Increasing concerns regarding environment and sustainability drive firms to devote resources to green product development to satisfy customers’ preference and gain competitive advantage. Organizations require an effective learning orientation along with a market-based orientation in order to...

This paper investigates the impact of Contingent Convertible (CoCo bonds) on systemic risk. Based on the network and liquidity channel, we compare the differences in default contagion and clearing payment between financial systems with and without CoCo bonds. By analyzing the sensitivity of...