It takes two to dance: Institutional dynamics and climate-related financial policies
Sign Up to like & getrecommendations! Published in 2021 at "Ecological Economics"
DOI: 10.1016/j.ecolecon.2021.107210
Abstract: Abstract This article studies how institutional dynamics might affect and be affected by the implementation of climate-related financial policies. First, we propose a three-dimensional framework to distinguish: i) motives for policy implementation (prudential or promotional);… read more here.
Keywords: climate related; political delegated; institutional dynamics; related financial ... See more keywords
Network effects in corporate financial policies
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.05.060
Abstract: Abstract We present a spatial econometrics framework for estimating peer effects in capital structure. This approach exploits the heterogeneous and intransitive nature of peer networks to identify economically informative structural coefficients. In models of leverage… read more here.
Keywords: corporate financial; leverage; effects corporate; peer ... See more keywords