ESG performance and corporate risk-taking: Evidence from China
F He, C Ding, W Yue, G Liu - International Review of Financial Analysis, 2023 - Elsevier
Corporate environmental, social and governance (ESG) is vital for sustainable growth, while
the motivation of corporate ESG engagement could decide whether ESG participation is …
the motivation of corporate ESG engagement could decide whether ESG participation is …
The effects of digital finance and financial constraint on financial performance: Firm-level evidence from China's new energy enterprises
Y Wu, S Huang - Energy Economics, 2022 - Elsevier
Sustainable development comprises two key factors: new energy and digital finance. In the
case of China, given the significant investment and financing problem that confronts its new …
case of China, given the significant investment and financing problem that confronts its new …
Does better environmental, social, and governance induce better corporate green innovation: The mediating role of financing constraints
Y Zhai, Z Cai, H Lin, M Yuan, Y Mao… - Corporate Social …, 2022 - Wiley Online Library
Green innovation is a key way for firms to establish competitive advantage and contribute to
sustainable development, but it often suffers from financing constraints. In this regard …
sustainable development, but it often suffers from financing constraints. In this regard …
Green bonds, financing constraints, and green innovation
T Wang, X Liu, H Wang - Journal of Cleaner Production, 2022 - Elsevier
This study explores the impact of green bond issuance on green innovation and green
technologies. With the deepening of China's supply-side reform, the government and …
technologies. With the deepening of China's supply-side reform, the government and …
Does the implementation of green credit policy improve the ESG performance of enterprises? Evidence from a quasi-natural experiment in China
N Lei, Q Miao, X Yao - Economic Modelling, 2023 - Elsevier
The extant literature has largely overlooked how green credit policy (GCP) affects corporate
environmental, social, and governance (ESG) performance, which is important in assessing …
environmental, social, and governance (ESG) performance, which is important in assessing …
The pollution premium
This paper studies the asset pricing implications of industrial pollution. A long‐short portfolio
constructed from firms with high versus low toxic emission intensity within an industry …
constructed from firms with high versus low toxic emission intensity within an industry …
Open source cross-sectional asset pricing
AY Chen, T Zimmermann - Critical Finance Review, Forthcoming, 2021 - papers.ssrn.com
We provide data and code that successfully reproduces nearly all cross-sectional stock
return predictors. Our 319 characteristics draw from previous meta-studies, but we differ by …
return predictors. Our 319 characteristics draw from previous meta-studies, but we differ by …
Replicating anomalies
Most anomalies fail to hold up to currently acceptable standards for empirical finance. With
microcaps mitigated via NYSE breakpoints and value-weighted returns, 65% of the 452 …
microcaps mitigated via NYSE breakpoints and value-weighted returns, 65% of the 452 …
Sustainable behaviors and firm performance: The role of financial constraints' alleviation
Financial mechanisms play a vital role in maintaining firm performance alongside
sustainable growth practices, which include factors such as low-carbon emissions, green …
sustainable growth practices, which include factors such as low-carbon emissions, green …
Cybersecurity risk
Based on textual analysis and a comparison of cybersecurity risk disclosures of firms that
were hacked to others that were not, we propose a novel firm-level measure of cybersecurity …
were hacked to others that were not, we propose a novel firm-level measure of cybersecurity …