The Importance of Climate Risks for Institutional Investors
According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their...
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Why do Investors Vote Against Corporate Directors?
We analyze voting records for management proposals and find that investors today hold directors accountable for a much wider range of issues, such as...
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The Role of Disclosure in Green Finance
We study the design features of disclosure regulations that seek to trigger the green transition of the global economy and ask...
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Toxic CEOs, ESG Funds as Watchdogs, and the Labor Market Outcomes
I examine changes in CEO labor market outcomes following corporate environmental failures. CEOs of firms subject to Environmental Protection Agency...
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Biodiversity Finance
The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable finance. This study sheds light on this...
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Codification In Company Law of General CSR Requirements: Pioneering Recent French Reforms and EU Perspectives
This paper deals mainly with recent French and European developments regarding integration of CSR requirements into company law. The new provisions of...
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Climate Risk and Capital Structure
We use firm-level data that measure forward-looking physical climate risk to examine the impact of climate risk on capital structure. We find...
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Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?
In light of the transition away from fossil fuel–based energy, this paper highlights the importance of understanding who controls vital parts of the...
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Private Companies: The Missing Link on The Path to Net Zero
Global consensus is growing on the contribution that corporations and finance must make towards the net-zero transition in line with the Paris...
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Corporate Decarbonization under Financial Constraints: International Evidence
Climate change is the biggest environmental challenge facing the world today, and corporate commitments to decarbonization are vital to combat this...
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Outsourcing Climate Change
This paper examines whether and how firms combat climate change. Our study provides robust evidence that firms outsource part of their carbon emissions...
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The Making and Meaning of ESG
ESG is one of the most notable trends in corporate governance, management, and investment of the past two decades. It is at the center of the largest and...
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