I measure the influence of ESG activities on Free Cash flow to the Firm and Free Cash Flow
to Equity. I find that ESG activities primarily benefit the cash flows to creditors of firms in …

Examining the S&P 1500 stocks, the responses of the stocks to fiscal and monetary policy
are found to differ due to E, S and G scores by the type of legislation. Non-Financial firms that …

I propose a model of firm heterogeneity and limited managerial commitment within an industrial
equilibrium, where firms use natural resource and produce greenhouse gases. Firms are …

Examining the returns of 16 ESG indexes, we found evidence that a few violate the conditions
of weak-form efficiency and that all violate conditions for semi-strong form efficiency. Given …

The influence of firm size on environmental, social and governance (ESG) ratings is examined
controlling for ratings agency and industrial sector. While a uniform positive relationship is …

Greenwashing has long been considered a viable strategy in the literature and academic
research has explored its drivers from an institutional viewpoint. This paper extends the …

It is demonstrated theoretically why ROE, ROA, and Tobin’s Q aren’t good measures of
corporate financial performance for ESG criteria. Essentially due to E, S, and G criteria affecting …

Results from unit root tests applied to the bilateral China-US real exchange rate do not support
purchasing power parity between the two countries. However, tests of the real equivalent …

This work finds that Managerial and Investor Sentiment are determined by differing sets of
economic variables, that share some common factors: inflation, liquidity and the term premium. …

In macroscopic organisms, aging is often obvious; in single-celled organisms, where there
is the greatest potential to identify the molecular mechanisms involved, identifying and …