We study how regulation limiting ESG policies distorts financial market outcomes. In 2021 Texas enacted laws that prohibit municipalities from contracting with banks with certain ESG policies, leading to the exit of five of the largest municipal bond underwriters from the state. Issuers...

University of Miinesoota Ph.D. dissertation. February 2011. Major: Business Administration. Advisor: J. Myles Shaver. 1 computer file (PDF); x, 152 p. appendix p. 128-152.