Studies in Economics and Finance: Volume 41 Issue 3

Guest editorial: Sustainable finance

Tonmoy Choudhury, Harald Kinateder

Politics, integration of ESG in CEO compensation, and firm credit ratings: evidence from the USA

Emma Y. Peng, William Smith III

This paper aims to investigate how a US firm’s political landscape affects the integration of environmental, social and governance (hereafter ESG) measures in CEO compensation…

A cross-quantile correlation and causality-in-quantile analysis on the relationship between green investments and energy commodities during the COVID-19 pandemic period

Aarzoo Sharma, Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Freeman Brobbey Owusu

This paper aims to examine the cross-quantile correlation and causality-in-quantiles between green investments and energy commodities during the outbreak of COVID-19. To be…

ESG and the performance of energy and utility portfolios: evidence from Australia

Scott J. Niblock

This study aims to establish the effect of environmental, social and governance (ESG) practices on Australian energy and utility investment performance.

Cost efficiency of municipal green bonds’ measures: a marginal abatement cost curves approach

Tommaso Piseddu, Fedra Vanhuyse

With more cities aiming to achieve climate neutrality, identifying the funding to support these plans is essential. The purpose of this paper is to exploit the present of a…

Balancing prosperity and sustainability: unraveling financial risks and green finance through a COP27 lens

Shakeel Sajjad, Rubaiyat Ahsan Bhuiyan, Rocky J. Dwyer, Adnan Bashir, Changyong Zhang

This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.

Closing the loop: does corporate sustainability capability matter for improving energy efficiency? Evidence from Pakistan

Arifa Tanveer, Shihong Zeng, Wei Tian

This study aims to examine whether and how corporate sustainability capability influences energy efficiency through competitive intensity and slack resource availability.

Impacts of climate pact on global oil and gas sector stocks

Vineeta Kumari, Rima Assaf, Faten Moussa, Dharen Kumar Pandey

The purpose of this study is to examine the impacts of the Glasgow Climate Pact on global oil and gas sector stocks. Further, this study also examines if the nations' Climate…

Is short-term firm performance an indicator of a sustainable financial performance? Empirical evidence

Umar Nawaz Kayani, Christopher Gan, Mustafa Raza Rabbani, Yousra Trichilli

This study aims to thoroughly examine and understand the relationship between working capital management (WCM) and the sustainable financial performance (FP) in the context of the…

Uncovering time and frequency co-movement among green bonds, energy commodities and stock market

Miklesh Prasad Yadav, Shruti Ashok, Farhad Taghizadeh-Hesary, Deepika Dhingra, Nandita Mishra, Nidhi Malhotra

This paper aims to examine the comovement among green bonds, energy commodities and stock market to determine the advantages of adding green bonds to a diversified portfolio.

The relevance of carbon performance and board characteristics on carbon disclosure

Ghassan H. Mardini, Fathia Elleuch Lahyani

The purpose of this study is to examine the impact of carbon performance on carbon disclosure among nonfinancial French-listed firms, while also considering the corporate board’s…

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

Faozi A. Almaqtari, Tamer Elsheikh, Khaled Hussainey, Mohammed A. Al-Bukhrani

The purpose of this study is to examine the impact of country-level governance on sustainability performance, taking into account the effect of sustainable development goals…

ESG consideration in venture capital: drivers, strategies and barriers

Elfi M. Lange, Niloofar Ghotbedini Banadaki

There is an increasing awareness of environmental, social and governance (ESG) factors in the private equity (PE) environment. While many studies deal with the implementation of…