Who should pay for ESG ratings?

Stefano Lovo, Jacques Olivier

HEC Paris, France

Sustainable Investing in Practice: Objectives, Constraints, and Limits to Impact

Alex Edmans¹, Tom Gosling², Dirk Jenter²

1: London Business School, United Kingdom; 2: London School of Economics, United Kingdom

Opening the Brown Box: Production Responses to Environmental Regulation

Rebecca De Simone¹, Lakshmi Naaraayanan¹, Kunal Sachdeva²

1: London Business School; 2: University of Michigan, United States of America

The Biodiversity Protection Discount

Golnaz Bahrami, Matthew Gustafson, Eva Steiner

Penn State Smeal College of Business, United States of America

Pricing the Priceless: The Financing Cost of Biodiversity Conservation

Fukang Chen¹, Minhao Chen¹, Haoyu Gao¹, Lin William Cong^2,4,5, Jacopo Ponticelli^3,4,6

1: School of Finance, Renmin University of China; 2: SC Johnson College of Business, Cornell University; 3: Kellogg School of Management, Northwestern University; 4: NBER; 5: IC3; 6: CEPR

Biodiversity Co-Benefits in Carbon Markets? Evidence from Voluntary Offset Projects

Zoey Zhou¹, Douglas Almond²

1: HKUST, Hong Kong S.A.R. (China); 2: Columbia University & NBER, US

Investors as Liquidity Backstop in Corporate Bond Markets

Carole Comerton-Forde⁴, Billy Ford², Thierry Foucault¹, Simon Jurkatis³

1: HEC, Paris, France; 2: Bank of England; 3: Bank of England; 4: Melbourne University

Rewiring Repo

Jin-Wook Chang, Elizabeth Klee, Vladimir Yankov

Federal Reserve Board, United States of America

Enhanced Resiliency in Corporate Bond Liquidity: A Tradeoff in OTC Markets

Botao Wu

CUHK, Hong Kong S.A.R. (China)

Financing and the Green Paradox

Rui Albuquerque¹, Mathias Kruttli², Yiding Ma^3,4, Sumudu Watugala²

1: Boston College, United States of America; 2: Indiana University - Kelley School of Business, United States of America; 3: Cornell University, United States of America; 4: Technical University of Denmark (DTU), Denmark

Blended Finance

Thomas Giroux¹, Caroline Flammer^2,3,4,5, Geoffrey Heal^2,3

1: CREST-ENSAE; 2: Columbia University; 3: NBER; 4: ECGI; 5: CEPR

Climate Policy and Firm Efficiency: Lessons From the Trucking Industry

Gustav Martinsson¹, Per Strömberg², Christian Thomann³

1: Stockholm Business School; 2: Stockholm School of Economics; 3: KTH, Sweden

Rewiring Supply Chains Through Uncoordinated Climate Policy

Emanuela Benincasa¹, Olimpia Carradori¹, Miguel A. Ferreira², Emilia Garcia-Appendini³

1: University of Zurich, Swiss Finance Institute; 2: Nova School of Business and Economics, CEPR, ECGI; 3: Norges Bank, University of St. Gallen, and Swiss Finance Institute

Effects of Anti-ESG Legislation: Evidence from the Mutual Fund Industry

Anna Rozhkova

Rotman School of Management, University of Toronto

Socially Responsible Investing in the Political Context

Marco Ceccarelli¹, Stefano Ramelli^2,4, Anna Vasileva³, Alexander F. Wagner^3,4

1: Vrije Universiteit (VU) Amsterdam, Netherlands; 2: University of St. Gallen, Switzerland; 3: University of Zurich, Switzerland; 4: Swiss Finance Institute

Government-Funded Green Banks: Catalysts for the Green Transition

Claudio Rizzi¹, Simon Xu², Paul Yoo³

1: IESE Business School, Spain; 2: Harvard Business School, Harvard University, US; 3: Kogod School of Business, American University, US

A Greenwashing Index

Elise Gourier, Hélène Mathurin

ESSEC Business School, France

Pricing Pollution: Asset-Pricing Implications of the EU Emissions Trading System

Dries Laurs¹, Philip Stork², Remco Zwinkels³

1: Vrije Universiteit Amsterdam and Robeco Institutional Asset Management; 2: Vrije Universiteit Amsterdam; 3: Vrije Universiteit Amsterdam and Tinbergen Institute

International Climate News

María José Arteaga Garavito¹, Riccardo Colacito², Mariano Massimiliano Croce¹, Biao Yang³

1: Bocconi University; 2: UNC Chapel Hill; 3: Shanghai Jiao Tong University

Understanding the Pricing of Carbon Emissions: New Evidence from the Stock Market

Matteo Crosignani¹, Emilio Osambela², Matt Pritsker³

1: Federal Reserve Bank of New York; 2: Federal Reserve Board; 3: Federal Reserve Bank of Boston

Beyond the Storm: Climate Risk and Homeowners' Insurance

Ankit Kalda¹, Varun Sharma¹, Vikas Soni², Derek Wenning¹

1: Indiana University; 2: University of South Florida

Environmental Disclosures in Global Supply Chains

Christian Opp¹, Xingtan Zhang²

1: Simon Business School, United States of America; 2: Cheung Kong Graduate School of Business

Sustainable Investing and Public Goods Provision

Ilaria Piatti², Joel Shapiro¹, Xuan Wang³

1: University of Oxford, United Kingdom; 2: Queen Mary University of London; 3: VU Amsterdam

Addressing Anticipation Effects in Finance

Tomislav Ladika¹, Elisa Pazaj¹, Zacharias Sautner²

1: Unviersity of Amsterdam, Netherlands, The; 2: University of Zurich