We develop a model in which brown (high-emission) and green (clean-energy) firms compete and seek financing from banks and the capital market. We use...
Using a credit registry of European banks’ new loan issuance and content analysis on their environmental disclosures, we show that banks that discuss...
In recent years, there has been a significant increase in the issuance of sustainability-linked loans (SLLs), where loan contract terms depend on the...