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The Pricing and Ownership of U.S. Green Bonds
(Annual Reviews, 2022-11)
We review the pricing and ownership of green bonds, whose proceeds are used for environmentally focused purposes. After presenting an overview of the literature on green securities and green bonds in particular, we summarize ...
Which Corporate ESG News Does the Market React To?
(Informa UK Limited, 2022-01-02)
We analyze 109,014 firm–day observations for 3,109 companies and examine market reaction to different ESG news. We find that prices react only to financially material ESG news, and the reaction is larger for news that is ...
Public Sentiment and the Price of Corporate Sustainability
(Informa UK Limited, 2020-03-30)
Combining corporate sustainability performance scores based on environmental, social, and governance (ESG) data with big data measuring public sentiment about a company’s sustainability performance, I find that the valuation ...
Research on Corporate Sustainability: Review and Directions for Future Research
(Now Publishers, 2020)
We review the literature on corporate sustainability and provide directions for future research. Our review focuses on three actions: measuring, managing and communicating corporate sustainability performance. Measurement ...