Results 51 to 60 of about 1,026,011 (234)
Continuous Equilibrium in Affine and Information-Based Capital Asset Pricing Models [PDF]
arXiv, 2012 We consider a class of generalized capital asset pricing models in continuous time with a finite number of agents and tradable securities. The securities may not be sufficient to span all sources of uncertainty. If the agents have exponential utility functions and the individual endowments are spanned by the securities, an equilibrium exists and the ...
arxiv
Does Climate Change Risk Impact Insurance Credit Risk? Cross Country Evidence
Business Strategy and the Environment, EarlyView.ABSTRACT While climate change poses a significant financial risk to the insurance industry, research has not yet examined the impact on the insurer's credit risk. This study investigates the impact of climate change risks on credit risk for insurance firms.
Jassem Alokla +2 more
wiley +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT Over the past two decades, eco‐innovation (EI) has emerged as a priority for both national and international public authorities due to its potential to drive sustainable development and enhance resilience in business and regional contexts.
Beatriz Forés
wiley +1 more source
Sustainability Performance and Its Impact on Financial Distress Risk—Evidence From STOXX Europe 600
Business Strategy and the Environment, EarlyView.ABSTRACT Sustainability performance (SP) has emerged as a central topic on both corporate and political agendas worldwide. This study investigated the relationship between SP and financial distress risk (FDR) among European listed firms, addressing the growing importance of SP in financial decision‐making.
Marcel Seefloth +4 more
wiley +1 more source
New Solutions for Old Problems: Exploring Business Model Innovation in Food Sharing Platforms
Business Strategy and the Environment, EarlyView.ABSTRACT Food insecurity and food waste are among the main contemporary global challenges facing us. Although problematic for societies over a long period, their greater prominence in the post‐pandemic scenario makes the need to find appropriate solutions, at both supply and consumption levels, increasingly urgent. Thus, while not new, there has been a
Cecilia Grieco, Alberto Morgante
wiley +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the body of literature on decarbonization management practices that use renewable resources and green technologies to meet zero‐carbon energy targets for achieving Sustainable Development Goal (SDG) 13 to ‘Take urgent action to combat climate change and its impacts’.
Assunta Di Vaio +3 more
wiley +1 more source
Hedging and Leveraging: Principal Portfolios of the Capital Asset Pricing Model [PDF]
arXiv, 2013 The principal portfolios of the standard Capital Asset Pricing Model (CAPM) are analyzed and found to have remarkable hedging and leveraging properties. Principal portfolios implement a recasting of any correlated asset set of N risky securities into an equivalent but uncorrelated set when short sales are allowed.
arxiv
Endogenous Representation of Asset Returns [PDF]
arXiv, 2020 Factor modeling of asset returns has been a dominant practice in investment science since the introduction of the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). The factors, which account for the systematic risk, are either specified or interpreted to be exogenous.
arxiv
Competing Institutional Logics in Corporate ESG: Evidence From Developing Countries
Business Strategy and the Environment, EarlyView.ABSTRACT Drawing on competing institutional logics theory, we examine the institutional complexity of corporate sustainability practices in an underexplored context of developing economies. Analyzing 11,757 firm‐year observations from 19 emerging countries across Africa, Asia, Europe, and South America between 2013 and 2022, we document a U‐shaped ...
Wahyu Jatmiko +2 more
wiley +1 more source
Towards Green Growth Capability Development: A Knowledge‐Based Perspective
Business Strategy and the Environment, EarlyView.ABSTRACT Green growth, which balances a firm's growth aspirations with environmental stewardship, is gaining traction in the literature. However, the notion of green growth capability (GGC) as a foundation for firm‐level green growth strategy remains underexplored.
Polina Baranova +2 more
wiley +1 more source