SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Effect of ESG performance on the cost of equity capital: Evidence from China
16 references·16 citing·39 second hopsampled
Effect of ESG performance on the cost of equity capital: Evidence from China (2022)Effect of ESG performance on the cost of …Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack (2019)Environmental, Social and Gov…Active Ownership (2015)Active OwnershipCorporate social responsibility and access to finance (2013)Corporate social responsibili…Environmental risk management and the cost of capital (2008)Environmental risk management…Corporate social responsibility and firm performance: Investor preferences and corporate strategies (2007)Corporate social responsibili…The Role of Corporate Social Responsibility in Strengthening Multiple Stakeholder Relationships: A Field Experiment (2006)The Role of Corporate Social …Evolving sustainably: a longitudinal study of corporate sustainable development (2004)Evolving sustainably: a longi…The Effect of Green Investment on Corporate Behavior (2001)The Effect of Green Investmen…Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Economic Growth and the Environment (1994)Economic Growth and the Envir…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…The arbitrage theory of capital asset pricing (1976)The arbitrage theory of capit…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Dividends, Earnings, and Stock Prices (1959)Dividends, Earnings, and Stoc…The impact of executives' green experience on environmental, social, and governance (ESG) performance: Evidence from China (2024)The impact of executives' gre…The impact of a firm’s ESG score on its cost of capital: can a high ESG score serve as a substitute for a weaker legal environment (2024)The impact of a firm’s ESG sc…Supply chain digitalization, green technology innovation and corporate energy efficiency (2024)Supply chain digitalization, …Shifting focus from end-of-pipe treatment to source control: ESG ratings’ impact on corporate green innovation (2024)Shifting focus from end-of-pi…Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts (2024)Punishment or deterrence? Env…Improve carbon emission efficiency: What role does the ESG initiatives play? (2024)Improve carbon emission effic…How does ESG performance impact corporate outward foreign direct investment? (2024)How does ESG performance impa…How does environmental, social, and governance (ESG) performance determine investment mix? New empirical evidence from BRICS (2024)How does environmental, socia…Does social trust affect firms' ESG performance? (2024)Does social trust affect firm…Subsidy expiration and greenwashing decision: Is there a role of bankruptcy risk? (2023)Subsidy expiration and greenw…How does ESG performance affect green transformation of resource-based enterprises: Evidence from Chinese listed enterprises (2023)How does ESG performance affe…Green finance and environmental, social, and governance performance (2023)Green finance and environment…ESG in the financial industry: What matters for rating analysts? (2023)ESG in the financial industry…ESG and debt structure: Is the nature of this relationship nonlinear? (2023)ESG and debt structure: Is th…Institutional ownership heterogeneity and ESG performance: Evidence from China (2022)Institutional ownership heter…Can ESG certification help company get out of over-indebtedness? Evidence from China (2022)Can ESG certification help co…Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Econometric Analysis of Cross Section and Panel Data (2001)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2018)Corporate green bonds (2021)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Framing of Decisions and the Psychology of Choice (1981)The Limits of Arbitrage (1995)The Cross‐Section of Volatility and Expected Returns (2006)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)Financial Intermediation and Delegated Monitoring (1984)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations (2007)Stakeholder Theory: The State of the Art (2010)Socioemotional Wealth in Family Firms (2012)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications (1995)The Company and the Product: Corporate Associations and Consumer Product Responses (1997)Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility (2001)Reaping relational rewards from corporate social responsibility: The role of competitive positioning (2007)Corporate Hypocrisy: Overcoming the Threat of Inconsistent Corporate Social Responsibility Perceptions (2009)How can corporate social responsibility activities create value for stakeholders? A systematic review (2010)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)STIRPAT, IPAT and ImPACT: analytic tools for unpacking the driving forces of environmental impacts (2003)Environmental Kuznets Curve Hypothesis: A Survey (2004)The Rise and Fall of the Environmental Kuznets Curve (2004)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1994Economic Growth and the Environment9,835 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1976The arbitrage theory of capital asset pricing7,081 cited
  • 1987A Simple Model of Capital Market Equilibrium with Incomplete Information5,808 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 2013Corporate social responsibility and access to finance3,892 cited
  • 2004Evolving sustainably: a longitudinal study of corporate sustainable development2,890 cited
  • 2006The Role of Corporate Social Responsibility in Strengthening Multiple Stakeholder Relationships: A Field Experiment1,653 cited
  • 2008Environmental risk management and the cost of capital1,519 cited
  • 2001The Effect of Green Investment on Corporate Behavior1,498 cited
  • 1959Dividends, Earnings, and Stock Prices1,301 cited
  • 2015Active Ownership1,241 cited
  • 2007Corporate social responsibility and firm performance: Investor preferences and corporate strategies

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

1,185 cited
  • 2019Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack1,104 cited
  • Cited by

    • 2023Subsidy expiration and greenwashing decision: Is there a role of bankruptcy risk?216 cited
    • 2022Institutional ownership heterogeneity and ESG performance: Evidence from China136 cited
    • 2024How does environmental, social, and governance (ESG) performance determine investment mix? New empirical evidence from BRICS130 cited
    • 2023Green finance and environmental, social, and governance performance117 cited
    • 2023How does ESG performance affect green transformation of resource-based enterprises: Evidence from Chinese listed enterprises105 cited
    • 2024Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts99 cited
    • 2024The impact of executives' green experience on environmental, social, and governance (ESG) performance: Evidence from China91 cited
    • 2024Does social trust affect firms' ESG performance?90 cited
    • 2023ESG and debt structure: Is the nature of this relationship nonlinear?79 cited
    • 2024Supply chain digitalization, green technology innovation and corporate energy efficiency77 cited
    • 2024Improve carbon emission efficiency: What role does the ESG initiatives play?70 cited
    • 2024How does ESG performance impact corporate outward foreign direct investment?69 cited
    • 2024Shifting focus from end-of-pipe treatment to source control: ESG ratings’ impact on corporate green innovation66 cited
    • 2023ESG in the financial industry: What matters for rating analysts?63 cited
    • 2022Can ESG certification help company get out of over-indebtedness? Evidence from China62 cited
    • 2024The impact of a firm’s ESG score on its cost of capital: can a high ESG score serve as a substitute for a weaker legal environment60 cited