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ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This study investigates the effect of corporate environmental, social, and governance (ESG) performance on credit risk using a sample of manufacturing firms listed on China's Shanghai and Shenzhen A‐share markets from 2009 to 2021. Employing fixed effects, the generalised method of moments, and instrumental variable models, we find that ...
Yanan Wang   +4 more
wiley   +1 more source

Third-party punishment and social norms [PDF]

open access: yesEvolution and Human Behavior, 2004
"We examine the characteristics and the relative strength of third party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic ...
Ernst Fehr, Urs Fischbacher
exaly   +2 more sources
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Group size effect and over-punishment in the case of third party enforcement of social norms

Journal of Economic Behavior and Organization, 2020
Kenju Kamei
exaly  

“Proof Under Reasonable Doubt”: Ambiguity of the Norm Violation as Boundary Condition of Third-Party Punishment

Personality and Social Psychology Bulletin, 2023
Daniel Toribio-Flórez   +2 more
exaly  

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