Results 71 to 80 of about 4,304,794 (278)
From Text to Value: Measuring and Pricing Firm Climate Risk Exposure
Business Strategy and the Environment, EarlyView.ABSTRACT We examine how the prominence and tone of climate risk disclosures affect firm value and strategic climate positioning for large European nonfinancial companies. We developed a firm‐level climate risk exposure (CRE) index that assesses climate risks within corporate narratives across four EU categories: transition risk, physical risk ...
Stefano Dell'Atti +2 more
wiley +1 more source
Constructing a measure of industry-specific human capital using Tobin's q theory [PDF]
In this paper, we develop a measure of industry specific human capital using the Tobin's q theory. The measure is derived from a structural model of heterogeneous knowledge labor, which is homogeneous physical labor embodied with industry specific human ...
Kam-Ki Tang, Yi-Ping Tseng
core
Supply Chain Network, ESG Scores and Financial Performance
Business Strategy and the Environment, EarlyView.ABSTRACT This paper provides novel evidence on the role of supply chain networks in influencing firms' environmental, social and governance (ESG) scores and financial performance. Our analysis employs financial, board, ESG and supply chain data, resulting in an unbalanced panel of over 16,000 firm‐year observations from 3028 publicly traded US firms ...
Michail Filippidis +2 more
wiley +1 more source
Tobin's Q and Financial Policy [PDF]
Recent research in macroeconomics has emphasized the importance of linking the financial and real sectors and the need for working with optimizing models.
Robert S. Chirinko
core
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
Tobin's Q for Canadian firms [PDF]
, 1998 Defined as the ratio of market value to replacement cost of tangible assets, Tobin's q is commonly used as a performance measure in research. Although the use of the q ratio is theoretically appealing, its empirical construction is subject to ...
Nathalie., Han Kin Sang
core +1 more source
Relative Factor Price Changes and Equity Prices [PDF]
This paper suggests that the decline in equity prices, and thus in Tobin's average q, during the 1970s may be attributable to changes in expected relative factor prices.
Peter J. Elmer, Patric H. Hendershott
core
Business Strategy and the Environment, EarlyView.ABSTRACT Focusing on firm‐size heterogeneity, this study examines how institutional reform reshapes the effects of environmental, social, and governance (ESG) disclosure on firm value. Using 2019–2023 panel data on 1427 Japanese listed firms (before and after the 2022 Tokyo Stock Exchange reorganization and Corporate Governance Code revision), this ...
Akio Nakashima, Kimitaka Nishitani
wiley +1 more source
Tobin's Q, investment, and endogenous adjustment of financial structure [PDF]
An analysis of a q model of investment in which financial structure affects firm value, using a perfect foresight model of general equilibrium that includes a debt-related agency cost; uses the comparative statics and dynamics of changing the corporate ...
William P. Osterberg
core
Business Strategy and the Environment, EarlyView.ABSTRACT Firms' strategic decision‐making relies not only on their own information but also on that disclosed by supply chain partners. While research recognizes buyers' importance in green innovation, the impact of their information disclosure remains underdeveloped. Drawing on the extended resource‐based view, this study investigates the joint effect
Yang Yang, Yan Jiang
wiley +1 more source