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Corporate ESG investments and Firm's value under the real-option framework: Evidence from two world-leading economies
16 references·7 citing·40 second hop
Corporate ESG investments and Firm's value under the real-option framework: Evidence from two world-leading economies (2024)Corporate ESG investments and Firm's valu…Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Firms and social responsibili…Transforming Our World: The 2030 Agenda for Sustainable Development (2018)Transforming Our World: The 2…Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Social Capital, Trust, and Fi…Corporate Sustainability: First Evidence on Materiality (2016)Corporate Sustainability: Fir…Thinking about U : Theorizing and testing U ‐ and inverted U ‐shaped relationships in strategy research (2015)Thinking about U : Theorizing…Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach (2015)Does Corporate Social Respons…The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)The relationship between corp…The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)The Relationship Between Corp…A finite sample correction for the variance of linear efficient two-step GMM estimators (2004)A finite sample correction fo…Creating sustainable value (2003)Creating sustainable valueConsistent Covariance Matrix Estimation with Spatially Dependent Panel Data (1998)Consistent Covariance Matrix …A Simple Approximation of Tobin's q (1994)A Simple Approximation of Tob…Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Some Tests of Specification f…Specification Tests in Econometrics (1978)Specification Tests in Econom…Determinants of corporate borrowing (1977)Determinants of corporate bor…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …Green Innovation and Environmental Performance: The Moderating Roles of Governance and Policy (2025)Green Innovation and Environm…Board gender diversity and firm performance: Unveiling the ESG effect (2025)Board gender diversity and fi…Assessing Firm ESG Performance Through Corporate Survival: The Moderating Role of Firm Size (2025)Assessing Firm ESG Performanc…The role of ESG performance in the nexus between economic policy uncertainty and corporate investment (2024)The role of ESG performance i…The role of corporate governance in the nexus between litigation risk and corporate innovation (2024)The role of corporate governa…From ratings to action: The impact of ESG performance on corporate innovation (2024)From ratings to action: The i…Corporate capital structure in BRICS economies: An integrated analysis of ESG , firm, industry, and macroeconomic determinants (2024)Corporate capital structure i…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)The theory and practice of econometrics (1986)A panel project on purchasing power parity: Mean reversion within and between countries (1996)The overvaluation of purchasing power parity (1998)Testing for Cross-Sectional Dependence in Panel-Data Models (2006)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Effect of foreign direct investments, economic development and energy consumption on greenhouse gas emissions in developing countries (2018)PORTFOLIO SELECTION* (1952)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Social Responsibility of Business Is to Increase Its Profits (2007)Corporate green bonds (2021)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)On the Pooling of Time Series and Cross Section Data (1978)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Behavior of Stock-Market Prices (1965)The Pricing of Options and Corporate Liabilities (1973)Social Capital in the Creation of Human Capital (1988)The Cross-Section of Expected Stock Returns (1992)Bowling alone (2000)Do institutional investors drive corporate social responsibility? International evidence (2018)Aggregate Confusion: The Divergence of ESG Ratings (2022)Another look at the instrumental variable estimation of error-components models (1995)Initial conditions and moment restrictions in dynamic panel data models (1998)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2007)Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom (2009)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2009)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)Corporate ESG Profiles and Banking Relationships (2021)Environmental, Social, and Governance (ESG) disclosure: A literature review (2022)ESG disclosure and financial performance: Moderating role of ESG investors (2022)Econometric Analysis of Cross Section and Panel Data (2001)Three frames for innovation policy: R&D, systems of innovation and transformative change (2018)The role of artificial intelligence in achieving the Sustainable Development Goals (2020)On the Opportunities and Risks of Foundation Models (2021)
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References

  • 1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations33,089 cited
  • 2018Transforming Our World: The 2030 Agenda for Sustainable Development19,350 cited
  • 1978Specification Tests in Econometrics18,788 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1998Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data6,815 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 2004A finite sample correction for the variance of linear efficient two-step GMM estimators5,973 cited
  • 2017Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis3,754 cited
  • 2008The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis3,151 cited
  • 2021Firms and social responsibility: A review of ESG and CSR research in corporate finance2,874 cited
  • 2005The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective2,836 cited
  • 1994A Simple Approximation of Tobin's q2,458 cited
  • 2015Thinking about U : Theorizing and testing U ‐ and inverted U ‐shaped relationships in strategy research2,439 cited
  • 2016Corporate Sustainability: First Evidence on Materiality

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1,945 cited
  • 2015Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach1,941 cited
  • 2003Creating sustainable value1,932 cited
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    • 2024The role of corporate governance in the nexus between litigation risk and corporate innovation32 cited
    • 2024Corporate capital structure in BRICS economies: An integrated analysis of ESG , firm, industry, and macroeconomic determinants25 cited
    • 2025Green Innovation and Environmental Performance: The Moderating Roles of Governance and Policy24 cited
    • 2025Assessing Firm ESG Performance Through Corporate Survival: The Moderating Role of Firm Size23 cited