As global environmental problems become increasingly severe, environmental accounting and corporate social (environmental) responsibility have become hot topics in research, but there is still a lack of clear understanding of corporate environmental irresponsibility(CEIR) and the driving factors...

We consider a financial model with permanent price impact. Continuous time trading dynamics are derived as the limit of discrete rebalancing policies. We then study the problem of super-hedging a European option. Our main result is the derivation of a quasi-linear pricing equation. It holds in...