Results 101 to 110 of about 529,393 (264)
Sustainable plans and debt [PDF]
This paper presents a simple general equilibrium model of optimal taxation similar to that of Lucas and Stokey (1983), except that we let the government default on its debt.
V.V. Chari, Patrick J. Kehoe
core
Air Pollution, Investor Attention, and Greenium: An Attention‐Based View
Business Strategy and the Environment, EarlyView.ABSTRACT Although prior research has highlighted the growing importance of green bonds and their sensitivity to environmental conditions, evidence regarding the existence of a green‐bond premium (“greenium”) remains inconclusive. As an innovative financial instrument whose valuation depends partly on the credibility of its environmental certification ...
Huimin Zhao, Xi Xu, Jing A. Zhang
wiley +1 more source
The Determinants of Household Debt Defa [PDF]
Based on a new dataset obtained from survey data, we study household debt default behavior in Chile. Previous research in this area suggests financial and personal variables that can help estimate individual and group probabilities of default.
Natalia Gallardo +2 more
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Business Strategy and the Environment, EarlyView.ABSTRACT Against the backdrop of aligning digital expansion with green growth objectives, exploring effective financial support pathways for firms' digital–green synergistic transformation (DGST) holds significant theoretical and practical value. This study examines the impact, mechanisms, and heterogeneity of patent pledge financing on firms' DGST ...
An Pan, Puyu Mi, Yijiao Shi, Xunpeng Shi
wiley +1 more source
Willingness to pay and the sovereign debt contract [PDF]
This paper uses a contract theory model to argue that covenants ruling debt renegotiations are important to assure the sovereign willingness to pay. The model includes the following features: first, collective action clauses, exit consents, aggregation ...
Roque B. Fernández +1 more
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Sustainable Corporate Loans: A Systematic Literature Review and Future Research Agenda
Business Strategy and the Environment, EarlyView.ABSTRACT This paper presents a systematic literature review of sustainable corporate loans (SCLs), including green loans and sustainability‐linked loans, to synthesise current academic knowledge and outline future research directions. Using a PRISMA protocol and a bibliometric analysis of 102 peer‐reviewed articles published in AJG‐ranked journals (3 ...
Md Nurul Islam Sohel +3 more
wiley +1 more source
Risk and the role of collateral in debt renegotiation [PDF]
In his basic model of debt renegotiation, BESTER [1994] argues that collateral is more effective if high risk projects are financed. This result, however, crucially depends on the definition of risk.
Stadler, Manfred, Neus, Werner
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The Fading Premium: Environmental and Financial Performance Across Nordic Industries
Business Strategy and the Environment, EarlyView.ABSTRACT The relationship between environmental and financial performance remains one of the most studied and least settled questions in business research. Using a panel of 741 Nordic listed firms from 2018 to 2025, we study how industry, time, firm resources, and the substance of engagement condition it. Industry determines where a relationship exists
Ane C. H. Jensen +2 more
wiley +1 more source
Are Corporate Default Probabilities Consistent with the Static Tradeoff Theory? [PDF]
Default probability plays a central role in the static tradeoff theory of capital structure. We directly test this theory by regressing the probability of default on proxies for costs and benefits of debt.
Armen Hovakimian +2 more
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Forward‐Looking ESG Relevance and Corporate Performance: Evidence From Credit Ratings
Business Strategy and the Environment, EarlyView.ABSTRACT How does the relevance of ESG issues relate to firm performance, and does ESG relevance moderate the relationship between ESG engagement and firm financial outcomes? Using a novel indicator introduced by Fitch Ratings, we provide new empirical evidence to answer these questions.
Alper Kara +2 more
wiley +1 more source