Determinants and Value Implications of Corporate ESG Bond Issuance: Evidence from South Korea

키워드

참고문헌 (45)

1. Adams, M., "An Analysis of Corporate Donations : United Kingdom Evidence", Journal of Management Studies, 35(5), pp.641~654 (1998)
2. Alkaraan, F., "Corporate Transformation Toward Industry 4. 0 and Financial Performance : The Influence of Environmental, Social, and Governance(ESG)", Technological Forecasting and Social Change, 175, pp.121423~ (2022)
3. Alnabsha, A., "Corporate Boards, Ownership Structures and Corporate Disclosures : Evidence from a Developing Country", Journal of Applied Accounting Research, 19(1), pp.20~41 (2018)
4. Alshbili, I., "Ownership Types, Corporate Governance and Corporate Social Responsibility Disclosures : Empirical Evidence from a Developing Country", Accounting Research Journal, 33(1), pp.148~166 (2019)
5. Financing the Response to Climate Change: The Pricing and Ownership of US Green Bonds, "Baker, M.", National Bureau of Economic Research, ~, pp.Working Paper No. w25194 (2018)
6. Baulkaran, V., "Stock Market Reaction to Green Bond Issuance", Journal of Asset Management, 20(5), pp.331~340 (2019)
7. Baumann-Pauly, D., "Organizing Corporate Social Responsibility in Small and Large Firms : Size Matters", Journal of Business Ethics, 115(4), pp.693~705 (2013)
8. Bers, M., "Economies-Of-Scale for Real Estate Investment Trusts", Journal of Real Estate Research, 14(3), pp.275~291 (1997)
9. Bhojraj, S., "Effect of Corporate Governance on Bond Ratings and Yields : The Role of Institutional Investors and Outside Directors", Journal of Business, 76(3), pp.455~475 (2003)
10. Brown, H. S., "Building Institutions Based on Information Disclosure : Lessons from GRI’s Sustainability Reporting", Journal of Cleaner Production, 17(6), pp.571~580 (2009)
11. Determinants of capital structure: Evidence from Libya, "Buferna, F. M.", University of Liverpool, ~, pp.Research Paper Series No. 2005 (2005), 08
12. Cheong, C., "Green Bonds : A Survey", Journal of Derivatives and Quantitative Studies, 28(4), pp.175~189 (2020)
13. Chodnicka-Jaworska, P., "ESG as a Measure of Credit Ratings", Risks, 9(12), pp.226~ (2021)
14. Chou, T. K., "Information Content of Credit Ratings in Pricing of Future Earnings", Review of Quantitative Finance and Accounting, 40(2), pp.217~250 (2013)
15. Cowen, S. S., "The Impact of Corporate Characteristics on Social Responsibility Disclosure : A Typology and Frequency-Based Analysis", Accounting, Organizations and Society, 12(2), pp.111~122 (1987)
16. Deng, Z., "Is “greenness” priced in the market? Evidence from green bond issuance in China", Journal of Alternative Investments, 23(1), pp.57~70 (2020)
17. Dyck, A., "Do Institutional Investors Drive Corporate Social Responsibility? International Evidence", Journal of Financial Economics, 131(3), pp.693~714 (2019)
18. Elamer, A. A., "The Impact of Multi-Layer Governance on Bank Risk Disclosure in Emerging Markets : The Case of Middle East and North Africa", Accounting Forum, 43, pp.246~281 (2019)
19. Eliwa, Y., "ESG Practices and the Cost of Debt : Evidence from EU Countries", Critical Perspectives on Accounting, 79, pp.102097~ (2021)
20. Elmagrhi, M. H., "A Study of Environmental Policies and Regulations, Governance Structures, and Environmental Performance : The Role of Female Directors", Business Strategy and the Environment, 28(1), pp.206~220 (2019)
21. Fatemi, A., "ESG Performance and Firm Value : The Moderating Role of Disclosure", Global Finance Journal, 38, pp.45~64 (2018)
22. Flammer, C., "Corporate Green Bonds", Journal of Financial Economics, 142(2), pp.499~516 (2021)
23. Grassa, R., "What Drives Risk Disclosure in Islamic and Conventional Banks? An International Comparison", International Journal of Finance and Economics, 26(4), pp.6338~6361 (2021)
24. Johnson, R. A., "The Effects of Corporate Governance and Institutional Ownership Types on Corporate Social Performance", Academy of Management Journal, 42(5), pp.564~576 (1999)
25. Karpf, A., "Does it Pay to be Green?", SSRN (2017)
26. Kim, Y., "Foreign Stock Investment and Firms’ Dividend Policy in Korea", Korean Journal of Financial Management, 26(1), pp.1~29 (2009)
27. Klassen, R. D., "The Impact of Environmental Management on Firm Performance", Management Science, 42(8), pp.1199~1214 (1996)
28. Krüger, P., "Corporate Goodness and Shareholder Wealth", Journal of Financial Economics, 115(2), pp.304~329 (2015)
29. Larcker, D. F., "Where’s the Greenium?", Journal of Accounting and Economics, 69(2-3), pp.101312~ (2020)
30. Lee, J., "Information Asymmetry, Mispricing, and Security Issuance", Journal of Finance, 76(6), pp.3401~3446 (2021)
31. Liu, M., "Impact of The Implementation of Carbon Emission Trading on Corporate Financial Performance: Evidence from Listed Companies in China", Plos One, 16(7), pp.e0253460~ (2021)
32. Lyon, T. P., "The Means and End of Greenwash", Organization and Environment, 28(2), pp.223~249 (2015)
33. Mohamed, H. H., "Why Do Issuers Issue Sukuk or Conventional Bond? Evidence from Malaysian Listed Firms Using Partial Adjustment Models", Pacific-Basin Finance Journal, 34, pp.233~252 (2015)
34. Ning, Y., "Green Bond as a New Determinant of Sustainable Green Financing, Energy Efficiency Investment, and Economic Growth: A Global Perspective", Environmental Science and Pollution Research, pp.1~16 (2022)
35. Institutional Investors and Controversial Investments, "Nofsinger, J. R.", ~ (2016)
36. Poon, W. P., "The Effects of Credit Ratings on Stock Returns in China", Chinese Economy, 41(2), pp.34~55 (2008)
37. Rajan, R. G., "What Do We Know About Capital Structure? Some Evidence from International Data", Journal of Finance, 50(5), pp.1421~1460 (1995)
38. Russo, A., "Exploring the Determinants of Green Bond Issuance : Going Beyond the Long-Lasting Debate on Performance Consequences", Business Strategy and the Environment, 30(1), pp.38~59 (2021)
39. Green Bonds: Shades of Green and Brown, "Schiereck, D.", Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL), ~, pp.Working Paper No. 124730 (2020)
40. Tang, D. Y., "Do Shareholders Benefit from Green Bonds?", Journal of Corporate Finance, 61, pp.101427~ (2020)
41. Udayasankar, K., "Corporate Social Responsibility and Firm Size", Journal of Business Ethics, 83(2), pp.167~175 (2008)
42. Wang, J., "The Market Reaction to Green Bond Issuance : Evidence from China", Pacific-Basin Finance Journal, 60, pp.101294~ (2020)
43. Zanin, L., "Estimating the Effects of ESG Scores on Corporate Credit Ratings Using Multivariate Ordinal Logit Regression", Empirical Economics, pp.1~32 (2021)
44. Zheng, J., "Green Bond Issuance and Enterprise ESG Performance: Steps Toward Green and Low-Carbon Development", Research in International Business and Finance, pp.102007~ (2023)
45. Zerbib, O. D., "The Effect of Pro-Environmental Preferences on Bond Prices : Evidence from Green Bonds", Journal of Banking & Finance, 98, pp.39~60 (2019)

관련 논문AI추천