Is ESG a Sideshow? ESG Perceptions, Investment, and Firms' Financing Decisions
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We study the effects of market ESG perceptions, as proxied by ESG ratings, on public firms security issuance and asset accumulation decisions. Higher ESG scores are followed by capital structure adjustments, specifically increases in equity issuance and decreases in net debt issuance of similar
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美国国家经济研究局创建时间：
2025-05-01
