Drawing on the frameworks of signaling and socially responsible investment (SRI) theoretical lens, we investigate the primary market demands for green bonds (GB). Using unique information on the orderbook size of bonds issued worldwide during 2013-2022, we find that the demand for corporate GB...

Philosophical underpinning is important in research as this leads to investigation as per a specific paradigm. Every subject domain has a dominant paradigm in which the research is carried out. This paper surveys various journal articles in finance, specifically in financial markets contagion...

Do managers time their investment decisions depending on the heterogeneity of the external conditions? To this extent, I propose a simple one-firm closed economy model to introduce, what I coin, investment-timing theory. I explain the model using the extreme rainfall conditions of excess and...

Among the Equity Valuation models, the Discounting of cash flow (DCF) uses the cost of equity capital as a discounting rate in determining the value of equity. The cost of equity capital is usually calculated using the CAPM. The capital asset pricing model is backwards looking as its components...