Central Bank Purchases and Corporate Bond Issuance during the Pandemic: The Case of Japan
Abstract In its massive purchases of corporate bonds during the COVID‐19 pandemic, the Bank of Japan set the maximum eligible remaining maturity at 5 years. I document that during the postpandemic period, Japanese firms increased bond issuance, with the increase concentrated in (1) issuance of bonds with eligible maturities (1–5 years) and (2 ...
Yusuke Tsujimoto
wiley +1 more source
Are companies responding to minimum wage increases by reducing corporate social responsibility? [PDF]
Wang H, Zhang T, Wang X.
europepmc +1 more source
Abstract This article examines how salient sustainability risks from near‐miss natural disasters influence board composition. Using a difference‐in‐differences design, I find that firms located in counties neighboring disaster‐affected areas significantly increase the presence of directors with sustainability expertise following the disaster.
Bo Wang
wiley +1 more source
Corporate social (ir)responsibility and firm risk: The role of corporate governance
Abstract We study how corporate governance moderates the relationship between corporate social responsibility (CSR), corporate social irresponsibility (CSI), and firm risk. We find that CSR reduces risk for firms with strong governance. In contrast, CSI increases firm risk more significantly for firms with stronger governance, suggesting that backlash ...
Craig Dunbar +2 more
wiley +1 more source
KoTaP: A Panel Dataset for Corporate Tax Avoidance, Performance, and Governance in Korea. [PDF]
Na H +5 more
europepmc +1 more source
ESG, Bank Debt and Firm Value: A Signaling Perspective
ABSTRACT This paper delves into the influence of bank debt in shaping the relationship between environmental, social, and governance (ESG) performance and a firm's value. As a result of the superior informational and monitoring functions of bank borrowers in their lending relationships, we argue that a firm's degree of bank debt might signal the ...
Gabriel De la Fuente, Pilar Velasco
wiley +1 more source
Examining how fiscal policies influence innovation in TCM enterprises: the role of R&D investment and executives with pharmaceutical backgrounds. [PDF]
Guo D, Qi L, Song X.
europepmc +1 more source
Best Before? Expiring Central Bank Digital Currency and Loss Recovery
Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN +2 more
wiley +1 more source
Can digital transformation promote the green innovation quality of enterprises? Empirical evidence from China. [PDF]
Huang Y, Lau CW.
europepmc +1 more source

