Climate Stress Testing on European SME Securitised Loans Under Climate Mitigation Scenarios
Business Strategy and the Environment, EarlyView.ABSTRACT Assessing the future impact of climate risks on the probability of default (PD) of small and medium enterprises (SMEs) is challenging due to limited disclosure, policy uncertainty and exposure to physical risks. This paper addresses this gap by integrating macroeconomic variables from the Network for Greening the Financial System (NGFS ...
Luca Zanin, Raffaella Calabrese
wiley +1 more source
ESG Governance and Employee Trust in the CEO: Strategic Complementarity in Firm Value
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines whether ESG governance and employee trust in the CEO jointly shape firm value. Using a panel of Korean listed firms from 2019 to 2021, we combine ESG governance evaluations, employee‐review‐based trust indicators, and both market‐based and accounting‐based outcomes.
Jaehyun Park
wiley +1 more source
Capital Structure, Corporate Taxation and Firm Age [PDF]
This paper analyzes the relationship between capital structure, corporate taxation and firm age. We adapt a standard model of optimal capital structure choice under corporate taxation, focusing on the financing and investment decisions a young firm is ...
Matthias St?ckl +2 more
core
Intraspecific trait variation mediates realized extinction and unpaid extinction debt in island ecosystems. [PDF]
New PhytolZhang A, Zhang S, Song Y, Yu M, Mao L.
europepmc +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT Financial capital is widely recognized as having the potential to provide investments needed for net‐zero transitions. While recent empirical studies reveal that financial digitalization and fintech have changed Chinese banks' loan portfolios and business models, they stem from credit restrictions on heavily polluting enterprises and from ...
Akihisa Mori
wiley +1 more source
Taxation and capital structure choice: evidence from a panel of German multinationals [PDF]
This paper analyzes the impact of taxes and lending conditions on the financial structure of multinationals? foreign affiliates. The empirical analysis employs a large panel of affiliates of German multinationals in 26 countries in the period from 1996 ...
Büttner, Thiess +3 more
core
Structured vulnerability: nationality stratifies wages, working conditions, and labor rights among migrant workers in Malaysian oil palm plantations. [PDF]
Front SociolDuhamel PN, Thammachote P, Hoo KC.
europepmc +1 more source
Debt structure and capital structure : based on bank debt renegotiation
Debt structure and capital structure : based on bank debt renegotiationThis paper proposes a model that determines optimal capital and debt structure when a firm uses two types of debt; a bank debt and a bond. Their difference lies in whether a firm can renegotiate with a creditor or not. Renegotiation with bondholders seems to be hard because bonds are dispersively held by many bondholders.
openaire +1 more source
Asset Redeployability and Biodiversity Risk
Business Strategy and the Environment, EarlyView.ABSTRACT We examine how asset redeployability influences a firm's exposure to biodiversity risk. Our empirical analysis provides robust evidence that firms possessing greater levels of redeployable assets exhibit significantly lower biodiversity risk.
Mostafa Monzur Hasan +2 more
wiley +1 more source
The Determinants of Capital Structure: The Used of Total Debt, Short Debt, Long Debt, and Bank Debt
, 2023 Dyah Arini Rudiningtyas +2 more
openaire +1 more source