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Environmental Externalities and Cost of Capital
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Cited by:
- Díaz, Antonio & Escribano, Ana, 2021. "Sustainability premium in energy bonds," Energy Economics, Elsevier, vol. 95(C).
- Nguyen, Hien T. & Phan, Hieu V. & Vo, Hong, 2023. "Agency problems and corporate social responsibility: Evidence from shareholder-creditor mergers," International Review of Financial Analysis, Elsevier, vol. 90(C).
- Wu, Zhenshu & Pownall, Rachel & Shih, Yi-Cheng & Zhang, Chendi, 2025. "State ownership and the value of sustainability: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 102(C).
- Wang, Ye & Liu, Xufeng & Wan, Die, 2023. "Stock market openness and ESG performance: Evidence from Shanghai-Hong Kong connect program," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1306-1319.
- Chen, Tao & Dong, Hui & Lin, Chen, 2020. "Institutional shareholders and corporate social responsibility," Journal of Financial Economics, Elsevier, vol. 135(2), pages 483-504.
- Ruan, Qingsong & Li, Chengyu & Lv, Dayong & Wei, Xiaokun, 2025. "Going Green: Effect of green bond issuance on corporate debt financing costs," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
- Elias Demetriades & Panagiotis Politsidis, 2025. "Bank lending to fossil fuel firms," Post-Print hal-04804492, HAL.
- Haozhe Han, 2023. "Does increasing the QFII quota promote Chinese institutional investors to drive ESG?," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 30(6), pages 1627-1643, November.
- Liu, Xufeng & Wan, Die, 2023. "Retail investor trading and ESG pricing in China," Research in International Business and Finance, Elsevier, vol. 65(C).
- Li, Sen & Zhang, Yi, 2025. "Environmental risk and stock price crash risk: Evidence from energy substitution policy adoption," International Review of Economics & Finance, Elsevier, vol. 99(C).
- Jung, Hyeyoon & Engle, Robert F. & Berner, Richard, 2025.
"CRISK: Measuring the climate risk exposure of the financial system,"
Journal of Financial Economics, Elsevier, vol. 171(C).
- Richard Berner & Robert Engle & Hyeyoon Jung, 2021. "CRISK: Measuring the Climate Risk Exposure of the Financial System," Staff Reports 977, Federal Reserve Bank of New York.
- Marzhan Beisenbina & Laura Fabregat‐Aibar & Maria‐Glòria Barberà‐Mariné & Maria‐Teresa Sorrosal‐Forradellas, 2023. "The burgeoning field of sustainable investment: Past, present and future," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 649-667, April.
- Basak Kalkanci & Erica L. Plambeck, 2020. "Managing Supplier Social and Environmental Impacts with Voluntary Versus Mandatory Disclosure to Investors," Management Science, INFORMS, vol. 66(8), pages 3311-3328, August.
- Pástor, Ľuboš & Stambaugh, Robert F. & Taylor, Lucian A., 2021.
"Sustainable investing in equilibrium,"
Journal of Financial Economics, Elsevier, vol. 142(2), pages 550-571.
- Pástor, Luboš & Stambaugh, Robert F. & Taylor, Lucian, 2019. "Sustainable Investing in Equilibrium," CEPR Discussion Papers 14171, C.E.P.R. Discussion Papers.
- Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2020. "Sustainable Investing in Equilibrium," Working Papers 2020-23, Becker Friedman Institute for Research In Economics.
- Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2019. "Sustainable Investing in Equilibrium," NBER Working Papers 26549, National Bureau of Economic Research, Inc.
- Steven Baker & Burton Hollifield & Emilio Osambela, 2019. "Asset Prices and Portfolios with Externalities," 2019 Meeting Papers 1255, Society for Economic Dynamics.
- Quintiliani, Andrea, 2025. "Small and medium-sized enterprises and sustainable transition: Role of FinTech in a country's banking ecosystem," Research in International Business and Finance, Elsevier, vol. 73(PA).
- Agoraki, Konstantina K. & Giaka, Maria & Konstantios, Dimitrios & Negkakis, Ioannis, 2024. "The relationship between firm-level climate change exposure, financial integration, cost of capital and investment efficiency," Journal of International Money and Finance, Elsevier, vol. 141(C).
- Yao An & Ning Liu & Lin Zhang & Huanhuan Zheng, 2022. "Adapting to climate risks through cross-border investments: industrial vulnerability and smart city resilience," Climatic Change, Springer, vol. 174(1), pages 1-29, September.
- Zerbib, Olivier David, 2019.
"The effect of pro-environmental preferences on bond prices: Evidence from green bonds,"
Journal of Banking & Finance, Elsevier, vol. 98(C), pages 39-60.
- Olivier David Zerbib, 2019. "The effect of pro-environmental preferences on bond prices: Evidence from green bonds," Post-Print halshs-02008641, HAL.
- Draganac, Dragana & Lu, Kelin, 2025. "Pricing asset beyond financial fundamentals: The impact of prosocial preference and image concerns," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
- Federica Ielasi & Paolo Ceccherini & Pietro Zito, 2020. "Integrating ESG Analysis into Smart Beta Strategies," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
- 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.
- Jun Lian & Xuanshun Huang & Xia Wu, 2024. "How green bonds promote firms' green collaborative innovation?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2109-2126, May.
- M. Shahrour & Isabelle Girerd-Potin & O. Taramasco, 2020.
"Corporate Social Responsibility and Firm Default Risk in the Eurozone: A Market-Based Approach,"
Post-Print
hal-04815897, HAL.
- Mohamad Hassan Shahrour & Isabelle Girerd-Potin & Ollivier Taramasco, 2021. "Corporate Social Responsibility and Firm Default Risk in the Eurozone: A Market-Based Approach," Post-Print hal-04906061, HAL.
- Mohamad Hassan Shahrour & Isabelle Girerd-Potin & Ollivier Taramasco, 2021. "Corporate social responsibility and firm default risk in the Eurozone: a market-based approach," Post-Print hal-03198467, HAL.
- Benoît Mercereau & Guillaume Neveux & João Paulo C. C. Sertã & Benoît Marechal & Gianluca Tonolo, 2020. "Fighting climate change as a global equity investor," Journal of Asset Management, Palgrave Macmillan, vol. 21(1), pages 70-83, February.
- Chen, Donghua & Jiang, Dequan & Yu, Xin, 2015. "Corporate philanthropy and bank loans in China," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 402-424.
- Fuchs, Larissa & Ngyuen, Huyen & Nguyen, Trang & Schaeck, Klaus, 2024. "Climate stress tests, bank lending, and the transition to the carbon-neutral economy," IWH Discussion Papers 9/2024, Halle Institute for Economic Research (IWH), revised 2024.
- Becchetti, Leonardo & Manfredonia, Stefano, 2022. "Media, reputational risk, and bank loan contracting," Journal of Financial Stability, Elsevier, vol. 60(C).
- Kiyoung Chang & Ying Li & Hyeongsop Shim, 2022. "Corporate social responsibility and credit rating around the world: The role of societal trust," The Financial Review, Eastern Finance Association, vol. 57(4), pages 863-891, November.
- Barber, Brad M. & Morse, Adair & Yasuda, Ayako, 2021.
"Impact investing,"
Journal of Financial Economics, Elsevier, vol. 139(1), pages 162-185.
- Brad M. Barber & Adair Morse & Ayako Yasuda, 2019. "Impact Investing," NBER Working Papers 26582, National Bureau of Economic Research, Inc.
- Dunbar, Craig & Li, Zhichuan (Frank) & Shi, Yaqi, 2020. "CEO risk-taking incentives and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 64(C).
- Fan, Kwok Yuen & Shen, Jianfu & Hui, Eddie C.M. & Cheng, Louis T.W., 2024. "ESG components and equity returns: Evidence from real estate investment trusts," International Review of Financial Analysis, Elsevier, vol. 96(PB).
- Paolo Capelli & Federica Ielasi & Angeloantonio Russo, 2021. "Forecasting volatility by integrating financial risk with environmental, social, and governance risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1483-1495, September.
- Sudheer Chava & Kershen Huang & Shane A. Johnson, 2018. "The Dynamics of Borrower Reputation Following Financial Misreporting," Management Science, INFORMS, vol. 64(10), pages 4775-4797, October.
- Becchetti, Leonardo & Cucinelli, Doriana & Ielasi, Federica & Rossolini, Monica, 2023. "Corporate social irresponsibility: The relationship between ESG misconduct and the cost of equity," International Review of Financial Analysis, Elsevier, vol. 89(C).
- Yuan, Mingqing, 2024. "Beyond green bonds: Stock market reactions to ESG bond announcements and issuances in Japan," MPRA Paper 120943, University Library of Munich, Germany.
- 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.
- Wu, Zhenshu & Zhong, Rui, 2024. "The equity market response to climate change litigation," Finance Research Letters, Elsevier, vol. 67(PA).
- 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.
- Shabir, Mohsin & Jiang, Ping & Shahab, Yasir & Wang, Wenhao & Işık, Özcan & Mehroush, Iqra, 2024. "Diversification and bank stability: Role of political instability and climate risk," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 63-92.
- Natalie Kyung Won Kim & Sera Choi & Taejin Jung & Sohee Park, 2023. "How does demand uncertainty from climate change exposure affect the firms' cost structures? Examining the real effects of climate change on the firms' operational decisions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 2969-2989, November.
- Fard, Amirhossein & Javadi, Siamak & Kim, Incheol, 2020. "Environmental regulation and the cost of bank loans: International evidence," Journal of Financial Stability, Elsevier, vol. 51(C).
- Huang, Wei & Luo, Yan & Wang, Xiaohuan & Xiao, Lifu, 2022. "Controlling shareholder pledging and corporate ESG behavior," Research in International Business and Finance, Elsevier, vol. 61(C).
- Jiang, Chuyu & Li, Yating & Zhang, Xuan & Zhao, Yang, 2025. "Climate risk and corporate debt decision," Journal of International Money and Finance, Elsevier, vol. 151(C).
- Massimo Mariani & Fabio Pizzutilo & Alessandra Caragnano & Marianna Zito, 2021. "Does it pay to be environmentally responsible? Investigating the effect on the weighted average cost of capital: Environmental commitment and the cost of capital," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1854-1869, November.
- 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.
- Zhu, Bo & Hou, Rui, 2022. "Carbon risk and dividend policy: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 84(C).
- Gao, Feng & Li, Yubin & Wang, Xinjie & Zhong, Zhaodong (Ken), 2021. "Corporate social responsibility and the term structure of CDS spreads," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
- Alexandre Garel & Arthur Petit-Romec, 2021. "Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis," Post-Print hal-03204216, HAL.
- Olaf Stotz, 2021. "Expected and realized returns on stocks with high- and low-ESG exposure," Journal of Asset Management, Palgrave Macmillan, vol. 22(2), pages 133-150, March.
- Gao, Hao & He, Jing & Li, Yong & Qu, Yuanyu, 2020. "Family control and cost of debt: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 60(C).
- Sadok El Ghoul & Omrane Guedhami & Hakkon Kim & Kwangwoo Park, 2018. "Corporate Environmental Responsibility and the Cost of Capital: International Evidence," Journal of Business Ethics, Springer, vol. 149(2), pages 335-361, May.
- Fatemi, Ali & Fooladi, Iraj & Tehranian, Hassan, 2015. "Valuation effects of corporate social responsibility," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 182-192.
- Fatica, Serena & Panzica, Roberto & Rancan, Michela, 2021.
"The pricing of green bonds: Are financial institutions special?,"
Journal of Financial Stability, Elsevier, vol. 54(C).
- Serena Fatica & Roberto Panzica & Michela Rancan, 2019. "The pricing of green bonds: are financial institutions special?," Mo.Fi.R. Working Papers 157, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Serena Fatica & Roberto Panzica & Michela Rancan, 2019. "The pricing of green bonds: are financial institutions special?," JRC Working Papers in Economics and Finance 201907, Joint Research Centre, European Commission.
- Se‐Hee Jeong & Jeong‐Ji Han & Soyoung Jun & Shawn Kim & Jong Woo Kim, 2025. "Investor Responses to ESG News Sentiment: Exploring Differential Effects and Industry Moderation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(3), pages 3944-3964, May.
- Tanin, Tauhidul Islam & Sarker, Ashutosh & Hammoudeh, Shawkat & Batten, Jonathan A., 2024. "The determinants of corporate cost of debt during a financial crisis," The British Accounting Review, Elsevier, vol. 56(6).
- Nguyen, Harvey & Pham, Anh Viet & Pham, Man Duy (Marty) & Pham, Mia Hang, 2025. "Climate change and corporate credit worthiness: International evidence," Global Finance Journal, Elsevier, vol. 64(C).
- Liu, Ziqiang & Gao, Xin & Xu, Hao & Xu, Weidong, 2024. "Climate change exposure and stock liquidity commonality: International evidence," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
- Bo Wang & Zehui Wang & Jun Wen & Xiaotian Tina Zhang, 2021. "Executive Gender and Firm Environmental Management: Evidence from CFO Transitions," Sustainability, MDPI, vol. 13(7), pages 1-14, March.
- Gutiérrez-López, Cristina & Castro, Paula & Tascón, María T., 2022. "How can firms' transition to a low-carbon economy affect the distance to default?," Research in International Business and Finance, Elsevier, vol. 62(C).
- Jerry W. Chen & Eunice S. Khoo & Zihang Peng, 2023. "Climate change disclosure and the information environment in the initial public offering market," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 907-952, April.
- Zeng, Jing & Ling, Wen & Hua, Min & Chan, Kam C., 2024. "Impact of an increase in tax deductibility of R&D expenditure on firms' ESG: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 96(PA).
- Xiao, He, 2022. "Environmental regulation and firm capital structure dynamics," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 770-787.
- Tang, Dragon Yongjun & Zhang, Yupu, 2020. "Do shareholders benefit from green bonds?," Journal of Corporate Finance, Elsevier, vol. 61(C).
- Nguyen, Quyen & Diaz-Rainey, Ivan & Kuruppuarachchi, Duminda, 2023. "In search of climate distress risk," International Review of Financial Analysis, Elsevier, vol. 85(C).
- Phan, Dinh Hoang Bach & Tran, Vuong Thao & Ming, Tee Chwee & Le, Anh, 2022. "Carbon risk and corporate investment: A cross-country evidence," Finance Research Letters, Elsevier, vol. 46(PB).
- Guochao Wan & Ahmad Yahya Dawod, 2022. "ESG Rating and Northbound Capital Shareholding Preferences: Evidence from China," Sustainability, MDPI, vol. 14(15), pages 1-19, July.
- Azar, José & Duro, Miguel & Kadach, Igor & Ormazabal, Gaizka, 2021. "The Big Three and corporate carbon emissions around the world," Journal of Financial Economics, Elsevier, vol. 142(2), pages 674-696.
- Bai, Min & Ho, Ly, 2022. "Corporate social performance and firm debt levels: Impacts of the covid-19 pandemic and institutional environments," Finance Research Letters, Elsevier, vol. 47(PB).
- Zhang, Cheng & Zhou, Bo, 2023. "Where should the money go? The green effect of governmental guidance when sustainable finance impacts brown firms," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
- Li, Zhe & Ling, Zixi & Xu, Si, 2023. "When firms talk, do they act? The impact of environmental strategies and actions on executive promotion in China," China Economic Review, Elsevier, vol. 82(C).
- Yufen Wei & Qigui Liu & Jinbo Luo, 2023. "How does corporate social responsibility have influence on firms' access to trade credit," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1321-1349, April.
- Miriam Breitenstein & Duc Khuong Nguyen & Thomas Walther, 2021.
"Environmental Hazards And Risk Management In The Financial Sector: A Systematic Literature Review,"
Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 512-538, April.
- Miriam Breitenstein & Duc Khuong Nguyen & Thomas Walther, 2019. "Environmental Hazards and Risk Management in the Financial Sector: A Systematic Literature Review," Working Papers on Finance 1910, University of St. Gallen, School of Finance.
- Javadi, Siamak & Masum, Abdullah-Al, 2021. "The impact of climate change on the cost of bank loans," Journal of Corporate Finance, Elsevier, vol. 69(C).
- Chowdhury, Hasibul & Hodgson, Allan & Hasan, Mostafa Monzur, 2022. "Does a competitive external labour market affect corporate social responsibility? Evidence from industry tournament incentives," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
- Nguyen, Justin Hung & Truong, Cameron & Zhang, Bohui, 2025. "The price of carbon risk: Evidence from the Kyoto Protocol ratification," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
- Bolton, Patrick & Kacperczyk, Marcin, 2021.
"Do investors care about carbon risk?,"
Journal of Financial Economics, Elsevier, vol. 142(2), pages 517-549.
- Kacperczyk, Marcin & Bolton, Patrick, 2020. "Do Investors Care about Carbon Risk?," CEPR Discussion Papers 14568, C.E.P.R. Discussion Papers.
- Patrick Bolton & Marcin Kacperczyk, 2020. "Do Investors Care about Carbon Risk?," NBER Working Papers 26968, National Bureau of Economic Research, Inc.
- Guo, Chenhao & Zhang, Sirui & Chen, Sian, 2024. "Does carbon risk travel along the supply chain? Evidence from corporate default risk," Economics Letters, Elsevier, vol. 236(C).
- Khan, Muhammad Arif & Khan, Ashraf & Hassan, M. Kabir & Maraghini, Maria Pia, 2024. "Market response to environmental social and governance performance: A global analysis," Research in International Business and Finance, Elsevier, vol. 67(PA).
- Wang, Congcong & Wang, Chong & Long, Huaigang & Zaremba, Adam & Zhou, Wenyu, 2024. "Green bond credit spreads and bank loans in China," International Review of Financial Analysis, Elsevier, vol. 94(C).
- Reyes Samaniego-Medina & Pilar Giraldez-Puig, 2022. "Do Sustainability Risks Affect Credit Ratings? Evidence from European Banks," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 720-720, August.
- Simon Cornée & Anastasia Cozarenco & Ariane Szafarz, 2023.
"The Changing Role of Banks in the Financial System: Social Versus Conventional Banks,"
Palgrave Macmillan Studies in Banking and Financial Institutions, in: Chrysovalantis Gaganis & Fotios Pasiouras & Menelaos Tasiou & Constantin Zopounidis (ed.), Sustainable Finance and ESG, pages 1-25,
Palgrave Macmillan.
- Simon Cornée & Anastasia Cozarenco & Ariane Szafarz, 2022. "The Changing Role of Banks in the Financial System: Social versus Conventional Banks," Economics Working Paper Archive (University of Rennes & University of Caen) 2022-02, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Simon Cornée & Anastasia Cozarenco & Ariane Szafarz, 2023. "The Changing Role of Banks in the Financial System: Social Versus Conventional Banks," Post-Print hal-04479371, HAL.
- Simon Cornée & Anastasia Cozarenco & Ariane Szafarz, 2022. "The Changing Role of Banks in the Financial System: Social versus Conventional Banks," Working Papers CEB 22-002, ULB -- Universite Libre de Bruxelles.
- Jens Dick‐Nielsen & Jacob Gyntelberg & Christoffer Thimsen, 2022. "The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts," Journal of Finance, American Finance Association, vol. 77(5), pages 2577-2611, October.
- Choi, Dong Beom & Jeong, Seongjun, 2025. "CSR scores versus actual impacts: Banks’ main street lending during the great recession," Journal of Banking & Finance, Elsevier, vol. 172(C).
- Sandeep Yadav, 2020. "Institutional Ownership and Corporate Social Performance in Emerging Economies Multinationals: Evidence from India," Indian Journal of Corporate Governance, , vol. 13(2), pages 227-252, December.
- Liu, Xiaojuan & Chen, Xiaoyijing & Deng, Baijun, 2023. "The effect of the government's green grip: Evidence from government-initiated corporate environmental ratings and corporate debt financing," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
- Zhang, Lin & Cui, Xiaomeng & Jing, Wei, 2024. "Who are responsible venture capitalists? The effect of business experience," International Review of Economics & Finance, Elsevier, vol. 96(PA).
- Peng, Wei & Xiong, Langyu, 2022. "Managing financing costs and fostering green transition: The role of green financial policy in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 820-836.
- Guo, Chenhao & Zhong, Rui, 2025. "Is green revenue vanity or sanity? Evidence from corporate cash holdings," International Review of Financial Analysis, Elsevier, vol. 101(C).
- Garel, Alexandre & Petit-Romec, Arthur, 2021. "Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis," Journal of Corporate Finance, Elsevier, vol. 68(C).
- Guangfan Sun & Changwei Guo & Bin Li & Honglei Li, 2023. "Cultural inclusivity and corporate social responsibility in China," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
- Guangming Gong & Si Xu & Xun Gong, 2018. "On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China," Journal of Business Ethics, Springer, vol. 150(1), pages 227-258, June.
- Wu, Zhenshu, 2023. "Essays in corporate finance and ESG," Other publications TiSEM fe6f9604-d0c5-46f3-9492-f, Tilburg University, School of Economics and Management.
- Berkman, Henk & Jona, Jonathan & Soderstrom, Naomi, 2024. "Firm-specific climate risk and market valuation," Accounting, Organizations and Society, Elsevier, vol. 112(C).
- Zhang, Shafu & Magnan, Michel & Qiu, Yetaotao & Zeng, Cheng Colin, 2022. "Do banks price production process failures? Evidence from product recalls," Journal of Banking & Finance, Elsevier, vol. 135(C).
- Po‐Hsuan Hsu & Kai Li & Chi‐Yang Tsou, 2023. "The Pollution Premium," Journal of Finance, American Finance Association, vol. 78(3), pages 1343-1392, June.
- Eichholtz, Piet & Holtermans, Rogier & Kok, Nils & Yönder, Erkan, 2019. "Environmental performance and the cost of debt: Evidence from commercial mortgages and REIT bonds," Journal of Banking & Finance, Elsevier, vol. 102(C), pages 19-32.
- Mueller, Isabella & Sfrappini, Eleonora, 2022. "Climate Change-Related Regulatory Risks and Bank Lending," Working Paper Series 2670, European Central Bank.
- Bakkar, Yassine, 2023. "Climate Risk and Bank Capital Structure," QBS Working Paper Series 2023/04, Queen's University Belfast, Queen's Business School.
- Kleimeier, S. & Viehs, P.M., 2016. "Carbon disclosure, emission levels, and the cost of debt," Research Memorandum 003, Maastricht University, Graduate School of Business and Economics (GSBE).
- Nguyen, Justin Hung & Phan, Hieu V., 2020. "Carbon risk and corporate capital structure," Journal of Corporate Finance, Elsevier, vol. 64(C).
- Shihao Yin & Zhongguo Lin & Panni Li & Binbin Peng, 2025. "Does environmental credit affect bank loans? Evidence from Chinese A‐share listed firms," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1225-1248, April.
- Krüger, Philipp, 2015. "Corporate goodness and shareholder wealth," Journal of Financial Economics, Elsevier, vol. 115(2), pages 304-329.
- Cho-Hoi Hui & Andrew Wong, 2021. "Do countries adjust the carbon intensity of energy towards targets? The role of financial development on the adjustment," SN Business & Economics, Springer, vol. 1(10), pages 1-30, October.
- Li, Jianfeng & Yao, Xiaoyang & Wang, Hui & Le, Wei, 2024. "Hedging the climate change risks of China's brown assets: Green assets or precious metals?," International Review of Economics & Finance, Elsevier, vol. 94(C).
- Martin Oehmke & Marcus M Opp, 2025.
"A Theory of Socially Responsible Investment,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 92(2), pages 1193-1225.
- Opp, Marcus & Oehmke, Martin, 2020. "A theory of socially responsible investment," CEPR Discussion Papers 14351, C.E.P.R. Discussion Papers.
- Oehmke, Martin & Opp, Marcus, 2025. "A theory of socially responsible investment," LSE Research Online Documents on Economics 122413, London School of Economics and Political Science, LSE Library.
- Oehmke, Martin & Opp, Marcus, 2021. "A theory of socially responsible investment," LSE Research Online Documents on Economics 118891, London School of Economics and Political Science, LSE Library.
- Leite, Brian J. & Uysal, Vahap B., 2023. "Does ESG matter to investors? ESG scores and the stock price response to new information," Global Finance Journal, Elsevier, vol. 57(C).
- Zhang, Dongyang & Bai, Dingchuan & Wang, Yizhi, 2024. "Green vs. brown: Climate risk showdown – who’s thriving, who’s diving?," Journal of International Money and Finance, Elsevier, vol. 149(C).
- Jinhua Cui & Hoje Jo & Yan Li, 2015. "Corporate Social Responsibility and Insider Trading," Journal of Business Ethics, Springer, vol. 130(4), pages 869-887, September.
- Mirza, Nawazish & Afzal, Ayesha & Umar, Muhammad & Skare, Marinko, 2023. "The impact of green lending on banking performance: Evidence from SME credit portfolios in the BRIC," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 843-850.
- Zhang, Yongji & Cao, Liyuan & Lan, Minghui & Su, Zhi & Wang, Ke, 2024. "Air pollution and issuance credit spread of municipal investment bond," Energy Economics, Elsevier, vol. 139(C).
- Chang, Yuyuan & He, Wen & Mi, Lin, 2024. "Climate risk and payout flexibility around the world," Journal of Banking & Finance, Elsevier, vol. 166(C).
- Borgers, Arian & Derwall, Jeroen & Koedijk, Kees & ter Horst, Jenke, 2015. "Do social factors influence investment behavior and performance? Evidence from mutual fund holdings," Journal of Banking & Finance, Elsevier, vol. 60(C), pages 112-126.
- Iftekhar Hasan & Hui Li & Haizhi Wang & Yun Zhu, 2021. "Do Affiliated Bankers on Board Enhance Corporate Social Responsibility? US Evidence," Sustainability, MDPI, vol. 13(6), pages 1-27, March.
- Qian, Shuitu & Yu, Wenzhe, 2024. "Green finance and environmental, social, and governance performance," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1185-1202.
- Apergis, Nicholas & Poufinas, Thomas & Antonopoulos, Alexandros, 2022. "ESG scores and cost of debt," Energy Economics, Elsevier, vol. 112(C).
- Henry He Huang & Chong Wang & Hong Xie & Jian Zhou, 2021. "Independent director attention and the cost of equity capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(7-8), pages 1468-1493, July.
- Rogelio A. Mancisidor & Kjersti Aas, 2022. "Multimodal Generative Models for Bankruptcy Prediction Using Textual Data," Papers 2211.08405, arXiv.org, revised Feb 2024.
- Zhang, Qiyu & Ding, Rong & Chen, Ding & Zhang, Xiaoxiang, 2023. "The effects of mandatory ESG disclosure on price discovery efficiency around the world," International Review of Financial Analysis, Elsevier, vol. 89(C).
- Kling, Gerhard & Volz, Ulrich & Murinde, Victor & Ayas, Sibel, 2021. "The impact of climate vulnerability on firms’ cost of capital and access to finance," World Development, Elsevier, vol. 137(C).
- Hossain, Ashrafee & Masum, Abdullah-Al & Benkraiem, Ramzi, 2024. "Long-term institutional investors and climate change news Beta," Journal of Corporate Finance, Elsevier, vol. 89(C).
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Staff Reports
977, Federal Reserve Bank of New York.
- Hyeyoon Jung, 2023. "CRISK: Measuring the Climate Risk Exposure of the Financial System," Liberty Street Economics 20230420a, Federal Reserve Bank of New York.
- Lynn Linghuan Wang, 2023. "Transmission Effects of ESG Disclosure Regulations Through Bank Lending Networks," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 61(3), pages 935-978, June.
- 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).
- Stephanie Watts & Laurie Giddens, 2017. "Credibility assessment for sustainable consumption: A laboratory study," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1356608-135, January.
- 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).
- Yi Sun & Yiwen Zhu & Cong Li & Kaihua Wang, 2025. "Will Green Credit Affect the Cash Flow of Heavily Polluting Enterprises?," Sustainability, MDPI, vol. 17(1), pages 1-24, January.
- Saibal Ghosh, 2024. "Do bankers on board fulfill their role? Corporate social responsibility, environmental concerns and firm leverage," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3297-3311, July.
- Michelfelder, Richard A. & Pilotte, Eugene A., 2024. "U.S. vertically integrated electric utility greenhouse gas emissions and carbon risk premiums around the Paris Accord," Energy Policy, Elsevier, vol. 195(C).
- Justin Hung Nguyen, 2018. "Carbon risk and firm performance: Evidence from a quasi-natural experiment," Australian Journal of Management, Australian School of Business, vol. 43(1), pages 65-90, February.
- Mohammed Saharti & Sajid M. Chaudhry & Nisar Ahmad & Syed Mujahid Hussain, 2024. "Syndicated loans: mapping the trends, sources and intellectual evolution," Review of Quantitative Finance and Accounting, Springer, vol. 62(4), pages 1569-1592, May.
- Anshu Agrawal, 2020. "Modified Total Interpretive Structural Model of Corporate Financial Flexibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(4), pages 369-388, December.
- Dasgupta, Sudipto & Banerjee, Shantanu & SHI, RUI & Yan, Jiali, 2021. "Information Complementarities and the Dynamics of Transparency Shock Spillovers," CEPR Discussion Papers 15658, C.E.P.R. Discussion Papers.
- Xu, Yang & Huang, Wei & Zhang, Cherry Yi, 2024. "Navigating international competition with ESG: Insights from the US-China trade war," Research in International Business and Finance, Elsevier, vol. 70(PB).
- Henry He Huang & Joseph Kerstein & Chong Wang, 2018. "The impact of climate risk on firm performance and financing choices: An international comparison," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(5), pages 633-656, July.
- Mohammed Benlemlih, 2017. "Corporate Social Responsibility and Firm Debt Maturity," Journal of Business Ethics, Springer, vol. 144(3), pages 491-517, September.
- Yihui Pan & Elena S. Pikulina & Stephan Siegel & Tracy Yue Wang, 2022. "Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure," Journal of Finance, American Finance Association, vol. 77(2), pages 1371-1411, April.
- Li, Hao & Zhang, Xuan & Zhao, Yang, 2022. "ESG and Firm's Default Risk," Finance Research Letters, Elsevier, vol. 47(PB).
- Huu Tuan Nguyen & Duy Suu Nguyen, 2024. "The Impact of Climate Change on Financial Efficiency and The Financing Choices of Electricity Industrial Companies: Evidence from Vietnam," Advances in Decision Sciences, Asia University, Taiwan, vol. 28(1), pages 47-74, March.
- Adamolekun, Gbenga & Kwansa, Nana Abena & Kwabi, Frank, 2022. "Corporate carbon emissions and market valuation of organic and inorganic investments," Economics Letters, Elsevier, vol. 221(C).
- Zied Ftiti & Maher Jeriji & Sourour Kammoun & Waël Louhichi & Amel Zenaidi, 2024. "Corporate social responsibility disclosure and corporate creditworthiness: Evidence from the UK," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1259-1276, April.
- Krahnen Jan & Rocholl Jörg & Thum Marcel, 2023.
"A Primer on Green Finance: From Wishful Thinking to Marginal Impact,"
Review of Economics, De Gruyter, vol. 74(1), pages 1-19, April.
- Krahnen, Jan Pieter & Rocholl, Jörg & Thum, Marcel, 2021. "A primer on green finance: From wishful thinking to marginal impact," SAFE White Paper Series 87, Leibniz Institute for Financial Research SAFE.
- Jorge Antunes & Peter Wanke & Thiago Fonseca & Yong Tan, 2023. "Do ESG Risk Scores Influence Financial Distress? Evidence from a Dynamic NDEA Approach," Sustainability, MDPI, vol. 15(9), pages 1-32, May.
- Yan, Meilan & Li, Youwei & Pantelous, Athanasios A. & Vigne, Samuel A. & Zhang, Dalu, 2024. "A comparative and conceptual intellectual study of environmental topic in economic and finance," International Review of Financial Analysis, Elsevier, vol. 91(C).
- Christian Lohmann & Steffen Möllenhoff & Thorsten Ohliger, 2023. "Nonlinear relationships in bankruptcy prediction and their effect on the profitability of bankruptcy prediction models," Journal of Business Economics, Springer, vol. 93(9), pages 1661-1690, November.
- Qinghua Wang & Yaning Zhou & Li Luo & Junping Ji, 2019. "Research on the Factors Affecting the Risk Premium of China’s Green Bond Issuance," Sustainability, MDPI, vol. 11(22), pages 1-14, November.
- Trinh, Vu Quang & Trinh, Hai Hong & Li, Teng & Vo, Xuan Vinh, 2024. "Climate change exposure, financial development, and the cost of debt: Evidence from EU countries," Journal of Financial Stability, Elsevier, vol. 74(C).
- Sakkakom Maneenop & Chaiyuth Padungsaksawasdi & Sirimon Treepongkaruna, 2024. "Co‐opted board, environment, social and governance," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1161-1172, February.
- Wang, Nan & Yang, Gang & Wu, Jin & Wenya, Lv, 2025. "Impact of environmental information disclosure on green technology innovation:Evidence from China's Listed Companies," Finance Research Letters, Elsevier, vol. 71(C).
- Cui, Di & Ding, Mingfa & He, Zhongda & Shen, Mi, 2022. "Restricted shares and CSR: Evidence from foreign strategic investors in China," Pacific-Basin Finance Journal, Elsevier, vol. 76(C).
- Dev R. Mishra, 2023. "Firm‐level political risk and implied cost of equity capital," International Review of Finance, International Review of Finance Ltd., vol. 23(3), pages 615-644, September.
- Aleksandar Petreski & Dorothea Schäfer & Andreas Stephan, 2022.
"Green Bonds’ Reputation Effect and Its Impact on the Financing Costs of the Real Estate Sector,"
Discussion Papers of DIW Berlin
2019, DIW Berlin, German Institute for Economic Research.
- Petreski, Aleksandar & Schäfer, Dorothea & Stephan, Andreas, 2022. "Green bonds' reputation effect and its impact on the financing costs of the real estate sector," GLO Discussion Paper Series 1182, Global Labor Organization (GLO).
- Maxime Sauzet, 2025. "Green Intermediary Asset Pricing," CESifo Working Paper Series 11944, CESifo.
- 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.
- Matthias Horn, 2023. "The Influence of ESG Ratings On Idiosyncratic Stock Risk: The Unrated, the Good, the Bad, and the Sinners," Schmalenbach Journal of Business Research, Springer, vol. 75(3), pages 415-442, September.
- 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).
- Ramzi Benkraiem & Maria Qureshi & Asif Saeed & Constantin Zopounidis, 2024. "Corporate social responsibility, carbon footprints and stock market valuation," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 33(3), pages 213-237, August.
- repec:zbw:bofitp:2022_005 is not listed on IDEAS
- Victor Cui & Shujun Ding & Mingzhi Liu & Zhenyu Wu, 2018. "Revisiting the Effect of Family Involvement on Corporate Social Responsibility: A Behavioral Agency Perspective," Journal of Business Ethics, Springer, vol. 152(1), pages 291-309, September.
- Weian Li & Yupei Liu & Lixiang Wang, 2024. "Moral mentor of the company? Multifaceted influence of sustainable and responsible funds on corporate social responsibility disclosure in China," Asia Pacific Journal of Management, Springer, vol. 41(4), pages 2213-2249, December.
- Britta Hachenberg & Dirk Schiereck, 2018. "Are green bonds priced differently from conventional bonds?," Journal of Asset Management, Palgrave Macmillan, vol. 19(6), pages 371-383, October.
- El Ouardighi, Fouad & Sim, Jeongeun & Kim, Bowon, 2021. "Pollution accumulation and abatement policies in two supply chains under vertical and horizontal competition and strategy types," Omega, Elsevier, vol. 98(C).
- Louis Daumas, 2024. "Financial stability, stranded assets and the low‐carbon transition – A critical review of the theoretical and applied literatures," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 601-716, July.
- Peter Lau & Angela Sze & Wilson Wan & Alfred Wong, 2022. "The Economics of the Greenium: How Much is the World Willing to Pay to Save the Earth?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(2), pages 379-408, February.
- Ghosh, Saibal, 2023. "Does climate legislation matter for bank lending? Evidence from MENA countries," Ecological Economics, Elsevier, vol. 212(C).
- Sylvain Marsat & Guillaume Pijourlet & Muhammad Ullah, 2021. "Is there a trade‐off between environmental performance and financial resilience? International evidence from the subprime crisis," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4061-4084, September.
- Reghezza, Alessio & Altunbas, Yener & Marques-Ibanez, David & Rodriguez d’Acri, Costanza & Spaggiari, Martina, 2022.
"Do banks fuel climate change?,"
Journal of Financial Stability, Elsevier, vol. 62(C).
- Reghezza, Alessio & Altunbas, Yener & Marqués-Ibáñez, David & Rodriguez d’Acri, Costanza & Spaggiari, Martina, 2021. "Do banks fuel climate change?," Working Paper Series 2550, European Central Bank.
- Frank J. Fabozzi & Peck Wah Ng & Diana E. Tunaru, 2021. "The impact of corporate social responsibility on corporate financial performance and credit ratings in Japan," Journal of Asset Management, Palgrave Macmillan, vol. 22(2), pages 79-95, March.
- Nguyen, Huyen & Uzonwanne, Sochima, 2024. "Environmental incidents and sustainability pricing provisions," IWH Discussion Papers 17/2024, Halle Institute for Economic Research (IWH).
- Chava, Sudheer & Kim, Jeong Ho (John) & Lee, Jaemin, 2025. "Risk, return, and environmental and social ratings," Journal of Corporate Finance, Elsevier, vol. 92(C).
- Zhang, Ran & Li, Yanru & Liu, Yingzhu, 2021. "Green bond issuance and corporate cost of capital," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
- Kerstin Lopatta & Thomas Kaspereit & Sebastian A. Tideman & Anna R. Rudolf, 2022. "The moderating role of CEO sustainability reporting style in the relationship between sustainability performance, sustainability reporting, and cost of equity," Journal of Business Economics, Springer, vol. 92(3), pages 429-465, April.
- Jing, Chenxing & Keasey, Kevin & Xu, Bin, 2023. "Environmental sustainability and employee satisfaction," Economics Letters, Elsevier, vol. 233(C).
- Olivier David Zerbib, 2022. "A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion [Asset pricing with liquidity risk]," Review of Finance, European Finance Association, vol. 26(6), pages 1345-1388.
- Li, Shihan & Liu, Qingfu & Lu, Lei & Zheng, Kaixin, 2022. "Green policy and corporate social responsibility: Empirical analysis of the Green Credit Guidelines in China," Journal of Asian Economics, Elsevier, vol. 82(C).
- Breuer, Wolfgang & Müller, Torbjörn & Rosenbach, David & Salzmann, Astrid, 2018. "Corporate social responsibility, investor protection, and cost of equity: A cross-country comparison," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 34-55.
- Henry He Huang & Joseph Kerstein & Chong Wang & Feng (Harry) Wu, 2022. "Firm climate risk, risk management, and bank loan financing," Strategic Management Journal, Wiley Blackwell, vol. 43(13), pages 2849-2880, December.
- Hoje Jo & Haejung Na, 2012. "Does CSR Reduce Firm Risk? Evidence from Controversial Industry Sectors," Journal of Business Ethics, Springer, vol. 110(4), pages 441-456, November.
- Liu, Duan & Chen, Chang & Yao, Shujie & Yu, Nizhou, 2025. "Environmental litigation risk premium in corporate equity financing costs," Energy Economics, Elsevier, vol. 143(C).
- 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.
- Xue, Qinyuan & Jin, Yifei & Zhang, Cheng, 2024. "ESG rating results and corporate total factor productivity," International Review of Financial Analysis, Elsevier, vol. 95(PA).
- Wellalage, Nirosha & Reddy, Krishna & Wallace, Damien, 2023. "Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic," Finance Research Letters, Elsevier, vol. 58(PA).
- Patrick Velte, 2023. "Which institutional investors drive corporate sustainability? A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 42-71, January.
- Qin, Jiaqi & Yang, Xue & He, Qing & Sun, Lingxia, 2021. "Litigation risk and cost of capital: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Bhutta, Umair Saeed & Tariq, Adeel & Farrukh, Muhammad & Raza, Ali & Iqbal, Muhammad Khalid, 2022. "Green bonds for sustainable development: Review of literature on development and impact of green bonds," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
- R. Benkraiem & M. Qureshi & A. Saeed & C. Zopounidis, 2024. "Corporate Social Responsibility, Carbon Footprints and Stock Market Valuation," Post-Print hal-04679536, HAL.
- Julian F. Kölbel & Timo Busch & Leonhardt M. Jancso, 2017. "How Media Coverage of Corporate Social Irresponsibility Increases Financial Risk," Strategic Management Journal, Wiley Blackwell, vol. 38(11), pages 2266-2284, November.
- Wang, Xiaolin & Ye, Yingying, 2024. "Government-initiated corporate social responsibility and performance growth—Evidence from enterprise engagement in targeted poverty alleviation in China," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
- David Newton & Steven Ongena & Ru Xie & Binru Zhao, 2022.
"Banks vs. Markets: Are Banks More Effective in Facilitating Sustainability?,"
Swiss Finance Institute Research Paper Series
22-22, Swiss Finance Institute.
- Newton, David P. & Ongena, Steven & Xie, Ru & Zhao, Binru, 2022. "Banks vs. markets: Are banks more effective in facilitating sustainability?," BOFIT Discussion Papers 5/2022, Bank of Finland Institute for Emerging Economies (BOFIT).
- Cosma, Simona & Rimo, Giuseppe & Schwizer, Paola, 2025. "Environmental controversies, environmental fines and firms’ default risk," Research in International Business and Finance, Elsevier, vol. 77(PA).
- Cedric E. Dawkins, 2018. "Elevating the Role of Divestment in Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 153(2), pages 465-478, December.
- Wassim Dbouk & Dawei Jin & Haizhi Wang & Jianrong Wang, 2018. "Corporate Social Responsibility and Rule 144A Debt Offerings: Empirical Evidence," IJFS, MDPI, vol. 6(4), pages 1-18, November.
- 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).
- 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).
- 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.
- Naseer, Mirza Muhammad & Guo, Yongsheng & Bagh, Tanveer & Zhu, Xiaoxian, 2024. "Sustainable investments in volatile times: Nexus of climate change risk, ESG practices, and market volatility," International Review of Financial Analysis, Elsevier, vol. 95(PB).
- Hossain, Ashrafee T. & Masum, Abdullah-Al, 2022. "Does corporate social responsibility help mitigate firm-level climate change risk?," Finance Research Letters, Elsevier, vol. 47(PB).
- Vitor Azevedo & Christoph Kaserer & Lucila M. S. Campos, 2021. "Investor sentiment and the time-varying sustainability premium," Journal of Asset Management, Palgrave Macmillan, vol. 22(7), pages 600-621, December.
- Bing Yu & Shengxiong Wu & Mary Jane Lenard, 2022. "Do Ethical Companies Have High Stock Prices or High Returns?," JRFM, MDPI, vol. 15(2), pages 1-15, February.
- Chen, Zhang-Hangjian & Kang, JingWen & Koedijk, Kees G. & Gao, Xiang & Gu, ZhenHua, 2024. "Short-term market reactions to ESG ratings disclosures: An event study in the Chinese stock market," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
- Hossain, Ashrafee & Masum, Abdullah-Al & Rjiba, Hatem, 2025. "Fear of fairness in courts: The impact of liberal judge ideology on corporate carbon emissions," International Review of Financial Analysis, Elsevier, vol. 101(C).
- He, Guanming & Li, Zhichao & Yu, Ling & Zhou, Zhanqiang, 2023. "Contribution to poverty alleviation: A waste or benefit for corporate financing?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 89(C).
- Nguyen, Minh Nhat & Liu, Ruipeng & Li, Youwei, 2025. "Performance of energy ETFs and climate risks," Energy Economics, Elsevier, vol. 141(C).
- Lei, Ni & Miao, Qin & Yao, Xin, 2023. "Does the implementation of green credit policy improve the ESG performance of enterprises? Evidence from a quasi-natural experiment in China," Economic Modelling, Elsevier, vol. 127(C).
- Ayton, Julie & Krasnikova, Natalia & Malki, Issam, 2022. "Corporate social performance and financial risk: Further empirical evidence using higher frequency data," International Review of Financial Analysis, Elsevier, vol. 80(C).
- Xie, Xuejing & Gong, Yukai & Cheng, Le, 2025. "Managerial myopia and carbon emission: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
- Reinier de Adelhart Toorop & Dirk Schoenmaker & Willem Schramade, 2024. "Decision Rules for Corporate Investment," IJFS, MDPI, vol. 12(1), pages 1-15, March.
- Bin Li & Peixiang Guo & Yating Zeng, 2019. "The Impact of Haze on the Availability of Company Debt Financing: Evidence for Sustainability of Chinese Listed Companies," Sustainability, MDPI, vol. 11(3), pages 1-21, February.
- Yusifzada, Leyla & Lončarski, Igor & Czupy, Gergely & Naffa, Helena, 2025. "Return trade-offs between environmental and social pillars of ESG scores," Research in International Business and Finance, Elsevier, vol. 75(C).
- Huang, Qiping & Li, Yongjia & Lin, Meimei & McBrayer, Garrett A., 2022. "Natural disasters, risk salience, and corporate ESG disclosure," Journal of Corporate Finance, Elsevier, vol. 72(C).
- Fabio Pizzutilo & Massimo Mariani & Alessandra Caragnano & Marianna Zito, 2020. "Dealing with Carbon Risk and the Cost of Debt: Evidence from the European Market," IJFS, MDPI, vol. 8(4), pages 1-10, October.
- Sun, Zeyu & Li, Xiaohui & Xie, Jing & Cheng, C.S., 2023. "How does dividend payout affect corporate social responsibility? A channel analysis," Journal of Financial Stability, Elsevier, vol. 68(C).
- Song, Jiayi, 2024. "Corporate ESG performance and human capital investment efficiency," Finance Research Letters, Elsevier, vol. 62(PB).
- Ramelli, Stefano & Ossola, Elisa & Rancan, Michela, 2020. "Climate Sin Stocks: Stock Price Reactions to Global Climate Strikes," JRC Working Papers in Economics and Finance 2020-03, Joint Research Centre, European Commission.
- 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).
- 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.
- Ren, Xiaohang & Li, Wenqi & Duan, Kun & Urquhart, Andrew, 2025. "Carbon risk and debt financing: An international perspective," Journal of International Money and Finance, Elsevier, vol. 153(C).
- Vu, Thanh Nam & Lehkonen, Heikki & Junttila, Juha-Pekka & Lucey, Brian, 2025. "ESG investment performance and global attention to sustainability," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
- Qiaoyan Sheng & Xuan Zheng & Nian Zhong, 2021. "Financing for sustainability: Empirical analysis of green bond premium and issuer heterogeneity," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 107(3), pages 2641-2651, July.
- Shen, Carl Hsin-han & Zhang, Hao, 2020. "What's good for you is good for me: The effect of CEO inside debt on the cost of equity," Journal of Corporate Finance, Elsevier, vol. 64(C).
- Hassan, M. Kabir & Chiaramonte, Laura & Dreassi, Alberto & Paltrinieri, Andrea & Piserà, Stefano, 2023. "Equity costs and risks in emerging markets: Are ESG and Sharia principles complementary?," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
- Benjamin Hübel & Hendrik Scholz, 2020. "Integrating sustainability risks in asset management: the role of ESG exposures and ESG ratings," Journal of Asset Management, Palgrave Macmillan, vol. 21(1), pages 52-69, February.
- Hu, Xiaoxue & Li, Dongxu & Wang, Jingni, 2024. "Green-selecting: Foreign institutional ownership and corporate green practices," Finance Research Letters, Elsevier, vol. 62(PB).
- Kabderian Dreyer, Johannes & Smith, William, 2024. "Proportional warm-glow theory and asset pricing," Journal of Behavioral and Experimental Finance, Elsevier, vol. 41(C).