The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street [PDF]
We use a standard single-agent model to conduct a simple consumption growth accounting exercise. Consumption growth is driven by news about current and expected future returns on the market portfolio.
Hanno Lustig, Stijn Van Nieuwerburgh
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Are Firms Penalized for Their Involvement in Human Rights Violations?
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT Increased transparency about harmful corporate human rights practices is often assumed to contribute to the prevention of such violations, as negative publicity may generate reputational damage for corporations. However, whether and when such reputational damage actually occurs, and in what shape, is unknown.
Peter‐Jan Engelen +3 more
wiley +1 more source
ASSET PRICING, GROWTH, AND THE BUSINESS CYCLE WITH IRREVERSIBLE INVESTMENT [PDF]
This paper advances a simple model that emphasizes the diversity of capital types, some of these types are long lived, while others are highly specific.
Miquel Faig
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Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT This study examines how firms respond to state‐level climate regulation depending on their ESG status. Using facility‐level emissions data and firm‐level ESG indicators, I employ a difference‐in‐differences strategy that exploits California's cap and trade program.
JunYun Kim
wiley +1 more source
The impact of prudent financial policies on the urban-rural household health expenditure disparity: evidence from China. [PDF]
Front Public HealthZou W, Dai Z, Li X.
europepmc +1 more source
Consumption Risk and International Asset Returns: Some Empirical Evidence [PDF]
The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that ...
Robert E. Cumby
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Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT This study investigates whether green bond issuance in the presence of environmental, social and governance (ESG) performance improvements affects banks' financial performance. Using a panel of 1738 bank‐year observations from 2009 to 2023, the study examines the efficacy of ESG pillars in enhancing the value of green bond issuance ...
Egidio Palmieri +2 more
wiley +1 more source
Does green credit promote real economic development? Dual empirical evidence of scale and efficiency. [PDF]
PLoS OneJiang S, Yuan X.
europepmc +1 more source
Fricciones crediticias y 'paradas repentinas' en pequeñas economías abiertas: un marco de equilibrio del ciclo económico para crisis en mercados emergentes [PDF]
(Disponible en idioma inglés únicamente) Las fricciones financieras son un elemento central de la mayoría de los modelos que ha propuesto la obra publicada sobre los mercados emergentes para explicar el fenómeno de las paradas repentinas. A la fecha, son
Cristina Arellano, Enrique Mendoza
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Improving the Economics of Sustainable Aviation Fuels: System‐Level Analyses and Perspective
ChemSusChem, EarlyView.A coproduction strategy is developed to address the economic and environmental limitations of sustainable aviation fuel (SAF) production. Using lignocellulosic biomass, the integrated process coproduces SAF, adipic acid, and furfural. Techno‐economic and life‐cycle analyses reveal improved profitability and a substantial reduction in carbon emissions ...
Sungil Yun +6 more
wiley +1 more source