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Corporations
Dane, Perry - 2020
This essay on Corporations is a chapter in an upcoming volume on economic theology edited by Stefan Schwarzkopf.The secular study of corporations has long regularly focused on three sets of concerns: (1) Is the idea of corporate “personhood” only a convenient shorthand for a complex set of...
Persistent link: https://www.econbiz.de/10012850918
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Corporate Social Responsibility, Credit Rating, and Private Debt Contracting : New Evidence from Syndicated Loan Market
Bae, Sung C. - 2017
We examine the impact of corporate social responsibility (CSR) activities on loan spreads of syndicated bank loans, with a particular interest in how CSR and credit ratings are interrelated as a joint determinant of loan spreads. Focusing on private debt contracts, we show that both CSR...
Persistent link: https://www.econbiz.de/10012960373
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The Role of Corporate Social Responsibility (CSR) Information in Supply-Chain Contracting : Evidence from the Expansion of CSR Rating Coverage
Darendeli, Alper; Fiechter, Peter; Hitz, Joerg-Markus; … - 2021
We examine the effects of CSR information on stakeholder decision-making, specifically on supply-chain contracting decisions. To obtain plausibly exogenous variation in CSR information, we exploit the 2017 CSR rating coverage expansion from Russell 1000 to Russell 2000 firms (hereafter,...
Persistent link: https://www.econbiz.de/10013237428
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The Pace of Change : Socially Responsible Investing in Private Markets
Gupta, Deeksha; Kopytov, Alexandr; Starmans, Jan - 2021
We study the pace at which socially responsible investors can induce firms to reduce negative externalities in private capital markets. Investors with broad preferences, who care about firm externalities independent of their ownership in the firm, value acquiring firms with high production...
Persistent link: https://www.econbiz.de/10013217410
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Does corporate financial performance promote ESG : evidence from US firms
Hamdi, Khalfaoui; Guenich, Hassan; Ben Saâda, Moufida - In: Cogent business & management 9 (2022) 1, pp. 1-18
, during periods of high economic policy uncertainty, oil price uncertainty and leverage, the impact of companies' financial …
Persistent link: https://www.econbiz.de/10014444985
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Capital structure and its determinants - a comparison of European top-rated CSR and other companies
Krištofík, Peter; Medzihorský, Juraj; Musa, Hussam - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-16
tax rate and depreciation and amortization on leverage does not differ significantly between CSR and non-CSR companies … model of non-CSR companies. Also, the difference between the models regarding the relations of leverage and asset … tangibility is worth noting. Non-CSR companies with a higher proportion of fixed assets have lower leverage. This result was not …
Persistent link: https://www.econbiz.de/10013375126
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Aggregate confusion : the divergence of ESG ratings
Berg, Florian; Koelbel, Julian F.; Rigobón, Roberto - 2019
This paper investigates the divergence of environmental, social, and governance (ESG) ratings. Based on data from six prominent rating agencies - namely, KLD (MSCI Stats), Sustainalytics, Vigeo Eiris (Moody's), RobecoSAM (SP Global), Asset4 (Refinitiv), and MSCI IVA- we decompose the divergence...
Persistent link: https://www.econbiz.de/10012104392
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Are SRI funds conventional funds in disguise or do they live up to their name?
Nitsche, Christin; Schröder, Michael - 2015
In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...
Persistent link: https://www.econbiz.de/10010511288
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Are SRI funds conventional funds in disguise or do they live up to their name?
Nitsche, Christin; Schröder, Michael - 2015
In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...
Persistent link: https://www.econbiz.de/10010519456
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Impact Investing
Yasuda, Ayako - 2023
Impact investing is a class of investments that are designed to meet the non-pecuniary preferences of investors (or beneficiaries) and aim to generate a positive externality actively and causally through their ownership and/or governance of the companies they invest in. Impact investing emerged...
Persistent link: https://www.econbiz.de/10014350847