GX & Decarbonization Research

null Simona Heseková

This paper argues that the credibility of ESG ratings is crucial for their use in financial markets and positively assesses the EU regulation 2024/3005 for enhancing transparency. It confirms that industry classification influences rating m…

Jiayin Sun

This paper empirically examines the effect of ESG performance on the cost of equity capital. It finds that ESG reduces cost of equity through lower risk premiums, reduced information asymmetry, and a larger investor base. The effect is mode…

Su-Young Choi, Heejeong Shin

This study empirically analyzes whether ESG ratings mitigate market underreaction to financial information in corporate valuation. Results show that underreaction is alleviated for firms disclosing ESG information, especially those with hig…

Yen-Yu Liu, Pin-Sheng Lee

This study uses Cox survival analysis on 2016-2024 data from Taiwanese listed firms to examine how sustainability disclosure and assurance affect ESG performance persistence (time to rating decline). Voluntary disclosure is associated with …

Jan Schneemeier, Adelina Barbalau

This paper models a strategic interaction where ESG ratings inform firms about investor preferences, strengthening incentives to manipulate ESG disclosures. Greater rating precision amplifies manipulation motives but reduces its price impac…

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This paper discusses how ESG investment facilitates institutional investors' contribution to the SDGs. By incorporating ESG criteria into investment decisions, capital flows can be directed toward sustainable projects, enhancing social impa…

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This paper discusses promoting ESG investment by leveraging university sports resources. It suggests that university sports facilities and programs can be targeted for ESG investment, enabling sustainable operations and fundraising. Through…

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This paper examines the relationship between corporate sustainability strategy and management control systems (MCS). It argues that achieving sustainability goals requires rethinking traditional performance measurement and incentive design,…

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This paper examines the relationship between sustainable finance and credit ratings, discussing how ESG factors influence ratings and evaluation methods for green bonds and other instruments.

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This book explains the concept and practice of ESG investment, positioning it as a new form of capitalism. It likely discusses the current state and challenges of ESG investment in Japan.

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An article discussing the evolution of ESG investment. Although the specific content is unknown, it likely covers trends and future prospects of ESG investing.

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Based on the title, this paper asks whether ESG/SDG frameworks raise occupational health standards. Although the abstract is unavailable, it likely explores the link between corporate sustainability and worker health and safety practices.

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This paper discusses whether the ESG investment trend is genuine. By questioning its authenticity, it provides insights for investors and companies.

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This paper analyzes how ESG wash damages corporate value and proposes appropriate disclosure frameworks. It elucidates mechanisms by which false or exaggerated ESG claims erode investor trust and increase cost of capital. Provides actionabl…

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This paper reviews the current state and challenges of ESG investment in China, introduces recent initiatives, analyzes driving factors and obstacles, and outlines future prospects.

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This paper empirically examines CSR information disclosure in Japanese and Chinese companies from a diversity perspective. It analyzes the impact of diversity on disclosure quality and scope, comparing the characteristics of both countries.

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This study examines how the volume of disclosed information and corporate impression management affect ESG evaluations. It suggests that while more disclosure may improve ratings, impression management can distort assessments.

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This empirical study examines a 'ROESG' model that integrates ESG factors into financial performance analysis for Japanese machinery manufacturers. It quantitatively evaluates the link between ESG and profitability, providing insights for G…

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This paper examines the role and significance of integrated reporting for Japanese SMEs. It discusses how integrated reports can enhance stakeholder communication and contribute to sustainable business practices, highlighting both benefits …

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This paper analyzes the disclosure of social capital in Japanese companies' integrated reports, examining reporting trends and links to corporate value.