Debt Valuation Effects when there is Foreign Currency-Denominated Debt [PDF]
This paper discusses the way in which the existence of debt denominated in both domestic and foreign currency affects debt-sustainability analyses. Ignoring valuation issues can lead to misleading conclusions regarding fiscal sustainability. We show that
Claudia Martínez, Rodrigo Vergara.
core
Nudging ESG Investments via Digital Financial Advising: Evidence From an Investment Game Experiment
Business Strategy and the Environment, EarlyView.ABSTRACT The influence of financial advisors on retail investors' sustainable investment choices remains surprisingly underexplored, despite their potential to shape investment behavior. This study uses an experimental design to examine how sustainability‐related information provided by a digital (simulated) financial advisor affects individual demand ...
Caterina Lucarelli +2 more
wiley +1 more source
The menu approach to developing country external debt : an analysis of commercial banks'choice behavior [PDF]
This study provides evidence that bank characteristics are significant determinants of commercial-bank choice behavior when confronted with a menu of options.
Demirguc-Kunt, Asli, Diwan, Ishac
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Green Talk, Costly Walk: The Financial Cost of Greenwashing
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the financial consequences of greenwashing, operationalized as the misalignment between ESG disclosure and actual ESG performance. While prior research has explored the reputational and ethical dimensions of greenwashing, its impact on firms' cost of debt remains underexamined.
S. Taddeo, A. Regoli, O. Weber, R. Carè
wiley +1 more source
Organizational Resilience to Exogenous Shocks: The Role of Environmental Performance
Business Strategy and the Environment, EarlyView.ABSTRACT This research examines the influence of environmental performance on organizational resilience during an exogenous shock. Drawing on the natural resource–based view, a sample of 3920 firms from 11 sectors and 19 countries is analyzed. This study employs OLS regressions and Cox proportional hazard models to test the effect of environmental ...
Tim Schroll
wiley +1 more source
Report on the Roundtable Talk ‘Trump’s Tariff Policy and the Reshaping of the World Order – the End of Orthodoxy or the Beginning of the New Normal?’ [PDF]
Financial and Economic ReviewPál Péter Kolozsi
doaj
Powering Transparency: Global Drivers of Sustainability Reporting in the Electricity Sector
Business Strategy and the Environment, EarlyView.ABSTRACT We examine the drivers of sustainability reporting quality (QSR), conceptualised along two complementary dimensions, relevance and reliability, to assess how firm‐level attributes and institutional conditions jointly shape disclosure practices in the electricity sector.
Alva Marasigan +3 more
wiley +1 more source
How does Brady-type commercial debt restructuring work? [PDF]
The Brady Plan is a pragmatic approach to debt restructuring that combines the relatively recent feature of debt and debt service reduction and the support of official creditors.
Mukherjee, Mohua
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Debt concentration and secondary market prices [PDF]
Using a model that distinguishes between large money center banks and smaller regional banks, this paper shows that the percentage of a country's debt held by the large banks affects the secondary market price of that country's debt: the higher the ...
Fernandez, Raquel, Ozler, Sule
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