Purpose Over the past two decades, the topics of Environmental, Social and Corporate
Governance (ESG) and Corporate Social Responsibility (CSR) have attracted an increasing …

Interest in environmental, social, and governance (ESG) issues is at an all-time high.
However, academic research is still relatively nascent, often leading us to apply gut feel on …

We develop a new measure of impact elasticity, defined as a firm's change in environmental
impact due to a change in its cost of capital. We show empirically that a reduction in …

We exploit unexpected corporate data breaches to study the loss and repair of corporate
reputation. Reputation loss decreases equity value and brand value, increases customer …

Purpose This study examines the intersection of emerging Islamic economies and the digital
economy in the context of the United Nations sustainable development goals (UN SDGs) …

We develop a bottom-up measure of US banks' exposures to climate transition risks from the
carbon footprint of their syndicated loan portfolios. Transition risk exposures have declined …

The rapidly growing research landscape in finance, encompassing environmental, social,
and governance (ESG) topics and associated Artificial Intelligence (AI) applications …

This paper studies the impact of voluntary climate commitments by banks on their lending
activity. We use administrative data on the universe of bank lending from 19 European …

We study whether exit policies by financial institutions have financial and real consequences
on the firms they target, using bank coal exit policies as a laboratory. In contrast to theories …

This paper examines how corporations respond to changes in ESG ratings criteria. Using
data from a leading ESG rater, we find that firms' reported performance on certain criteria …