We study how environmental, social and governance (ESG) investing reshapes information
aggregation by prices. We develop a rational expectations equilibrium model in which …

This paper examines the impact of Environmental, Social, and Governance (ESG) disclosure
on firm investment. We identify conditions under which ESG disclosure is needed to channel …

We examine whether oil and gas corporations fulfill their Zero Routine Flaring commitments
in Africa to understand the role of privately enforced sustainability initiatives in the absence …

This paper investigates the real effects of improving the transparency about a firm's climate
risk exposure on its management of systemic supply chain disruption risk, when such risk is …

We present a novel methodology for constructing portfolios to hedge economic and financial
risks arising from climate change. We utilize ChatGPT-4 to identify climate-related …

Socially responsible funds that wish to make an impact subsidize firms to induce them to
pursue cleaner products and technologies. We show that firms can exploit the social fund's …

I structurally estimate the financial and the non-financial implications of the actions induced
by executive compensation contracts involving incentives tied to non-financial metrics. I find …

Recently, regulators worldwide required or proposed to require firms to disclose their
emission information. To better evaluate the potential effects and the efficacy of such man …

We present a novel methodology for constructing portfolios designed to hedge economic
and financial risks arising from climate change. We utilize ChatGPT-4 to pinpoint climate …

This paper examines the impact of Environmental, Social, and Governance (ESG) disclosure
on firm investment. I identify conditions under which ESG disclosure is needed to channel …