Firms allocate many resources to environmental, social, and governance (ESG) issues and
to growth options as if they were independent sources of value. Challenging this view, this …

We test the prediction of recent theories that stocks with high idiosyncratic skewness should
have low expected returns. Because lagged skewness alone does not adequately forecast …

Entrepreneurial persistence occurs when the entrepreneur chooses to continue with an
entrepreneurial opportunity regardless of counterinfluences or enticing alternatives. The …

Under the UN sustainable development goals (SDGs), the United States (US) and China
have ambitious environmental, social, and governance (ESG) investment plans. However …

We decompose aggregate market variance into an average correlation component and an
average variance component. Only the latter commands a negative price of risk in the cross …

A model has been developed for the optimization of the share structure of an investment
portfolio in high-tech projects supported by the leaders of the leading industry companies in …

This study investigates the role of debt as an internal governance mechanism that can be
employed by companies to curb agency conflicts and discourage managers from value …

In times of market valuations beyond 1 trillion USD for digital companies such as Alphabet
and Amazon, capital markets concentrate on growth opportunities at the core of the market …

Abstract In line with Sustainable Development Goals, firms are increasingly incorporating
Environmental, Social, and Governance (ESG) considerations in their investment strategies …

Sažetak Corporate social responsibility (CSR) is a subject that has garnered considerable
attention in recent years. This study conducts the empirical study by using a real options …