This paper investigates whether a firm’s managerial ability affects the link between a firm’s cost of equity capital and corporate sustainability. We test our predictions by using a large U.S. sample of 17,389 firm-year observations. Our...
The purpose of this study was to identify the effect of a company’s incorporation into the Socially Responsible Investment (SRI) index on its cost of equity (COE) and corporate value. The study collected and analyzed data about the four-year long cha...
Based on agency theory, this study examines the association between the optimistic tone of earnings conference calls and the cost of equity capital using an unbalanced panel of 342 non-financial FTSE All-Share companies (987 firm-year observations) o...
Disclosure policy contributes to improve sustainable corporate information environment by mitigating information asymmetry surrounding companies. Economic theories generally support that more disclosures reduce the level of information asymmetry, inc...
This study examines the relationship between sustainability managed against downside risk and the cost of equity in the Korean stock market during the 2000–2016 period. We employ downside co-skewness and downside beta as a measure of downside r...
This study analyzes the effect of corporate social responsibility activities on the cost of equity in Korea. We find that firms with better corporate social responsibility (CSR) performance generally exhibit cheaper equity financing. Considering thre...
This paper tests the degree to which a sustainable relationship exists between financial leverage and the systematic risk of shareholders under the following capital market imperfections: corporate and personal taxes as well as risky debt and bankrup...
This research investigates the impact of bank-specific and macroeconomic variables on return on equity as a measure of bank profitability in Cambodia during the period 2014–2024. Based on panel estimation methods, including dynamic panel modeli...
With the Global Reporting Initiative (a provider of the global best practice for impact reporting) systematically helping parties to understand and exchange issues such as climate change and formulating authoritative sustainability reporting guidelin...
Biomass is widely recognized as a critical renewable energy source for supporting global decarbonization and energy diversification. However, the financial viability of bioenergy investments depends heavily on how climate policies and sustainable fin...
The objective of the paper is to empirically test the relation between carbon emissions, environmental disclosures, assurance of sustainability reports and firms’ Cost of Equity (COE) measured by an Ex-Ante proxy model. The methodological appro...
This study examines the relationship between ESG performance and financial performance and resilience in the banking sector, using a sample of systemically important banking institutions in Romania and Poland for the period 2020–2024. The study...