Do Banks Price ESG Performance? Regional Evidence From Europe and the United States
European Financial Management, EarlyView.ABSTRACT This study examines whether corporate ESG performance affects syndicated loan spreads and whether the effect differs between Europe and the United States. Using LPC DealScan loans matched with Refinitiv ESG ratings for 2010–2023, we find that higher ESG scores are associated with lower loan spreads; a one‐standard‐deviation increase implies a ...
Md Nurul Islam Sohel +3 more
wiley +1 more source
Pulling the Trigger: Activating Rating Triggers Under COVID-19
, 2021 Raveh-Burstein N.
europepmc +1 more source
Green Versus Sustainable Loans: The Impact on Firms' ESG Performance
European Financial Management, EarlyView.ABSTRACT This paper studies the development of a firm's Environmental, Social, and Governance (ESG) performance following the issuance of “green loans” earmarked for green projects versus “sustainable loans” benchmarked by ESG criteria. Firms issuing green loans improve environmental performance, particularly by reducing emissions, but experience ...
H. Özlem Dursun‐de Neef +2 more
wiley +1 more source
From degradation to reproduction: Environmental justice and the racialized politics of environmental quality in Detroit. [PDF]
Environ Plan E Nat SpaceVan Lier N.
europepmc +1 more source
Essays on Transitory Liquidity, Debt-Equity Choices, and Debt Covenants
, 2017 This dissertation includes three empirical researches on the issues of financial economics: stock liquidity, capital structure, and debt covenants. The first paper focuses on transitory liquidity and examines it as well-performing market-timing indicator
蔡昕俞, Tsai, Hsin-Yu
core
Lender‐Affiliated Analysts and Syndicated Loans
Financial Management, EarlyView.ABSTRACT Loans to borrowers covered by affiliated analysts have lower spreads. This effect is driven mostly by affiliated analysts sharing information with, rather than demanding information from, lending arms. Exploiting plausibly exogenous changes in brokerage affiliations, we find that the results are likely to be causal.
Yongqiang Chu, Tao Ma, Cong (Roman) Wang
wiley +1 more source
Piercing the corporate veil system and creditors protection: Based on the investigation of debt paying ability--Empirical evidence from the 2005 Company Law amendment. [PDF]
PLoS OneTian J, Chen Z, Zhu Y.
europepmc +1 more source
Brand Equity and Debt Diversification
Financial Management, EarlyView.ABSTRACT This study examines how brand equity influences the diversity of firms’ debt structures. We propose that brand equity, by signaling larger and more stable future cash flows and greater product market awareness, alters the fundamental trade‐offs that drive optimal debt type diversity.
David C. Mauer +2 more
wiley +1 more source
Persistence of mortgage lending bias in the United States: 80 years after the Home Owners' Loan Corporation security maps. [PDF]
J Race Ethn City, 2022 Namin S +6 more
europepmc +1 more source