The effect of climate risks on the interactions between financial markets and energy companies

AA van Benthem, E Crooks, S Giglio, E Schwob… - Nature Energy, 2022‏ - nature.com
In recent years, the investment community has become increasingly aware of the investment
risks from both the physical effects of climate change and the regulatory responses to …

Capital-market imperfections and investment

RG Hubbard - 1997‏ - nber.org
Over the past decade, a number of researchers have extended conventional models of
business fixed investment to incorporate a role for financial constraints' in determining …

Financial sustainability: measurement and empirical evidence

W Gleißner, T Günther, C Walkshäusl - Journal of Business Economics, 2022‏ - Springer
Financial sustainability is underrepresented in both the research on and practice of
sustainability management and reporting. This article proposes a conceptual measure of …

Role of foreign direct investment and economic growth in renewable energy development

X Wei, M Mohsin, Q Zhang - Renewable Energy, 2022‏ - Elsevier
Since China's economic reform, the country's economy has thrived. Chinese foreign direct
investment is attracting more and more attention throughout the globe. Although China's …

Risk management, firm reputation, and the impact of successful cyberattacks on target firms

S Kamiya, JK Kang, J Kim, A Milidonis… - Journal of Financial …, 2021‏ - Elsevier
We develop a model where a firm has an optimal exposure to cyber risk. With rational, fully
informed agents and with no hysteresis, a successful cyberattack should have no impact on …

Firms' cash reserve, financial constraint, and geopolitical risk

CC Lee, CW Wang - Pacific-Basin Finance Journal, 2021‏ - Elsevier
This study investigates whether geopolitical risks influence Chinese firms' cash holdings. We
find that firms tend to hoard more cash as a precautionary measure when faced with …

Anatomy of corporate borrowing constraints

C Lian, Y Ma - The Quarterly Journal of Economics, 2021‏ - academic.oup.com
Macro-finance analyses commonly link firms' borrowing constraints to the liquidation value
of physical assets. For US nonfinancial firms, we show that 20% of debt by value is based on …

Information and communication technologies development and the resource curse

L Chang, F Shi, F Taghizadeh-Hesary, HB Saydaliev - Resources Policy, 2023‏ - Elsevier
Abstract Information and communication technologies (ICTs) influence economic growth,
yet, innovation in natural resource development and energy demands is seldom considered …

The finance uncertainty multiplier

I Alfaro, N Bloom, X Lin - Journal of Political Economy, 2024‏ - journals.uchicago.edu
We show how real and financial frictions amplify, prolong, and propagate the negative
impact of uncertainty shocks. We use a novel instrumentation strategy to address …

Presidential address: Does finance benefit society?

L Zingales - The Journal of Finance, 2015‏ - Wiley Online Library
Academics' view of the benefits of finance vastly exceeds societal perception. This
dissonance is at least partly explained by an underappreciation by academia of how, without …