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Corporate Political Ideology and Environmental Strategy: Evidence From US Toxic Releases

open access: yesBusiness Strategy and the Environment, EarlyView.
ABSTRACT This paper examines whether corporate political ideology shapes firms' environmental strategy and realized environmental performance. Using US political donation data matched to facility‐level toxic releases from the Toxics Release Inventory from 2000 to 2014, we measure corporate ideology by the share of firm and PAC contributions directed to
Mingyuan Chen   +3 more
wiley   +1 more source

Mitigating the Heat: The Role of AI Technology in Shielding Corporate Environmental Performance From Extreme Temperatures—Difference‐in‐Differences Evidence From Chinese Listed Firms

open access: yesBusiness Strategy and the Environment, EarlyView.
ABSTRACT Extreme heat has become a recurring operational challenge that disrupts production, raises energy and maintenance needs, and makes it harder for firms to sustain environmental performance. However, it remains less clear whether AI‐related capability is associated with firms' ability to maintain environmental performance under recurring extreme‐
Shangze Dai, Xinde James Ji, Kai Huang
wiley   +1 more source
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Secured Debt

2023
Abstract This chapter discusses the forms of real security that companies can give to lenders. Topics covered include the advantages of being a secured creditor, economic perspectives on secured debt, freedom of contract, consensual security interests, forms of property that can be used as security, forms of consensual real security ...
Eilís Ferran   +2 more
openaire   +1 more source

Debt and Social Security

2021
Social security has been debated to be one of the contributors of sovereign debt, especially during the latest (2008) financial crisis and the debt crisis that followed it. A series of econometric models is employed to find evidence that (at a significance level that depends on the model) public debt is positively correlated with pension assets ...
Thomas Poufinas   +2 more
openaire   +1 more source

Secured debt and managerial incentives

Review of Quantitative Finance and Accounting, 2011
Financial theory holds that firms can control agency costs through the use of short-term and secured debt. We examine the relation between the use of secured debt and the incentive of the manager to increase the risk of the firm, as measured by vega. We find that firms utilize secured debt to a lesser extent when managerial volatility sensitivity is ...
Michael J. Alderson   +2 more
openaire   +1 more source

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