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Is ESG a Sideshow? ESG Perceptions, Investment, and Firms' Financing Decisions

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NBER2025-05-01 更新2025-05-17 收录
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https://www.nber.org/papers/w33770
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资源简介:
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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2025-05-01
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