Climate Change Adaptation, Governance and New Issues of Value Measuring the Impact of ESG Scores on CoE and Firm Performance
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2022
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| Schriftenreihe: | Palgrave Studies in Impact Finance Series
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| Schlagworte: | |
| Online-Zugang: | DE-2070s |
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Inhaltsangabe:
- Intro
- Foreword
- Reference
- Preface
- Acknowledgements
- About This Book
- References
- Contents
- Notes on Contributors
- Abbreviations
- List of Figures
- List of Tables
- Part I Climate Change challenge, CSR and ESG Issues: The State of the Art
- 1 Introduction
- References
- 2 Self-Consciousness and Awareness as Adaptation Enablers
- Introduction
- Old Demons and New Challenges: Sustainability and Beyond
- The Conscious Corporation
- Managing Complexity in the Climate Change Ecosystem
- Adapting Is not an Option but a Condition for Survival
- Risk Identification and Disclosure
- Agency Model and Corporate Mission
- Does the Conscious Corporation Need a Dedicated Legal Framework to Thrive? Initial Observations
- References
- 3 Climate Change Challenges and the Policymakers Initial Response
- Introduction: A "Green" Field of Study
- From High-Level Policy Objectives to Investible Assets
- A Brief History
- What Lays Ahead: Raising the Standards
- References
- 4 SRI, ESG and Value of Sustainability
- Introduction
- What We Know About Corporate Social Responsibility
- Why Should We Care About Social Responsibility Issues?
- Emerging Approaches on ESG Issues and Sustainability Report: The State of the Art
- What We Mean for Sustainable Investing and How to Promote It
- ESG Scores and Valuation Metrics
- Sustainable Investment Strategies: Differences and Characterization
- The Market: Size and Characteristics
- References
- 5 Consortium Company, Circular Economy and ESG: The Comieco Case Study
- Is Sustainability More a Story Than a Reality?
- Looking at the Last Century
- The Ronchi Decree, Conai and the Fundamentals of the Circular Economy in the Packaging Sector
- The Comieco Case: The Circular Economy Is Not a Mirage but an Opportunity
- From the Circular Economy to the Green Deal
- References
- 6 Environmental, Social, and Governance Issues: An Empirical Literature Review Around the World
- Introduction
- A New Paradigm of Company
- ESG Factors and Cost of Capital
- Sustainability and Stock Prices
- ESG Factors and Firms' Performance
- Conclusion
- References
- Part II ESG, Cost of Equity and Firm' Performance: Empirical Evidences Across Industries Around the World
- 7 ESG, COE and Profitability in the Oil and Gas Sector
- Introduction
- Data and Empirical Strategy
- ESG Scores and Cost of Equity: COE Analysis
- ESG Scores and Firms Profitability: FP Analysis
- Conclusions
- Appendix A
- Eatson Model
- Appendix B
- Appendix C
- References
- 8 Automotive and Tire Sector: Sustainability as the New "Value" for Shareholders
- Introduction
- Data and the Empirical Strategy
- ESG Scores and ROA
- Tobin's Q and ESG Scores
- Non-linearities
- Insights About the Relationship Between Profitability and ESG in the Tire Market
- Summary of the Results and Discussion
- Appendix A
- Appendix B
- References
- 9 How Much Does Matter ESG Ratings in Big Pharma Firms Performances?
- Introduction
- Literature Reviews
- The Pharmaceutical Sector Around the World: First Empirical Evidences
- The Empirical Approaches: Highlights and Results
- ROA and ESG Scores
- Q1. Firm Performance Is Influenced by ESG Scores
- Q2. There Is Interaction Between ESG Scores and Firm Size
- Tobin's Q and ESG Scores
- Q1. Firm Performance Is Influenced by ESG Scores
- Q2. There Is Interaction Between ESG Scores and Firm Size
- Conclusions
- Appendix
- References
- 10 Corporate Green Bond: Issuance and Equity Market Reaction
- Green Bond-An Innovative Financial Instrument
- Evolution of the Green Bond Market
- Literature Review
- Aim of Research: First Empirical Evidences on Green Bond Issuances
- A First Approach: The Event Study
- Further Empirical Analysis
- Concluding Remarks
- References
- 11 The Sustainability Challenge for Asian Emerging Markets: Some Empirical Evidences
- Introduction
- Academic Literature
- Asian Firms and Esg Issues: A First Empirical Approach
- Empirical Findings
- Conclusion
- Appendix
- References
- Index