AndrikogiannopoulouA., KruegerP., MitaliS. F., & PapakonstantinouF. (2022, April 12). Discretionary information in ESG investing: A text analysis of mutual fund prospectuses (SSRN Scholarly Paper No. 4082263). Social Science Research Network. https://doi.org/10.2139/ssrn.4082263
2.
AtzU., Van HoltT., DouglasE., & WhelanT. (2019). The return on sustainability investment (ROSI): Monetizing financial benefits of sustainability actions in companies. Review of Business: Interdisciplinary Journal on Risk and Society, 39(2), 1–31.
3.
AtzU., Van HoltT., LiuZ. Z., & BrunoC. C. (2022). Does sustainability generate better financial performance? Review, meta-analysis, and propositions. Journal of Sustainable Finance & Investment, 1–24. https://doi.org/10.1080/20430795.2022.2106934
4.
BaierP., BerningerM., & KieselF. (2020). Environmental, social and governance reporting in annual reports: A textual analysis. Financial Markets, Institutions & Instruments, 29(3), 93–118. https://doi.org/10.1111/fmii.12132
5.
BergF., KölbelJ. F., & RigobonR. (2022). Aggregate confusion: The divergence of ESG rating. Review of Finance, rfac033. https://doi.org/10.1093/rof/rfac033
6.
BernardD., BurgstahlerD., & KayaD. (2018). Size management by European private firms to minimize proprietary costs of disclosure. Journal of Accounting and Economics, 66(1), 94–122. https://doi.org/10.1016/j.jacceco.2018.03.001
7.
BrunoC., & HeniszW. J. (2022). Environmental, social, and governance (ESG) factors and municipal bond yields (SSRN Scholarly Paper No. 4035995). Social Science Research Network. https://doi.org/10.2139/ssrn.4035995
8.
Capelle-BlancardG., & PetitA. (2019). Every little helps? ESG news and stock market reaction. Journal of Business Ethics, 157(2), 543–565. https://doi.org/10.1007/s10551-017-3667-3
9.
ChatterjiA. K., DurandR., LevineD. I., & TouboulS. (2016). Do ratings of firms converge? Implications for managers, investors and strategy researchers. Strategic Management Journal, 37(8), 1597–1614. https://doi.org/10.1002/smj.2407
10.
ChristensenD. M., SerafeimG., & SikochiA. (2022). Why is corporate virtue in the eye of the beholder? The case of ESG ratings. Accounting Review, 97(1), 147–175. https://doi.org/10.2308/TAR-2019-0506
11.
ChristensenH., HailL., & LeuzC. (2019). Adoption of CSR and sustainability reporting standards: Economic analysis and review. National Bureau Economic Research. Working Paper. http://www.nber.org/papers/w26169
12.
ChristensenH. B., MaffettM. G., & RauterT. (2022). Reversing the resource curse: Foreign corruption regulation and the local economic benefits of resource extraction (SSRN Scholarly Paper No. 3712693). Social Science Research Network. https://doi.org/10.2139/ssrn.3712693
13.
CrifoP., DiayeM.-A., & OueghlissiR. (2017). The effect of countries' ESG ratings on their sovereign borrowing costs. The Quarterly Review of Economics and Finance, 66, 13–20.
14.
EngleR. F., GiglioS., KellyB., LeeH., & StroebelJ. (2020). Hedging climate change news. The Review of Financial Studies, 33(3), 1184–1216. https://doi.org/10.1093/rfs/hhz072
15.
FishbackP. V., JohnsonR. S., & KantorS. (2010). Striking at the roots of crime: The impact of welfare spending on crime during the Great Depression. The Journal of Law and Economics, 53(4), 715–740. https://doi.org/10.1086/655778
16.
FlammerC., HongB., & MinorD. (2019). Corporate governance and the rise of integrating corporate social responsibility criteria in executive compensation: Effectiveness and implications for firm outcomes. Strategic Management Journal, 40(7), 1097–1122. https://doi.org/10.1002/smj.3018
17.
FreibergD., GrewalJ., & SerafeimG. (2021). Science-based carbon emissions targets (SSRN Scholarly Paper No. 3804530). Social Science Research Network. https://doi.org/10.2139/ssrn.3804530
Goldsmith-PinkhamP. S., GustafsonM., LewisR., & SchwertM. (2021). Sea level rise exposure and municipal bond yields (SSRN Scholarly Paper No. 3478364). Social Science Research Network. https://doi.org/10.2139/ssrn.3478364
20.
GrewalJ., & SerafeimG. (2020). Research on corporate sustainability: Review and directions for future research. Foundations and Trends® in Accounting, 14(2), 73–127. https://doi.org/10.1561/1400000061
HartzmarkS. M., & SussmanA. B. (2019). Do investors value sustainability? A natural experiment examining ranking and fund flows. The Journal of Finance, 74(6), 2789–2837. https://doi.org/10.1111/jofi.12841
HeniszW., DorobantuS., & NarteyL. J. (2014). Spinning gold: The financial returns to stakeholder engagement. Strategic Management Journal, 35(12), 1727–1748. https://doi.org/10.1002/smj.2180
25.
Howard-GrenvilleJ. (2021). Grand challenges, Covid-19 and the future of organizational scholarship. Journal of Management Studies, 58(1), 254–258. https://doi.org/10.1111/joms.12647
26.
HübelB. (2020). Do markets value ESG risks in sovereign credit curves? The Quarterly Review of Economics and Finance, 85, 134-148. https://doi.org/10.1016/j.qref.2020.11.003
27.
IbrahimS., LiH., YanY., & ZhaoJ. (2021). Pay me a single figure! Assessing the impact of single figure regulation on CEO pay. International Review of Financial Analysis, 73, 101647. https://doi.org/10.1016/j.irfa.2020.101647
28.
JacksonP. I., & CarrollL. (1981). Race and the war on crime: The sociopolitical determinants of municipal police expenditures in 90 non-southern U.S. cities. American Sociological Review, 46(3), 290–305. https://doi.org/10.2307/2095061
29.
KieselF., & LückeF. (2019). ESG in credit ratings and the impact on financial markets. Financial Markets, Institutions & Instruments, 28(3), 263–290. https://doi.org/10.1111/fmii.12114
30.
KotsantonisS., & SerafeimG. (2019). Four things no one will tell you about ESG data. Journal of Applied Corporate Finance, 31(2), 50–58. https://doi.org/10.1111/jacf.12346
31.
LibertiJ. M., & PetersenM. A. (2019). Information: Hard and soft. The Review of Corporate Finance Studies, 8(1), 1–41. https://doi.org/10.1093/rcfs/cfy009
32.
MargareticP., & PougetS. (2018). Sovereign bond spreads and extra-financial performance: An empirical analysis of emerging markets. International Review of Economics & Finance, 58, 340–355.
33.
PainterM. (2020). An inconvenient cost: The effects of climate change on municipal bonds. Journal of Financial Economics, 135(2), 468–482. https://doi.org/10.1016/j.jfineco.2019.06.006
34.
PástorL'., StambaughR. F., & TaylorL. A. (2021). Sustainable investing in equilibrium. Journal of Financial Economics, 142(2), 550–571. https://doi.org/10.1016/j.jfineco.2020.12.011
35.
PedersenL. H., FitzgibbonsS., & PomorskiL. (2021). Responsible investing: The ESG-efficient frontier. Journal of Financial Economics, 142(2), 572–597. https://doi.org/10.1016/j.jfineco.2020.11.001
36.
PretisF. (2022). Does a carbon tax reduce CO2 emissions? Evidence from British Columbia. Environmental and Resource Economics, 83(1), 115–144. https://doi.org/10.1007/s10640-022-00679-w
37.
RouenE. (2020). Rethinking measurement of pay disparity and its relation to firm performance. The Accounting Review, 95(1), 343–378. https://doi.org/10.2308/accr-52440
38.
SautnerZ., van LentL., VilkovG., & ZhangR. (2022). Firm-level climate change exposure (SSRN Scholarly Paper No. 3642508). Social Science Research Network. https://doi.org/10.2139/ssrn.3642508
39.
TomarS. (2022). Greenhouse gas disclosure and emissions benchmarking (SSRN Scholarly Paper No. 3448904). Social Science Research Network. https://doi.org/10.2139/ssrn.3448904
VanceL. L. (1969). The road to reform of accounting principles. The Accounting Review, 44(4), 692–703.
44.
VedulaS., DoblingerC., PachecoD., YorkJ., BacqS., et al. (2021). Entrepreneurship for the public good: A review, critique, and path forward for social and environmental entrepreneurship research. Academy of Management Annals, 16(1). https://doi.org/10.5465/annals.2019.0143
45.
WangF., & MinorW. W. (2002). Where the jobs are: Employment access and crime patterns in Cleveland. Annals of the Association of American Geographers, 92(3), 435–450. https://doi.org/10.1111/1467-8306.00298