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Does green technology innovation matter to the cost of equity capital?
16 references·6 citing·41 second hop
Does green technology innovation matter to the cost of equity capital? (2022)Does green technology innovation matter t…The dark side of analyst coverage: The case of innovation (2013)The dark side of analyst cove…Corporate Social Responsibility and Shareholder Reaction: The Environmental Awareness of Investors (2012)Corporate Social Responsibili…Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does Corporate Social Respons…Corporate Social Responsibility and Resource-Based Perspectives (2006)Corporate Social Responsibili…Expected EPS and EPS Growth as Determinantsof Value (2005)Expected EPS and EPS Growth a…PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital (2004)PE Ratios, PEG Ratios, and Es…Determinants of environmental innovation in US manufacturing industries (2003)Determinants of environmental…A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital (2002)A Re‐examination of Disclosur…Toward an Implied Cost of Capital (2001)Toward an Implied Cost of Cap…The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools (2001)The NBER Patent Citation Data…Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets (2001)Equity Premia as Low as Three…Foreign Speculators and Emerging Equity Markets (2000)Foreign Speculators and Emerg…Industry costs of equity (1997)Industry costs of equityThe Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…A Penny for Your Quotes: Patent Citations and the Value of Innovations (1990)A Penny for Your Quotes: Pate…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Effect of Governance Structure on Green Technology Innovation: Based on the Internal Control Perspective (2025)The Effect of Governance Stru…The challenge of measuring innovation types: A systematic literature review (2024)The challenge of measuring in…Nudging Toward Internal and External Origin Drivers: A Review of Corporate Green Innovation Research (2024)Nudging Toward Internal and E…The effect of enterprise financialization on green innovation: evidence from Chinese A-share non-financial listed enterprises (2023)The effect of enterprise fina…Environment‐specific political risk mitigation: Political lobbying versus green innovation (2023)Environment‐specific politica…Corporate green bond issuance and high-quality corporate development (2023)Corporate green bond issuance…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)Dynamic capabilities and strategic management (1997)Social Capital, Intellectual Capital, and the Organizational Advantage (1998)Dynamic capabilities: what are they? (2000)The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation (2010)Firm-Value Effects of Carbon Emissions and Carbon Disclosures (2013)ESG performance and firm value: The moderating role of disclosure (2017)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)On Persistence in Mutual Fund Performance (1997)Patent Statistics as Economic Indicators: A Survey (1990)Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations (1993)The Knowledge Economy (2004)Market value and patent citations (2005)Identifying Technology Spillovers and Product Market Rivalry (2013)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Initial conditions and moment restrictions in dynamic panel data models (1998)Corporate social responsibility and access to finance (2013)Corporate green bonds (2021)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Political connections and the cost of equity capital (2012)The relevance of environmental disclosures: Are such disclosures incrementally informative? (2013)Corporate social responsibility disclosure and the cost of equity capital: The roles of stakeholder orientation and financial transparency (2014)On the Impossibility of Informationally Efficient Markets (1980)Generalized autoregressive conditional heteroskedasticity (1986)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)Asymmetric correlations of equity portfolios (2002)Does financial liberalization spur growth? (2005)Disclosure, Liquidity, and the Cost of Capital (1991)Capital markets research in accounting (2001)Differences of Opinion and the Cross Section of Stock Returns (2002)Environmental Externalities and Cost of Capital (2014)The Increasing Dominance of Teams in Production of Knowledge (2007)
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References

  • 1992The Cross-Section of Expected Stock Returns17,251 cited
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  • 2012Corporate Social Responsibility and Shareholder Reaction: The Environmental Awareness of Investors1,742 cited
  • 2013The dark side of analyst coverage: The case of innovation1,593 cited
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  • 2002A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital

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1,457 cited
  • 2005Expected EPS and EPS Growth as Determinantsof Value1,414 cited
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    • 2024The challenge of measuring innovation types: A systematic literature review32 cited
    • 2023Environment‐specific political risk mitigation: Political lobbying versus green innovation30 cited
    • 2023Corporate green bond issuance and high-quality corporate development26 cited
    • 2023The effect of enterprise financialization on green innovation: evidence from Chinese A-share non-financial listed enterprises22 cited
    • 2025The Effect of Governance Structure on Green Technology Innovation: Based on the Internal Control Perspective20 cited
    • 2024Nudging Toward Internal and External Origin Drivers: A Review of Corporate Green Innovation Research10 cited