Pollution Permits and Financing Costs
Abstract Effective environmental policy should consider how the financiers of polluting firms behave. We study phase III of the EU Emission Trading System. Loan spreads for cap‐and‐trade participants are a function of compliance costs, permit market features, and firms’ strategic actions.
FABIO ANTONIOU +3 more
wiley +1 more source
What Are Asset Price Bubbles? A Survey on Definitions of Financial Bubbles
ABSTRACT Financial bubbles and crashes have repeatedly caused economic turmoil notably but not just during the 2008 financial crisis. However, both in the popular press as well as scientific publications, the meaning of bubble is sometimes unspecified.
Michael Heinrich Baumann +1 more
wiley +1 more source
The role of digitalization and ESG on financial performance: An empirical analysis on the Energy and Utilities sectors. [PDF]
Morea D +5 more
europepmc +1 more source
Artificial Intelligence in Climate and Sustainable Finance: A Blessing or a Curse?
ABSTRACT While there are concerns regarding the sustainability of artificial intelligence (AI), it is a potential ally in the transition toward a greener future. It offers advanced tools for data analysis; risk modeling; and environmental, social, and governance (ESG) assessment.
Filippo di Pietro +3 more
wiley +1 more source
Strategic equity compensation: A delphi-AHP approach to industry-specific governance design for RSUs. [PDF]
Park WA, Sernova E, Park CY.
europepmc +1 more source
Measuring Firm Greenness: A Comprehensive Review of Corporate Sustainability Indicators
ABSTRACT The major global challenges of climate change, environmental degradation, and resource scarcity have gained centrality in policymaking and academia, with a growing body of research exploring the interlinkages among economic growth, trade, environmental outcomes, and policy interventions.
Maria Laura Pupo, Anna D'Ambrosio
wiley +1 more source
Does China's corporate two-way foreign direct investment mitigate environmental pollution? [PDF]
Yang F, Chen T, Han L, Wang S.
europepmc +1 more source
Leader‐Follower Dynamics in Shareholder Activism
ABSTRACT We propose a theory of coordination and influence among blockholders. Privately informed activists time their trades in sequence to lower acquisition costs, prompting a strategic use of order flows: leader activists create trading gains for their followers, ultimately influencing their willingness to bear greater value‐enhancing intervention ...
DORUK CETEMEN +3 more
wiley +1 more source
Digital transformation as an ESG performance catalyst with insights from China's external governance. [PDF]
Lyu Y, Liu X, Lu Y.
europepmc +1 more source
The Mixed Gamble of Competitive Dynamics in Family‐Controlled Firms
Abstract We extend the mixed gamble perspective to explain how family‐controlled firms frame and evaluate the difficult trade‐off between potential gains and losses in financial wealth (FW) and socioemotional wealth (SEW) when pursuing portfolio‐level strategic initiatives, as captured by competitive aggressiveness and complexity.
Jaeyoung Cho +2 more
wiley +1 more source

