance: Does Firm Size Matter? Evidence from Turkey and South Korea," Sustainability, MDPI, vol. 14(24), pages 1-19, December.
    98. Yang Stephanie Liu & Xiaoyan Zhou & Jessica Yang & Andreas Hoepner, 2016. "Corporate Carbon Emission and Financial Performance: Does Carbon Disclosure Mediate the Relationship in the UK?," ICMA Centre Discussion Papers in Finance icma-dp2016-03, Henley Business School, University of Reading.
    99. Xiaolu Hu & Angel Zhong & Youdan Cao & Wenlan Wang, 2024. "The impact of air pollution on cost of debt: Evidence from corporate bond markets," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(4), pages 3495-3533, December.

  4. Konstantina Kappou & Ioannis Oikonomou, 2012. "Is there a Gold Social Seal? The Financial Effects of Additions to and Deletions from Social Stock Indices," ICMA Centre Discussion Papers in Finance icma-dp2012-10, Henley Business School, University of Reading.

    Cited by:

    1. Jaballah, Jamil & Peillex, Jonathan & Weill, Laurent, 2018. "Is Being Sharia compliant worth it?," Economic Modelling, Elsevier, vol. 72(C), pages 353-362.
    2. Ioannis Oikonomou & Chao Yin & Lei Zhao, 2017. "Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct," ICMA Centre Discussion Papers in Finance icma-dp2017-06, Henley Business School, University of Reading.
    3. Adamska Agata & Dąbrowski Tomasz J. & Homa Magdalena & Mościbrodzka Monika & Tomaszewski Jacek, 2022. "Demutualization, Corporatization, and Sustainability Initiatives: Evidence from the European Stock Exchange Industry," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 30(3), pages 2-35, September.
    4. Agata Adamska & Tomasz J. Dąbrowski, 2025. "Does the Underlying Design of Environmental, Social, and Governance (ESG) Indices Affect Investor Reactions? The Role of Legitimacy and Reputation Effects," Sustainability, MDPI, vol. 17(9), pages 1-22, April.
    5. Olivian Bîltac, 2019. "Company's Social Performance Reporting Based on International Standards: A Comparative Analysis Across Central and Eastern Europe," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 149-167.
    6. Pablo Vilas & Laura Andreu & José Luis Sarto, 2021. "The Convergence between Sustainability and Conventional Stock Indices. Are We on the Right Track?," Sustainability, MDPI, vol. 13(14), pages 1-11, July.
    7. Galema, Rients & Gerritsen, Dirk, 2025. "ESG rating changes and stock returns," Journal of International Money and Finance, Elsevier, vol. 154(C).
    8. Luluk Widyawati, 2020. "A systematic literature review of socially responsible investment and environmental social governance metrics," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 619-637, February.
    9. Takashi Kanamura, 2023. "Clean energy and (E)SG investing from energy and environmental linkages," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9779-9819, September.
    10. Selena Aureli & Sabrina Gigli & Renato Medei & Enrico Supino, 2020. "The value relevance of environmental, social, and governance disclosure: Evidence from Dow Jones Sustainability World Index listed companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 43-52, January.
    11. Konstantina Kappou, 2018. "The diminished effect of index rebalances," Journal of Asset Management, Palgrave Macmillan, vol. 19(4), pages 235-244, July.
    12. Barontini, Roberto & Gioja, Luigi, 2025. "The market power of ESG index providers: The effects of rebalancing ESG-themed indices," Research in International Business and Finance, Elsevier, vol. 77(PA).
    13. Juan Pineiro-Chousa & Noelia Romero-Castro & Marcos Vizcaíno-González, 2019. "Inclusions in and Exclusions from the S&P 500 Environmental and Socially Responsible Index: A Fuzzy-Set Qualitative Comparative Analysis," Sustainability, MDPI, vol. 11(4), pages 1-31, February.
    14. Kanamura, Takashi, 2025. "A quantitative model of sustainability risk in finance," Journal of Commodity Markets, Elsevier, vol. 37(C).
    15. Rudkin, Wanling & Cai, Charlie X., 2023. "Information content of sustainability index recomposition: A synthetic portfolio approach," International Review of Financial Analysis, Elsevier, vol. 88(C).
    16. Kais Bouslah & Lawrence Kryzanowski & Bouchra M’Zali, 2018. "Social Performance and Firm Risk: Impact of the Financial Crisis," Journal of Business Ethics, Springer, vol. 149(3), pages 643-669, May.
    17. Sarah Tiba & Frank J. van Rijnsoever & Marko P. Hekkert, 2019. "Firms with benefits: A systematic review of responsible entrepreneurship and corporate social responsibility literature," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 265-284, March.

  5. Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2012. "The interactive financial effects between corporate social responsibility and irresponsibility," ICMA Centre Discussion Papers in Finance icma-dp2012-02, Henley Business School, University of Reading.

    Cited by:

    1. Windsor, Duane, 2013. "Corporate social responsibility and irresponsibility: A positive theory approach," Journal of Business Research, Elsevier, vol. 66(10), pages 1937-1944.
    2. Brooks, Chris & Godfrey, Chris & Hillenbrand, Carola & Money, Kevin, 2016. "Do investors care about corporate taxes?," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 218-248.
    3. Marion Dupire & Bouchra M’Zali, 2018. "CSR Strategies in Response to Competitive Pressures," Journal of Business Ethics, Springer, vol. 148(3), pages 603-623, March.

  6. Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2010. "The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis," ICMA Centre Discussion Papers in Finance icma-dp2010-12, Henley Business School, University of Reading.

    Cited by:

    1. Fabrizio Rossi & Maretno Agus Harjoto, 2020. "Corporate non-financial disclosure, firm value, risk, and agency costs: evidence from Italian listed companies," Review of Managerial Science, Springer, vol. 14(5), pages 1149-1181, October.
    2. Nidhi Bansal & Anil K. Sharma, 2016. "Audit Committee, Corporate Governance and Firm Performance: Empirical Evidence from India," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 103-116, March.
    3. Nguyen, Dat Thanh & Tran, Vuong Thao & Phan, Dinh Hoang Bach, 2023. "Does green activity impact stock price crash risk? The role of climate risk," Finance Research Letters, Elsevier, vol. 55(PA).
    4. Bae, Sung C. & Chang, Kiyoung & Yi, Ha-Chin, 2018. "Are more corporate social investments better? Evidence of non-linearity effect on costs of U.S. Bank loans," Global Finance Journal, Elsevier, vol. 38(C), pages 82-96.
    5. Maquieira, Carlos P. & Arias, José T. & Espinosa-Méndez, Christian, 2024. "The impact of ESG on the default risk of family firms: International evidence," Research in International Business and Finance, Elsevier, vol. 67(PA).
    6. Francesco Gangi & Lucia Michela Daniele & Nicola Varrone, 2020. "How do corporate environmental policy and corporate reputation affect risk‐adjusted financial performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 1975-1991, July.
    7. Boubaker, Sabri & Chebbi, Kaouther & Grira, Jocelyn, 2020. "Top management inside debt and corporate social responsibility? Evidence from the US," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 98-115.
    8. Remmer Sassen & Anne-Kathrin Hinze & Inga Hardeck, 2016. "Impact of ESG factors on firm risk in Europe," Journal of Business Economics, Springer, vol. 86(8), pages 867-904, November.
    9. Alice Monti & Pierpaolo Pattitoni & Barbara Petracci & Otto Randl, 2022. "Does corporate social responsibility impact equity risk? International evidence," Review of Quantitative Finance and Accounting, Springer, vol. 59(3), pages 825-855, October.
    10. Bouslah, Kais & Kryzanowski, Lawrence & M’Zali, Bouchra, 2013. "The impact of the dimensions of social performance on firm risk," Journal of Banking & Finance, Elsevier, vol. 37(4), pages 1258-1273.
    11. Jan Diebecker & Friedrich Sommer, 2017. "The impact of corporate sustainability performance on information asymmetry: the role of institutional differences," Review of Managerial Science, Springer, vol. 11(2), pages 471-517, March.
    12. Mussa Hussaini & Ugo Rigoni & Paolo Perego, 2023. "The strategic choice of payment method in takeovers: The role of environmental, social and governance performance," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 200-219, January.
    13. Danilo Drago & Concetta Carnevale & Raffaele Gallo, 2019. "Do corporate social responsibility ratings affect credit default swap spreads?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 644-652, May.
    14. Jadiyappa, Nemiraja & Chavda, Mrunal Prabhudas & Jijo Lukose, P.J., 2024. "The impact of mandatory CSR regulation on corporate financial policy: Evidence from India," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    15. Stefanou Spiro E. & Puggioni Daniela, 2018. "The Value of Being Socially Responsible. A Primal-Dual Approach," Working Papers 2018-12, Banco de México.
    16. Tesfaye T. Lemma & Ayalew Lulseged & Mohammad Tavakolifar, 2021. "Corporate commitment to climate change action, carbon risk exposure, and a firm's debt financing policy," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3919-3936, December.
    17. Petrillo, Antonella & De Felice, Fabio & García-Melón, Mónica & Pérez-Gladish, Blanca, 2016. "Investing in socially responsible mutual funds: Proposal of non-financial ranking in Italian market," Research in International Business and Finance, Elsevier, vol. 37(C), pages 541-555.
    18. Jinhua Cui & Hoje Jo & Manuel G. Velasquez, 2016. "Community Religion, Employees, and the Social License to Operate," Journal of Business Ethics, Springer, vol. 136(4), pages 775-807, July.
    19. Mohammed Benlemlih & Isabelle Girerd-Potin, 2017. "Corporate social responsibility and firm financial risk reduction: On the moderating role of the legal environment," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 44(7-8), pages 1137-1166, July.
    20. Kiyoung Chang & Incheol Kim & Ying Li, 2014. "The Heterogeneous Impact of Corporate Social Responsibility Activities That Target Different Stakeholders," Journal of Business Ethics, Springer, vol. 125(2), pages 211-234, December.
    21. Huaming Du & Xingyan Chen & Yu Zhao & Qing Li & Fuzhen Zhuang & Fuji Ren & Gang Kou, 2022. "A Comprehensive Survey on Enterprise Financial Risk Analysis from Big Data Perspective," Papers 2211.14997, arXiv.org, revised Mar 2025.
    22. Benjamin Lynch & Martha O'Hagan‐Luff, 2024. "Relative corporate social performance and cost of equity capital: International evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2882-2910, July.
    23. Cellier, Alexis & Chollet, Pierre, 2016. "The effects of social ratings on firm value," Research in International Business and Finance, Elsevier, vol. 36(C), pages 656-683.
    24. Nguyen La Soa & Do Duc Duy & Tran Thi Thanh Hang & Nguyen Dieu Ha, 2024. "The Impact of Environmental Accounting Information Disclosure on Financial Risk: The Case of Listed Companies in the Vietnam Stock Market," JRFM, MDPI, vol. 17(2), pages 1-17, February.
    25. Maretno Harjoto & Indrarini Laksmana & Robert Lee, 2015. "Board Diversity and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 132(4), pages 641-660, December.
    26. Mohammed Benlemlih, 2017. "Corporate Social Responsibility and Firm Debt Maturity," Journal of Business Ethics, Springer, vol. 144(3), pages 491-517, September.
    27. Tzouvanas, Panagiotis & Mamatzakis, Emmanuel C., 2021. "Does it pay to invest in environmental stocks?," International Review of Financial Analysis, Elsevier, vol. 77(C).
    28. Maretno Harjoto & Indrarini Laksmana, 2018. "The Impact of Corporate Social Responsibility on Risk Taking and Firm Value," Journal of Business Ethics, Springer, vol. 151(2), pages 353-373, August.
    29. Wang, Kun Tracy & Sun, Aonan, 2022. "Institutional ownership stability and corporate social performance," Finance Research Letters, Elsevier, vol. 47(PA).
    30. Michael Mayberry, 2020. "Good for managers, bad for society? Causal evidence on the association between risk‐taking incentives and corporate social responsibility," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(9-10), pages 1182-1214, October.
    31. Lin-Hi, Nick & Müller, Karsten, 2013. "The CSR bottom line: Preventing corporate social irresponsibility," Journal of Business Research, Elsevier, vol. 66(10), pages 1928-1936.
    32. Noor Muhammad & Frank Scrimgeour & Krishna Reddy & Sazali Abidin, 2015. "The Impact of Corporate Environmental Performance on Market Risk: The Australian Industry Case," Journal of Business Ethics, Springer, vol. 132(2), pages 347-362, December.
    33. D’Ecclesia, Rita Laura & Levantesi, Susanna & Stefanelli, Kevyn, 2024. "Measuring business impacts on the sustainability of European-listed firms," Socio-Economic Planning Sciences, Elsevier, vol. 96(C).
    34. Alessi, Lucia & Ossola, Elisa & Panzica, Roberto, 2021. "What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures," Journal of Financial Stability, Elsevier, vol. 54(C).
    35. Wong, Jin Boon & Zhang, Qin, 2024. "ESG reputation risks, cash holdings, and payout policies," Finance Research Letters, Elsevier, vol. 59(C).
    36. Azimli, Asil, 2023. "The impact of climate policy uncertainty on firm value: Does corporate social responsibility engagement matter?," Finance Research Letters, Elsevier, vol. 51(C).
    37. Xiaolan Bao & Qiaosheng Luo & Sicheng Li & M. James C. Crabbe & XiaoGuang Yue, 2020. "Corporate Social Responsibility and Maturity Mismatch of Investment and Financing: Evidence from Polluting and Non-Polluting Companies," Sustainability, MDPI, vol. 12(12), pages 1-22, June.
    38. Koskinen, Yrjö & Albuquerque, Rui & Zhang, Chendi, 2013. "Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence," CEPR Discussion Papers 9533, C.E.P.R. Discussion Papers.
    39. Gu, Leilei & Liu, Zhongyang & Xu, Danyang, 2023. "The risk-mitigating role of corporate social responsibility in Chinese listed heavy-polluting companies: An extreme event experience perspective," Energy Economics, Elsevier, vol. 125(C).
    40. Gamze Ozturk Danisman & Amine Tarazi, 2024. "ESG activity and bank lending during financial crises," Post-Print hal-04618475, HAL.
    41. Price, Joseph M. & Sun, Wenbin, 2017. "Doing good and doing bad: The impact of corporate social responsibility and irresponsibility on firm performance," Journal of Business Research, Elsevier, vol. 80(C), pages 82-97.
    42. Abhi Bhattacharya & Valerie Good & Hanieh Sardashti & John Peloza, 2021. "Beyond Warm Glow: The Risk-Mitigating Effect of Corporate Social Responsibility (CSR)," Journal of Business Ethics, Springer, vol. 171(2), pages 317-336, June.
    43. Laksmana, Indrarini & Harjoto, Maretno A. & Kim, Hoyoung, 2023. "Managing disclosure of political risk: The case of socially responsible firms," Journal of Business Research, Elsevier, vol. 154(C).
    44. Cao Thi Mien Thuy & Nguyen Vinh Khuong & Nguyen Thanh Liem, 2021. "Corporate Social Responsibility Disclosure and Its Effect on Firm Risk: An Empirical Research on Vietnamese Firms," Sustainability, MDPI, vol. 13(22), pages 1-13, November.
    45. Mustafa Hakan Eratalay & Ariana Paola Cortés à ngel, 2022. "The Impact Of Esg Ratings On The Systemic Risk Of European Blue-Chip Firms," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 139, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    46. Mishra, Geeti & Patro, Archana & Tiwari, Aviral Kumar, 2024. "Does climate governance moderate the relationship between ESG reporting and firm value? Empirical evidence from India," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 920-941.
    47. Hsu, Bo-Xiang & Chen, Yi-Min & Chen, Li-An (Leann), 2022. "Corporate social responsibility and value added in the supply chain: Model and mechanism," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    48. Mohammed Benlemlih & Isabelle Girerd-Potin, 2017. "Corporate social responsibility and firm financial risk reduction: On the moderating role of the legal environment," Post-Print hal-01977064, HAL.
    49. Bert Scholtens & Sophie van’t Klooster, 2019. "Sustainability and bank risk," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-8, December.
    50. Li, Zhensheng & Zhu, Junpeng & Wang, Shuqiong, 2024. "Environmental regulation, intelligent manufacturing and corporate investment & financing: Evidence from industrial robot investment," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    51. Xiong, Mengxu & Liu, Chen & Xiang, Junyi, 2024. "How financial derivatives affect energy firms' ESG," Energy Economics, Elsevier, vol. 140(C).
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    53. Alexis Cellier & Pierre Chollet & Souad Lajili Jarjir, 2013. "New empirical evidence on market reactions to changes in Socially Responsible Investment indexes," Post-Print hal-01367120, HAL.
    54. Francesco Gangi & Antonio Meles & Eugenio D'Angelo & Lucia Michela Daniele, 2019. "Sustainable development and corporate governance in the financial system: Are environmentally friendly banks less risky?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 529-547, May.
    55. Fabio Korinth & Rainer Lueg, 2022. "Corporate Sustainability and Risk Management—The U-Shaped Relationships of Disaggregated ESG Rating Scores and Risk in the German Capital Market," Sustainability, MDPI, vol. 14(9), pages 1-15, May.
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    57. Aida Maria Ismail & Izrul Haida Mohd Latiff, 2019. "Board Diversity and Corporate Sustainability Practices: Evidence on Environmental, Social and Governance (ESG) Reporting," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 31-50, May.
    58. Patricia Crifo & Marc-Arthur Diaye & Rim Oueghlissi, 2017. "Measuring the effect of government ESG performance on sovereign borrowing cost," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01549820, HAL.
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    60. Liu Wu & Zhen Shao & Changhui Yang & Tao Ding & Wan Zhang, 2020. "The Impact of CSR and Financial Distress on Financial Performance—Evidence from Chinese Listed Companies of the Manufacturing Industry," Sustainability, MDPI, vol. 12(17), pages 1-19, August.
    61. Meles, Antonio & Salerno, Dario & Sampagnaro, Gabriele & Verdoliva, Vincenzo & Zhang, Jianing, 2023. "The influence of green innovation on default risk: Evidence from Europe," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 692-710.
    62. Fernando Gómez-Bezares & Wojciech Przychodzen & Justyna Przychodzen, 2016. "Corporate Sustainability and Shareholder Wealth—Evidence from British Companies and Lessons from the Crisis," Sustainability, MDPI, vol. 8(3), pages 1-22, March.
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    68. Li, Ying & Holland, A. Steven & Kazemi, Hossein B., 2019. "Duration of poor performance and risk shifting by hedge fund managers," Global Finance Journal, Elsevier, vol. 40(C), pages 35-47.
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    70. Arman Mergaliyev & Mehmet Asutay & Alija Avdukic & Yusuf Karbhari, 2021. "Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants," Journal of Business Ethics, Springer, vol. 170(4), pages 797-834, May.
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    202. Oikonomou, Ioannis & Platanakis, Emmanouil & Sutcliffe, Charles, 2018. "Socially responsible investment portfolios: Does the optimization process matter?," The British Accounting Review, Elsevier, vol. 50(4), pages 379-401.
    203. Danilo Drago & Concetta Carnevale, 2020. "Do CSR Ratings Affect Loan Spreads? Evidence from European Syndicated Loan Market," Sustainability, MDPI, vol. 12(18), pages 1-30, September.
    204. Jareño, Francisco & Esparcia, Carlos & Fantini, Giulia, 2024. "Risk exposure in ESG-driven portfolios: A wavelet study within the tail-concerned insurance sector," Finance Research Letters, Elsevier, vol. 67(PB).
    205. Muhammad Atif & Benjamin Liu & Sivathaasan Nadarajah, 2022. "The effect of corporate environmental, social and governance disclosure on cash holdings: Life‐cycle perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2193-2212, July.
    206. Mio, Chiara & Fasan, Marco & Scarpa, Francesco, 2023. "Materiality investor perspectives on utilities’ ESG performance. An empirical analysis of ESG factors and cost of equity," Utilities Policy, Elsevier, vol. 82(C).
    207. Muhammad Arif & Christopher Gan & Hussein Ahmed Bataineh, 2024. "Global evidence on the association between environmental, social, and governance disclosures and future earnings risk," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2497-2517, March.
    208. Li Cai & Jinhua Cui & Hoje Jo, 2016. "Corporate Environmental Responsibility and Firm Risk," Journal of Business Ethics, Springer, vol. 139(3), pages 563-594, December.
    209. Oscar V. De la Torre-Torres, 2024. "The cost of doing nothing: Testing the benefits of water disposal risk reduction with water management Activism investing in Latin America," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(2), pages 1-27, Abril - J.
    210. Lu, Hao & Oh, Won-Yong & Kleffner, Anne & Chang, Young Kyun, 2021. "How do investors value corporate social responsibility? Market valuation and the firm specific contexts," Journal of Business Research, Elsevier, vol. 125(C), pages 14-25.
    211. Thomas A. Worae & Collins C. Ngwakwe, 2018. "Accounting and Market Value Implications of Business Environmental Initiative: The Case of JSE’s SRI Firms," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 14(4), pages 88-98, AUGUST.
    212. Monica Singhania & Dimple Gupta, 2024. "Impact of Environmental, Social and Governance (ESG) disclosure on firm risk: A meta‐analytical review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3573-3613, July.
    213. Sila, Vathunyoo & Gonzalez, Angelica & Hagendorff, Jens, 2016. "Women on board: Does boardroom gender diversity affect firm risk?," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 26-53.
    214. Afef Bouattour & Maha Kalai & Kamel Helali, 2024. "The non-linear relationship between ESG performance and bank stability in the digital era: new evidence from a regime-switching approach," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    215. Cai, Ye & Pan, Carrie H. & Statman, Meir, 2016. "Why do countries matter so much in corporate social performance?," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 591-609.
    216. Shakil, Mohammad Hassan, 2021. "Environmental, social and governance performance and financial risk: Moderating role of ESG controversies and board gender diversity," Resources Policy, Elsevier, vol. 72(C).
    217. Kais Bouslah & Lawrence Kryzanowski & Bouchra M’Zali, 2018. "Social Performance and Firm Risk: Impact of the Financial Crisis," Journal of Business Ethics, Springer, vol. 149(3), pages 643-669, May.
    218. Isabelle Girerd-Potin & Sonia Jimenez-Garcès & Pascal Louvet, 2014. "Which Dimensions of Social Responsibility Concern Financial Investors?," Journal of Business Ethics, Springer, vol. 121(4), pages 559-576, June.
    219. MCarmen Martínez‐Victoria & Alfons Oude Lansink, 2024. "Risk and return efficiency of manufacturing firms: Integrating corporate social responsibility performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3735-3744, September.
    220. Cheong, Calvin W.H. & Sinnakkannu, Jothee & Ramasamy, Sockalingam, 2017. "Reactive or proactive? Investor sentiment as a driver of corporate social responsibility," Research in International Business and Finance, Elsevier, vol. 42(C), pages 572-582.
    221. Annalisa Ferrari & Antonino Buscemi, 2023. "Sustainability Metrics and Green Finance for Chemicals," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 13(6), pages 1-12.
    222. Jinhua Cui & Hoje Jo & Haejung Na, 2018. "Does Corporate Social Responsibility Affect Information Asymmetry?," Journal of Business Ethics, Springer, vol. 148(3), pages 549-572, March.
    223. D'Souza, Reagan & Ho, Choy Yeing (Chloe) & Yang, Joey W., 2024. "The cost of corporate social irresponsibility for acquirers," Journal of Banking & Finance, Elsevier, vol. 162(C).
    224. Alfonso Del Giudice & Silvia Rigamonti, 2020. "Does Audit Improve the Quality of ESG Scores? Evidence from Corporate Misconduct," Sustainability, MDPI, vol. 12(14), pages 1-16, July.
    225. Zhihong Mao & Siyang Wang & Yu‐En Lin, 2024. "ESG, ESG rating divergence and earnings management: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3328-3347, July.
    226. Chen, Lujie & Feldmann, Andreas & Tang, Ou, 2015. "The relationship between disclosures of corporate social performance and financial performance: Evidences from GRI reports in manufacturing industry," International Journal of Production Economics, Elsevier, vol. 170(PB), pages 445-456.
    227. Kim, Moshe & Surroca, Jordi & Tribó, Josep A., 2014. "Impact of ethical behavior on syndicated loan rates," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 122-144.
    228. Jannik Gerwanski, 2020. "Does it pay off? Integrated reporting and cost of debt: European evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2299-2319, September.
    229. Yang Stephanie Liu & Xiaoyan Zhou & Jessica Yang & Andreas Hoepner, 2016. "Corporate Carbon Emission and Financial Performance: Does Carbon Disclosure Mediate the Relationship in the UK?," ICMA Centre Discussion Papers in Finance icma-dp2016-03, Henley Business School, University of Reading.
    230. Soh Young In & Young Joon Lee & Robert G. Eccles, 2024. "Looking back and looking forward: A scientometric analysis of the evolution of corporate sustainability research over 47 years," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2225-2259, May.
    231. Landi, Giovanni Catello & Turriziani, Lorenzo & Muto, Valerio & Ricciardi, Irene, 2024. "Exploring the nexus between ESG risk variations and investment preferences: Insights from sustainable ETFs during the COVID-19 era," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    232. Ragnar L Gudmundarson & Gareth W Peters, 2024. "Assessing portfolio diversification via two-sample graph kernel inference. A case study on the influence of ESG screening," PLOS ONE, Public Library of Science, vol. 19(4), pages 1-59, April.

Articles

  1. Andreas G F Hoepner & Ioannis Oikonomou & Zacharias Sautner & Laura T Starks & Xiao Y Zhou, 2024. "ESG shareholder engagement and downside risk," Review of Finance, European Finance Association, vol. 28(2), pages 483-510.
    See citations under working paper version above.
  2. Alexandridis, George & Hoepner, Andreas G.F. & Huang, Zhenyi & Oikonomou, Ioannis, 2022. "Corporate social responsibility culture and international M&As," The British Accounting Review, Elsevier, vol. 54(1).

    Cited by:

    1. Liu, Shujie & Sualihu, Mohammed Aminu & Sun, Mingwei & Yawson, Alfred, 2024. "Exploring the acquisition behavior of penny stock firms," The British Accounting Review, Elsevier, vol. 56(6).
    2. Huang, Qiongyu & Zhang, Ruiyao & Li, Siyao & Li, Jingjing & Yao, Qiong, 2024. "The role of financial advisorʼs industry expertise in M&A quality: Evidence from goodwill impairment," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 216-231.
    3. Feng, Hongxia & Yang, Bowen & Bhandari, Pratikshya, 2024. "The influence of CSR on cross-border mergers and acquisitions," Finance Research Letters, Elsevier, vol. 70(C).
    4. Siganos, Antonios, 2024. "Climate theory & managerial decisions on cross-border mergers," The British Accounting Review, Elsevier, vol. 56(1).

  3. Ioannis Oikonomou & Chao Yin & Lei Zhao, 2020. "Investment horizon and corporate social performance: the virtuous circle of long-term institutional ownership and responsible firm conduct," The European Journal of Finance, Taylor & Francis Journals, vol. 26(1), pages 14-40, January.
    See citations under working paper version above.
  4. Oikonomou, Ioannis & Stancu, Andrei & Symeonidis, Lazaros & Wese Simen, Chardin, 2019. "The information content of short-term options," Journal of Financial Markets, Elsevier, vol. 46(C).

    Cited by:

    1. Zhang, Junyu & Ruan, Xinfeng & Zhang, Jin E., 2023. "Do short-term market swings improve realized volatility forecasts?," Finance Research Letters, Elsevier, vol. 58(PD).
    2. Dimos Kambouroudis & David McMillan & Katerina Tsakou, 2019. "Forecasting Realized Volatility: The role of implied volatility, leverage effect, overnight returns and volatility of realized volatility," Working Papers 2019-03, Swansea University, School of Management.
    3. Chen, Sipeng & Li, Gang, 2023. "Why does option-implied volatility forecast realized volatility? Evidence from news events," Journal of Banking & Finance, Elsevier, vol. 156(C).
    4. Zhang, Junyu & Ruan, Xinfeng, 2025. "Inferring jump dynamics from weekly options: A non-parametric method," Finance Research Letters, Elsevier, vol. 76(C).
    5. Ging-Ginq Pan & Yung-Ming Shiu & Tu-Cheng Wu, 2025. "Time-varying predictability of TAIEX volatility," Review of Derivatives Research, Springer, vol. 28(2), pages 1-28, July.

  5. Oikonomou, Ioannis & Platanakis, Emmanouil & Sutcliffe, Charles, 2018. "Socially responsible investment portfolios: Does the optimization process matter?," The British Accounting Review, Elsevier, vol. 50(4), pages 379-401.

    Cited by:

    1. Gallucci, Carmen & Santulli, Rosalia & Lagasio, Valentina, 2022. "The conceptualization of environmental, social and governance risks in portfolio studies A systematic literature review," Socio-Economic Planning Sciences, Elsevier, vol. 84(C).
    2. Karime Chahuán-Jiménez, 2020. "Correlation between the DJSI Chile and the Financial Indices of Chilean Companies," IJFS, MDPI, vol. 8(4), pages 1-14, November.
    3. Christos Alexakis & Dimitris Kenourgios & Vasileios Pappas & Athina Petropoulou, 2021. "From dotcom to Covid-19: A convergence analysis of Islamic investments," Post-Print hal-03347374, HAL.
    4. Platanakis, Emmanouil & Sutcliffe, Charles & Ye, Xiaoxia, 2021. "Horses for courses: Mean-variance for asset allocation and 1/N for stock selection," European Journal of Operational Research, Elsevier, vol. 288(1), pages 302-317.
    5. Mercedes Alda, 2025. "Importance of portfolio optimization in SRI and conventional pension funds," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-37, December.
    6. Gao, Yang & Li, Yangyang & Zhao, Chengjie & Wang, Yaojun, 2022. "Risk spillover analysis across worldwide ESG stock markets: New evidence from the frequency-domain," The North American Journal of Economics and Finance, Elsevier, vol. 59(C).
    7. Urquhart, Andrew & Zhang, Hanxiong, 2019. "The performance of technical trading rules in Socially Responsible Investments," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 397-411.
    8. Ghaemi Asl, Mahdi & Rashidi, Muhammad Mahdi & Tavakkoli, Hamid Raza & Rezgui, Hichem, 2024. "Does Islamic investing modify portfolio performance? Time-varying optimization strategies for conventional and Shariah energy-ESG-utilities portfolio," The Quarterly Review of Economics and Finance, Elsevier, vol. 94(C), pages 37-57.
    9. Platanakis, Emmanouil & Urquhart, Andrew, 2019. "Portfolio management with cryptocurrencies: The role of estimation risk," Economics Letters, Elsevier, vol. 177(C), pages 76-80.
    10. Tatarnikova, Olga & Duchêne, Sébastien & Sentis, Patrick & Willinger, Marc, 2023. "Portfolio instability and socially responsible investment: Experiments with financial professionals and students," Journal of Economic Dynamics and Control, Elsevier, vol. 153(C).
    11. Orlando Gomes, 2020. "Optimal growth under socially responsible investment: a dynamic theoretical model of the trade-off between financial gains and emotional rewards," International Journal of Corporate Social Responsibility, Springer, vol. 5(1), pages 1-17, December.
    12. Kanwal Iqbal Khan & Syed M. Waqar Azeem Naqvi & Muhammad Mudassar Ghafoor & Rana Shahid Imdad Akash, 2020. "Sustainable Portfolio Optimization with Higher-Order Moments of Risk," Sustainability, MDPI, vol. 12(5), pages 1-14, March.
    13. Pei‐Chi Kelly Hsiao & Charl de Villiers & Claire Horner & Hein Oosthuizen, 2022. "A review and synthesis of contemporary sustainability accounting research and the development of a research agenda," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4453-4483, December.
    14. Lev S. Mazelis & Andrey A. Krasko & Elena V. Krasova, 2021. "Distribution of financial resources by areas of investments in the human capital of the region," Economic Consultant, Scientific and Educational Initiative LLC, vol. 36(4), pages 4-16.
    15. K. Liagkouras & K. Metaxiotis & G. Tsihrintzis, 2022. "Incorporating environmental and social considerations into the portfolio optimization process," Annals of Operations Research, Springer, vol. 316(2), pages 1493-1518, September.
    16. Wu, Qun & Liu, Xinwang & Qin, Jindong & Zhou, Ligang & Mardani, Abbas & Deveci, Muhammet, 2022. "An integrated multi-criteria decision-making and multi-objective optimization model for socially responsible portfolio selection," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    17. Hu, Haoshen & Lazar, Emese & Pan, Jingqi & Wang, Shixuan, 2024. "Environmental performance and credit ratings: A transatlantic study," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    18. Platanakis, Emmanouil & Urquhart, Andrew, 2020. "Should investors include Bitcoin in their portfolios? A portfolio theory approach," The British Accounting Review, Elsevier, vol. 52(4).
    19. Eduardo C. Garrido-Merch'an & Gabriel Gonz'alez Piris & Maria Coronado Vaca, 2023. "Bayesian Optimization of ESG Financial Investments," Papers 2303.01485, arXiv.org.
    20. Pierdomenico Duttilo & Stefano Antonio Gattone & Barbara Iannone, 2024. "Mixtures of generalized normal distributions and EGARCH models to analyse returns and volatility of ESG and traditional investments," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 108(4), pages 755-775, December.
    21. Mirza, Nawazish & Naeem, Muhammad Abubakr & Ha Nguyen, Thi Thu & Arfaoui, Nadia & Oliyide, Johnson A., 2023. "Are sustainable investments interdependent? The international evidence," Economic Modelling, Elsevier, vol. 119(C).
    22. Newton, David & Platanakis, Emmanouil & Stafylas, Dimitrios & Sutcliffe, Charles & Ye, Xiaoxia, 2021. "Hedge fund strategies, performance &diversification: A portfolio theory & stochastic discount factor approach," The British Accounting Review, Elsevier, vol. 53(5).
    23. Barua, Ronil & Sharma, Anil K., 2022. "Dynamic Black Litterman portfolios with views derived via CNN-BiLSTM predictions," Finance Research Letters, Elsevier, vol. 49(C).
    24. Umar, Zaghum & Kenourgios, Dimitris & Papathanasiou, Sypros, 2020. "The static and dynamic connectedness of environmental, social, and governance investments: International evidence," Economic Modelling, Elsevier, vol. 93(C), pages 112-124.
    25. Muñoz, Fernando, 2021. "Carbon-intensive industries in Socially Responsible mutual funds' portfolios," International Review of Financial Analysis, Elsevier, vol. 75(C).
    26. Mohd Ziaur Rehman & Md Zulquar Nain & Mohammed Alhashim & Javed Ahmad Bhat, 2024. "Choice between Sustainable versus Conventional Investments—Relative Efficiency Analysis from Global and Regional Stock Markets," Sustainability, MDPI, vol. 16(13), pages 1-25, June.
    27. Platanakis, Emmanouil & Sutcliffe, Charles & Urquhart, Andrew, 2018. "Optimal vs naïve diversification in cryptocurrencies," Economics Letters, Elsevier, vol. 171(C), pages 93-96.
    28. Jan Svanberg & Tohid Ardeshiri & Isak Samsten & Peter Öhman & Presha E. Neidermeyer & Tarek Rana & Natalia Semenova & Mats Danielson, 2022. "Corporate governance performance ratings with machine learning," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 29(1), pages 50-68, January.
    29. Lev S. Mazelis & Andrey A. Krasko & Elena V. Krasova, 2019. "Dynamic optimization model of financial resources distribution for accelerated promotion to the regional human capital development," Economic Consultant, Scientific and Educational Initiative LLC, vol. 28(4), pages 21-30.
    30. Barua, Ronil & Sharma, Anil K., 2023. "Using fear, greed and machine learning for optimizing global portfolios: A Black-Litterman approach," Finance Research Letters, Elsevier, vol. 58(PC).
    31. Ming-Lang Tseng & Phan Anh Tan & Shiou-Yun Jeng & Chun-Wei Remen Lin & Yeneneh Tamirat Negash & Susilo Nur Aji Cokro Darsono, 2019. "Sustainable Investment: Interrelated among Corporate Governance, Economic Performance and Market Risks Using Investor Preference Approach," Sustainability, MDPI, vol. 11(7), pages 1-15, April.
    32. S. Yfanti & M. Karanasos & J. Wu & P. Vourvachis, 2025. "Short- and long-run cross-border European sustainability interdependences," Annals of Operations Research, Springer, vol. 347(1), pages 579-610, April.
    33. Jane Andrew & Max Baker, 2020. "Corporate Social Responsibility Reporting: The Last 40 Years and a Path to Sharing Future Insights," Abacus, Accounting Foundation, University of Sydney, vol. 56(1), pages 35-65, March.

  6. Andreas Hoepner & Ioannis Oikonomou & Bert Scholtens & Michael Schröder, 2016. "The Effects of Corporate and Country Sustainability Characteristics on The Cost of Debt: An International Investigation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 43(1-2), pages 158-190, January.
    See citations under working paper version above.
  7. Konstantina Kappou & Ioannis Oikonomou, 2016. "Is There a Gold Social Seal? The Financial Effects of Additions to and Deletions from Social Stock Indices," Journal of Business Ethics, Springer, vol. 133(3), pages 533-552, February.
    See citations under working paper version above.
  8. Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2014. "The Financial Effects of Uniform and Mixed Corporate Social Performance," Journal of Management Studies, Wiley Blackwell, vol. 51(6), pages 898-925, September.

    Cited by:

    1. Changhee Lee & Dan Palmon & Ari Yezegel, 2018. "The Corporate Social Responsibility Information Environment: Examining the Value of Financial Analysts’ Recommendations," Journal of Business Ethics, Springer, vol. 150(1), pages 279-301, June.
    2. Price, Joseph M. & Sun, Wenbin, 2017. "Doing good and doing bad: The impact of corporate social responsibility and irresponsibility on firm performance," Journal of Business Research, Elsevier, vol. 80(C), pages 82-97.
    3. Jacob Brower & Peter A. Dacin, 2020. "An Institutional Theory Approach to the Evolution of the Corporate Social Performance – Corporate Financial Performance Relationship," Journal of Management Studies, Wiley Blackwell, vol. 57(4), pages 805-836, June.
    4. Chen, Chung-Jen & Guo, Ruey-Shan & Hsiao, Yung-Chang & Chen, Kuo-Liang, 2018. "How business strategy in non-financial firms moderates the curvilinear effects of corporate social responsibility and irresponsibility on corporate financial performance," Journal of Business Research, Elsevier, vol. 92(C), pages 154-167.
    5. Harjoto, Maretno A. & Hoepner, Andreas G.F. & Li, Qian, 2022. "A stakeholder resource-based view of corporate social irresponsibility: Evidence from China," Journal of Business Research, Elsevier, vol. 144(C), pages 830-843.
    6. Höck, André & Bauckloh, Michael Tobias & Dumrose, Maurice & Klein, Christian, 2023. "ESG criteria and the credit risk of corporate bond portfolios," CFR Working Papers 23-03, University of Cologne, Centre for Financial Research (CFR).
    7. Anushree Poddar & Sapna A. Narula & Ambika Zutshi, 2019. "A study of corporate social responsibility practices of the top Bombay Stock Exchange 500 companies in India and their alignment with the Sustainable Development Goals," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1184-1205, November.
    8. Leon Zolotoy & Don O’Sullivan & Jill Klein, 2019. "Character Cues and Contracting Costs: The Relationship Between Philanthropy and the Cost of Capital," Journal of Business Ethics, Springer, vol. 154(2), pages 497-515, January.
    9. Meijui Sun & Ming-Chang Huang, 2022. "Does CSR reputation mitigate the impact of corporate social irresponsibility?," Asian Business & Management, Palgrave Macmillan, vol. 21(2), pages 261-285, April.
    10. Ivan Montiel & Peter Jack Gallo & Raquel Antolin-Lopez, 2020. "What on Earth Should Managers Learn About Corporate Sustainability? A Threshold Concept Approach," Journal of Business Ethics, Springer, vol. 162(4), pages 857-880, April.
    11. Sonia Boukattaya & Zied Ftiti & Nouha Ben Arfa & Abdelwahed Omri, 2022. "Financial performance under board gender diversity: The mediating effect of corporate social practices," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1871-1883, September.
    12. Idoya Ferrero-Ferrero & María Ángeles Fernández-Izquierdo & María Jesús Muñoz-Torres, 2016. "The Effect of Environmental, Social and Governance Consistency on Economic Results," Sustainability, MDPI, vol. 8(10), pages 1-16, October.
    13. Jennifer J. Griffin & Yoo Na Youm, 2018. "Voluntarily Disclosing Prosocial Behaviors in Korean Firms," Journal of Business Ethics, Springer, vol. 153(4), pages 1017-1030, December.
    14. Hans Rawhouser & Michael Cummings & Scott L. Newbert, 2019. "Social Impact Measurement: Current Approaches and Future Directions for Social Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 43(1), pages 82-115, January.
    15. Kais Bouslah & Abdelmajid Hmaittane & Lawrence Kryzanowski & Bouchra M’Zali, 2023. "CSR Structures: Evidence, Drivers, and Firm Value Implications," Journal of Business Ethics, Springer, vol. 185(1), pages 115-145, June.
    16. Jean-Michel Sahut & Eric Braune & Lubica Hikkerova & Léopold Djoutsa Wamba, 2020. "Environmental Performance and Risk of European Firms," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 9(2), pages 85-104, June.
    17. Bai Xue & Zhuang Zhang & Pingli Li, 2020. "Corporate environmental performance, environmental management and firm risk," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1074-1096, March.
    18. Xiao, Chengyong & Wang, Qian & van der Vaart, Taco & van Donk, Dirk Pieter, 2018. "When Does Corporate Sustainability Performance Pay off? The Impact of Country-Level Sustainability Performance," Ecological Economics, Elsevier, vol. 146(C), pages 325-333.
    19. Li Cai & Jinhua Cui & Hoje Jo, 2016. "Corporate Environmental Responsibility and Firm Risk," Journal of Business Ethics, Springer, vol. 139(3), pages 563-594, December.
    20. Andrew Bryant & Jennifer J. Griffin & Vanessa G. Perry, 2020. "Mitigating climate change: A role for regulations and risk‐taking," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 605-618, February.

  9. Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2014. "The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings," The Financial Review, Eastern Finance Association, vol. 49(1), pages 49-75, February.

    Cited by:

    1. Peixin Li & Rongxi Zhou & Yahui Xiong, 2020. "Can ESG Performance Affect Bond Default Rate? Evidence from China," Sustainability, MDPI, vol. 12(7), pages 1-12, April.
    2. Mostafa Monzur Hasan & Ahsan Habib & Ruoyun Zhao, 2022. "Corporate reputation risk and cash holdings," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 667-707, March.
    3. Alain Devalle & Simona Fiandrino & Valter Cantino, 2017. "The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(9), pages 1-53, August.
    4. Ferriani, Fabrizio, 2023. "Issuing bonds during the Covid-19 pandemic: Was there an ESG premium?," International Review of Financial Analysis, Elsevier, vol. 88(C).
    5. Sadiq, Misbah & Yousaf, Sheikh Usman & Anser, Muhammad Khalid & Rashid Khan, Haroon ur & Sriyanto, Sriyanto & Zaman, Khalid & Van Tu, Duong & Anis, Siti Nisrin Mohd, 2023. "The role of debt financing in the relationship between capital structure, firm’s value, and macroeconomic factors: To throw caution to the wind," The Quarterly Review of Economics and Finance, Elsevier, vol. 87(C), pages 212-223.
    6. Ballester, Laura & González-Urteaga, Ana & Martínez, Beatriz, 2025. "When is environmental performance most valued? International evidence from the CDS market," International Review of Economics & Finance, Elsevier, vol. 99(C).
    7. Mussa Hussaini & Ugo Rigoni & Paolo Perego, 2023. "The strategic choice of payment method in takeovers: The role of environmental, social and governance performance," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 200-219, January.
    8. Danilo Drago & Concetta Carnevale & Raffaele Gallo, 2019. "Do corporate social responsibility ratings affect credit default swap spreads?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 644-652, May.
    9. Yuanhui Li & Rongrong Chen & Erwei Xiang, 2022. "Corporate social responsibility, green financial system guidelines, and cost of debt financing: Evidence from pollution‐intensive industries in China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 593-608, May.
    10. Abdelmajid Hmaittane & Jean-Pierre Gueyie & Mohamed Mnasri & Hayat El Guengue, 2023. "Do Lenders Value a Corporate Sustainability Structure?—Evidence from the Cost of Bank Loans," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    11. Charmaine Glegg & Oneil Harris & Thanh Ngo, 2018. "Corporate social responsibility and the wealth gains from dividend increases," Review of Financial Economics, John Wiley & Sons, vol. 36(2), pages 149-166, April.
    12. Hunjra, Ahmed Imran & Jebabli, Ikram & Thrikawala, Sujani Sudhara & Alawi, Suha Mahmoud & Mehmood, Rashid, 2024. "How do corporate governance and corporate social responsibility affect credit risk?," Research in International Business and Finance, Elsevier, vol. 67(PA).
    13. Gregor Dorfleitner & Johannes Grebler, 2020. "The social and environmental drivers of corporate credit ratings: international evidence," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1343-1415, November.
    14. Díaz, Antonio & Escribano, Ana, 2021. "Sustainability premium in energy bonds," Energy Economics, Elsevier, vol. 95(C).
    15. Hiroaki Kambe & Masatoshi Tamamura, 2022. "Effects of firm-level ESG performance on creditworthiness in Japanese listed companies," International Journal of Economic Policy Studies, Springer, vol. 16(2), pages 465-489, August.
    16. Li, Weihao & Hu, Hongbing & Hong, Zekun, 2024. "Green finance policy, ESG rating, and cost of debt——Evidence from China," International Review of Financial Analysis, Elsevier, vol. 92(C).
    17. Tang, Chun & Wu, Yizhong & Liu, Xiaoxing, 2025. "Does China's national carbon market play a role? Evidence from corporate ESG performance," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1053-1064.
    18. Patrícia Pereira & Maria Céu Cortez & Florinda Silva, 2019. "Socially responsible investing and the performance of Eurozone corporate bond portfolios," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1407-1422, November.
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