Is investment capital cheaper for green firms? Evidence from equity listings at Euronext - Oslo
https://d.repec.org/n?u=RePEc:hhs:stavef:2024_001&r=&r=cfn
Published: October 12, 2024 00:00
We investigate whether the sustainability profile of a firm affects the terms at which the firm list on a stock market. Given the evidence that sustainable firms have a lower cost of capital, we expect this to also be reflected in the issue terms at an…
Classes of homogeneous financing constraints and corporate investment
https://d.repec.org/n?u=RePEc:qmw:qmwecw:982&r=&r=cfn
Published: October 9, 2024 00:00
Does corporate finance literature accurately identify firms facing homogeneous financing constraints when studying the impact of financing constraints on corporate investment? The short answer is no. The common practice of using pre-determined percentiles…
Big loans to small businesses: predicting winners and losers in an entrepreneurial lending experiment
https://d.repec.org/n?u=RePEc:ehl:lserod:120637&r=&r=cfn
Published: September 20, 2024 00:00
We experimentally study the impact of relatively large enterprise loans in Egypt. Larger loans generate small average impacts, but machine learning using psychometric data reveals "top performers" (those with the highest predicted treatment effects)…
Optimal Bailouts in Diversified Financial Networks
https://d.repec.org/n?u=RePEc:pen:papers:24-026&r=&r=cfn
Published: September 14, 2024 00:00
Widespread default involves substantial deadweight costs which could be countered by injecting capital into failing firms. Injections have positive spillovers that can trigger a repayment cascade. But which firms should a regulator bailout so as to…
Environmental, Social, and Governance Performance and Financial Impacts: Comparative Analysis of Companies in Asia
https://d.repec.org/n?u=RePEc:ris:adbewp:0741&r=&r=cfn
Published: September 6, 2024 00:00
This study investigated environmental, social, and governance (ESG) performance and its financial impacts across 38 economies from 2013 to 2022, with a special focus on firms in Asia. The main findings are as follows. First, notable disparities in ESG…