リケラボ論文検索は、全国の大学リポジトリにある学位論文・教授論文を一括検索できる論文検索サービスです。

リケラボ 全国の大学リポジトリにある学位論文・教授論文を一括検索するならリケラボ論文検索大学・研究所にある論文を検索できる

リケラボ 全国の大学リポジトリにある学位論文・教授論文を一括検索するならリケラボ論文検索大学・研究所にある論文を検索できる

大学・研究所にある論文を検索できる 「Corporate sustainability, investment, and capital structure」の論文概要。リケラボ論文検索は、全国の大学リポジトリにある学位論文・教授論文を一括検索できる論文検索サービスです。

コピーが完了しました

URLをコピーしました

論文の公開元へ論文の公開元へ
書き出し

Corporate sustainability, investment, and capital structure

Nishihara, Michi 大阪大学

2023.12.02

概要

Over the last decade, firms have identified the importance of the sustainability of their operations in capital budgeting decisions. International organizations and governments have
also become more active in resolving sustainability issues [e.g., the 17 sustainable development goals in United Nations (2022)]. In these circumstances, an increasing number of
academic researchers have also investigated a variety of aspects of sustainability issues. ...

この論文で使われている画像

参考文献

Adkins, R., & Paxson, D. (2016). Subsidies for renewable energy facilities under uncertainty. Manchester

School, 84, 222–250.

Arnold, M. (2014). Managerial cash use, default, and corporate financial policies. Journal of Corporate

Finance, 27, 305–325.

Bellon, A. (2020). Does private equity ownership make firms cleaner? The role of environmental liability

risks, Working paper. University of Pennsylvania.

Bolton, P., & Kacperczyk, M. (2021). Do investors care about carbon risk? Journal of Financial Economics,

142, 517–549.

Boomsma, T., & Linnerud, K. (2015). Market and policy risk under different renewable electricity support

schemes. Energy, 89, 435–448.

Boomsma, T., Meade, N., & Fleten, S. (2012). Renewable energy investments under different support schemes:

A real options approach. European Journal of Operational Research, 220, 225–237.

Cai, X., Zhu, B., Zhang, H., Li, L., & Xie, M. (2020). Can direct environmental regulation promote green

technology innovation in heavily polluting industries? Evidence from Chinese listed companies. Science

of The Total Environment, 746, 140810.

Castellano, R. (2022). Value creation and sustainable business model. In 32nd European conference on operational research.

Chava, S. (2014). Environmental externalities and cost of capital. Management Science, 60, 2223–2247.

Décaire, P. (2020). Capital budgeting and idiosyncratic risk. In European Finance Association 47th annual

meeting.

Décamps, J., Mariotti, T., & Villeneuve, S. (2006). Irreversible investment in alternative projects. Economic

Theory, 28, 425–448.

D’Ecclesia, R., & Stefanelli, K., & Morelli, G. (2022). Is green ETF the winning investment strategy?. In 32nd

European conference on operational research.

Detemple, J. (2006). American-style derivatives valuation and computation. Chapman & Hall/CRC.

Dixit, A., & Pindyck, R. (1994). Investment under uncertainty. Princeton University Press.

Eliwa, Y., Aboud, A., & Saleh, A. (2021). ESG practices and the cost of debt: Evidence from EU countries.

Critical Perspectives on Accounting, 79, 102097.

Frank, M., & Goyal, V. (2015). The profits-leverage puzzle revisited. Review of Finance, 19, 1415–1453.

Ge, W., & Liu, M. (2015). Corporate social responsibility and the cost of corporate bonds. Journal of Accounting

and Public Policy, 34, 592–624.

Ghoul, S., El, O., Guedhami, C. Kwok., & Mishra, D. (2011). Does corporate social responsibility affect the

cost of capital? Journal of Banking and Finance, 35, 2388–2406.

Gillan, S., Koch, A., & Starks, L. (2021). Firms and social responsibility: A review of ESG and CSR research

in corporate finance. Journal of Corporate Finance, 66, 101889.

123

Annals of Operations Research

Goldstein, R., Ju, N., & Leland, H. (2001). An EBIT-based model of dynamic capital structure. Journal of

Business, 74, 483–512.

Goss, A., & Roberts, G. (2011). The impact of corporate social responsibility on the cost of bank loans. Journal

of Banking and Finance, 35, 1794–1810.

Grassetti, F., & Stocco, D. (2022). ESG rating and tail risk: The role of sustainability in financial networks. In

32nd European Conference on Operational Research.

Harrington, J. (1989). Collusion among asymmetric firms: The case of different discount factors. International

Journal of Industrial Organization, 7, 289–307.

Hasan, I., Hoi, C., Wu, Q., & Zhang, H. (2017). Social capital and debt contracting: Evidence from bank loans

and public bonds. Journal of Financial and Quantitative Analysis, 52, 1017–1047.

Hong, H., & Kacperczyk, M. (2009). The price of sin: The effects of social norms on markets. Journal of

Financial Economics, 93, 15–36.

Jagannathan, R., Matsa, D., Meier, I., & Tarhan, V. (2016). Why do firms use high discount rates? Journal of

Financial Economics, 120, 445–463.

Jagannathan, R., Ravikumar, A., & Sammon, M. (2018). Environmental, social, and governance criteria: Why

investors should care. Journal of Investment Management, 16, 18–31.

Kozlova, M. (2017). Real option valuation in renewable energy literature: Research focus, trends and design.

Renewable and Sustainable Energy Reviews, 80, 180–196.

Krugger, P., Landier, A., & Thesmar, D. (2015). The WACC fallacy: The real effects of using a unique discount

rate. Journal of Finance, 70, 1253–1285.

Leland, H. (1994). Corporate debt value, bond covenants, and optimal capital structure. Journal of Finance,

49, 1213–1252.

Mauer, D., & Sarkar, S. (2005). Real options, agency conflicts, and optimal capital structure. Journal of

Banking and Finance, 29, 1405–1428.

McDonald, R., & Siegel, D. (1986). The value of waiting to invest. Quarterly Journal of Economics, 101,

707–727.

Morellec, E. (2001). Asset liquidity, capital structure, and secured debt. Journal of Financial Economics, 61,

173–206.

Nicolosi, M., Cerqueti, R., Ciciretti, R., & Dalo, A. (2022). ESG investing: A chance to reduce systemic risk.

In 32nd European conference on operational research.

Nishihara, M. (2021). Preemptive competition between two firms with different discount rates. Managerial

and Decision Economics, 42, 675–687.

Nishihara, M., & Ohyama, A. (2008). R&D competition in alternative technologies: A real options approach.

Journal of the Operations Research Society of Japan, 51, 55–80.

Nishihara, M., & Shibata, T. (2010). Interactions between preemptive competition and a financing constraint.

Journal of Economics and Management Strategy, 19, 1013–1042.

Nishihara, M., & Shibata, T. (2021). The effects of asset liquidity on dynamic sell-out and bankruptcy decisions.

European Journal of Operational Research, 288, 1017–1035.

Oehmke, M., & Opp, M. (2022). A theory of socially responsible investment. Swedish House of Finance

Research Paper No. 20-2, Available at SSRN: https://ssrn.com/abstract=3467644.

Pedersen, L., Fitzgibbons, S., & Pomorski, L. (2021). Responsible investing: The ESG-efficient frontier.

Journal of Financial Economics, 142, 572–597.

Seltzer, L., Starks, L., & Zhu, Q. (2022). Climate regulatory risk and corporate bonds, Working Paper. National

Bureau of Economic Research.

Shibata, T., & Nishihara, M. (2012). Investment timing under debt issuance constraint. Journal of Banking

and Finance, 36, 981–991.

Shibata, T., & Nishihara, M. (2018). Investment timing, reversibility, and financing constraints. Journal of

Corporate Finance, 48, 771–796.

Sundaresan, S., & Wang, N. (2007). Investment under uncertainty with strategic debt service. American

Economic Review, 97, 256–261.

Sundaresan, S., Wang, N., & Yang, J. (2015). Dynamic investment, capital structure, and debt overhang. Review

of Corporate Finance Studies, 4, 1–42.

Thies, C., Kieckhafer, K., Spengler, T., & Sodhi, M. (2019). Operations research for sustainability assessment

of products: A review. European Journal of Operational Research, 274, 1–21.

Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. Journal of Finance, 43, 1–19.

Trigeorgis, L., & Tsekrekos, A. (2018). Real options in operations research: A review. European Journal of

Operational Research, 270, 1–24.

United Nations. (2022). The sustainable development goals report, United Nations. https://unstats.un.org/

sdgs/report/2022.

123

Annals of Operations Research

Zerbib, O. (2019). The effect of pro-environmental preferences on bond prices: Evidence from green bonds.

Journal of Banking and Finance, 98, 39–60.

Publisher’s Note Springer Nature remains neutral with regard to jurisdictional claims in published maps and

institutional affiliations.

123

...

参考文献をもっと見る

全国の大学の
卒論・修論・学位論文

一発検索!

この論文の関連論文を見る