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We propose a novel way of measuring the equity portfolio-level environmental and social characteristics of a 13F institution (the “sustainability footprint”) and examine the relation between sustainability footprints and risk-adjusted investment performance. The analysis shows that 13F...
Persistent link: https://www.econbiz.de/10011626640
examine the coordinating role (as engine) of human capital among the three pillars of sustainable development in Nigeria from … Nigeria. Hence, human capital formation leads to sustained economic growth with reducing environmental degradation. …
Persistent link: https://www.econbiz.de/10011664853
With CAIT WRI data for those countries which submitted quantifiable CO2 emission caps under the Copenhagen Agreement, this note supports the existence of a long run relationship between CO2 emissions and GDP in 11 of the 26 countries in our sample over the period 1980-2008. However, the...
Persistent link: https://www.econbiz.de/10009769635
Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...
Persistent link: https://www.econbiz.de/10011383084
Persistent link: https://www.econbiz.de/10002091371
The relationship between growth and pollution is studied through a vintage capital model, where new technology is more … cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome … the pollution-output relationship. -- Environmental quality ; Sustainable economic development ; Vintage capital model …
Persistent link: https://www.econbiz.de/10003731649
The objective of this paper is to provide an axiomatic foundation to the concept of ecological footprint indices. For this purpose, we propose five axioms representing general properties which any ecological footprint measure should fulfill. It can be shown that there exists a unique index which...
Persistent link: https://www.econbiz.de/10011944536
Persistent link: https://www.econbiz.de/10013334944
In this paper, we set forth a scoreboard for dealing with those risks that arise from the governance of any … organization. Firstly, we introduce the subject of governance risks and, secondly, we move on to a cardinal index that not only … measures up governance performance but also provides with a rate of governance risks. Next, we argue for protocol that builds …
Persistent link: https://www.econbiz.de/10009756250
We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of … services. We analyze the two-way interactions between blockchain governance and the market structure of the industries in the … blockchain ecosystem. Our main result is that the proof-of-work system leads to a situation where the governance of the …
Persistent link: https://www.econbiz.de/10011962959