Managerial Finance: Volume 50 Issue 1

Guest editorial: A short review of the role of ESG activities in business and research

Anna Agapova, Tatiana Garanina

Managerial incentives for ESG in the financial services industry: direct and indirect association between ESG and executive compensation

Jooh Lee, Kyungyeon (Rachel) Koh, Eunsup Daniel Shim

This study investigates the empirical association between environmental, social and corporate governance (ESG) performance and top executive compensation in the US financial…

When politics meets sustainability: the effect of independent directors' political connections on corporate sustainability disclosure in China

Hsiu-I Ting, Yun-Chi Lee

This paper investigates the influence of political connections on sustainability disclosure in the context of China's Regulation 18.

Does CSR committee drive the association between corporate social responsibility and firm performance? International evidence

Aamir Khan, Mustafa Afeef, Muhammad Ilyas, Shahid Jan

Relying on the stakeholder view, this study investigates the role of CSR committee in moderating the association between CSR and firm performance (FP). Further, the authors…

Attunement theory, CEO's cyclical influence on corporate social responsibility and firm value

Ivan E. Brick, Yankuo Qiao

This paper aims to further contribute to the growing stream of literature on the CEO's impact on corporate social responsibility (CSR). The authors shed light on the implications…

Exploring the role of ESG for the performance and risks of infrastructure investing: evidence from the international funds' market

Francesco Baldi, Neophytos Lambertides

This study investigates the relation between ESG-driven investment strategies and the performance of infrastructure funds. More specifically, this study examines the impact of the…

Corporate carbon emissions data for equity and bond portfolios

Laurens Swinkels, Thijs Markwat

To better understand the impact of choosing a carbon data provider for the estimated portfolio emissions across four asset classes. This is important, as prior literature has…

Long-run performance following corporate green bond issuance

Marcellin Makpotche, Kais Bouslah, Bouchra M'Zali

This paper aims to investigate the long-run financial and environmental performance of corporate green bond issuers, worldwide.

M&A activity and ESG performance: evidence from China

Jahidur Rahman, Jiani Wu

This study explores the effect of mergers and acquisitions (M&As) on corporations' environmental, social and governance (ESG) performance and values in the Chinese financial…

Performance of ESG SPACs

Vinay Datar, Ekaterina E. Emm, Bo Han

The authors examine one special focus of Special Purpose Acquisition Companies (SPACs), namely environmental, social and governance (ESG) related investments. The authors document…

Multi-level analysis on determinants of sustainability disclosure: a survey of academic literature

Waris Ali, Jeffrey Wilson

This study uses a multi-level framework to systematically summarize and synthesize the empirical literature on determinants of sustainability disclosure.

Sustainable investments: a scientometric review and research agenda

Monica Singhania, Ibna Bhan, Gurmani Chadha

Sustainable investments (SI) represent a promising class of investments, combining financial returns with mitigating environmental challenges, achieving SDG goals and creating a…