Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review
This study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and...
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Corporate Purpose and Sustainability
An increasing number of firms make reference to the pursuit of environmental and social goals in the definition of their purpose. This raises...
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Trust, Social Capital, and the Bond Market Benefits of ESG Performance
We investigate whether a firm’s social capital, and the trust that it engenders, are viewed favorably by bondholders. Using firms’ environmental...
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ESG Rating Disagreement and Stock Returns
Using ESG ratings from seven different data providers for a sample of S&P 500 firms between 2010 and 2017, we study the relation...
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Firm-level Climate Change Exposure
We introduce a method that identifies climate change exposure from earnings conference calls of 10,158 firms from 34 countries. The method...
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Sustainable Corporate Governance: A Way Forward
The recently published ‘Study on directors’ corporate governance duties and sustainable’ prepared by Ernst and Young for the European...
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A Sustainable Platform Economy & the Future of Corporate Governance
A significant development in the global economy over the last two decades has been the emergence of businesses that organize and define themselves as...
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Will the EU Taxonomy Regulation Foster a Sustainable Corporate Governance?
EU securities regulation has established a taxonomy of environmentally sustainable activities. This article discusses, from a law...
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Leviathan Inc. and Corporate Environmental Engagement
In a 2010 special report, The Economist magazine termed the resurgence of state-owned, publicly listed enterprises “Leviathan Inc.” and...
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Contracts with (Social) Benefits: The Implementation of Impact Investing
We draw on new data and theory to examine how private market contracts adapt to serve multiple goals, particularly the social-benefit goals that impact...
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Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows
Examining a shock to the salience of the sustainability of the US mutual fund market, we present causal evidence that investors marketwide value...
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Global Shareholder Stewardship: Complexities, Challenges, and Possibilities
Within less than twenty years the idea of shareholder stewardship has become a global phenomenon. In 2010, the United Kingdom hastily released the...
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