We review the financial economics-based research on Environmental, Social, and
Governance (ESG) and Corporate Social Responsibility (CSR) with an emphasis on …

Environmental finance has gained considerable attention globally as an emerging
interdisciplinary research area. This study uses bibliometric analysis to systematically review …

In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …

Green assets delivered high returns in recent years. This performance reflects unexpectedly
strong increases in environmental concerns, not high expected returns. German green …

As sustainable investing becomes central to capital allocation in many markets, the
Environmental, Social and Governance (ESG) metrics and scores have become of critical …

We develop a method that identifies the attention paid by earnings call participants to firms'
climate change exposures. The method adapts a machine learning keyword discovery …

According to our survey about climate risk perceptions, institutional investors believe climate
risks have financial implications for their portfolio firms and that these risks, particularly …

We find robust empirical evidence that firms in locations with higher exposure to climate
change pay significantly higher spreads on their bank loans. To alleviate the concerns …

We examine whether climate change news risk is priced in corporate bonds. We estimate
bond covariance with a climate change news index and find that bonds with a higher climate …

We provide first-time evidence on whether market-wide physical or transition climate risks
are priced in US stocks. Textual and narrative analysis of Reuters climate-change news over …