Journal of Sustainable Finance & Investment最新文献

{"title":"Environmental performance factors: insights from CSR-linked compensation, committees, disclosure, targets, and board composition","authors":"Lewis Liu","doi":"10.1080/20430795.2024.2313497","DOIUrl":"https://doi.org/10.1080/20430795.2024.2313497","url":null,"abstract":"This research investigates the factors influencing Corporate Environmental Performance (CEP) using S&P 500 firm-level data spanning 2001-2022. Drawing on existing literature, the study argues that ...","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"216 1","pages":""},"PeriodicalIF":4.3,"publicationDate":"2024-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139769295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainable investment conditions and firm performance in the Middle East and North Africa: a holistic approach","authors":"Charilaos Mertzanis, Hazem Marashdeh, Nohade Nasrallah, Abu Reza Mohammad Islam","doi":"10.1080/20430795.2024.2303492","DOIUrl":"https://doi.org/10.1080/20430795.2024.2303492","url":null,"abstract":"We analyze the effect of sustainable investment conditions on firm performance in the Middle East and North African countries. We measure sustainable investment conditions by the extent of market p...","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"16 1","pages":""},"PeriodicalIF":4.3,"publicationDate":"2024-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139769279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Are country-level political uncertainty and power distance important to the CSR-audit report lag nexus? Evidence from the GCC region","authors":"Mujeeb Saif Al-Absi, Redhwan Al-Dhamari, Hamid Abdulkhaleq Hasan Al-Wesabi, Khaldoon Albitar","doi":"10.1080/20430795.2024.2306511","DOIUrl":"https://doi.org/10.1080/20430795.2024.2306511","url":null,"abstract":"This study examines the effect of corporate social responsibility (CSR) performance on audit report lag and whether political uncertainty and power distance levels impact such association. We find ...","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"85 1","pages":""},"PeriodicalIF":4.3,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139561112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Are clean and black energy exchange-traded funds driven by climate risk?","authors":"Vítor Gabriel, Carlos Pinho","doi":"10.1080/20430795.2024.2303501","DOIUrl":"https://doi.org/10.1080/20430795.2024.2303501","url":null,"abstract":"This research paper analyzes the connectivity and spillover effects of climate uncertainty policy in exchange-traded funds (ETFs) on clean and black energy. Using monthly data for the period from J...","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"212 1","pages":""},"PeriodicalIF":4.3,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139561168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Deep Dive into Climate Risks and Materiality","authors":"Sucharita Gopal, J.P. Pitts","doi":"10.1007/978-3-031-74418-1_4","DOIUrl":"https://doi.org/10.1007/978-3-031-74418-1_4","url":null,"abstract":"This chapter delves into the intersection of climate risks and business management, emphasizing how changing environmental dynamics directly impact organizations, industries, and economies. It outlines the concept of risk in the business context and explores how companies assess and mitigate specific climate-related threats. As scientific evidence points to an increasing frequency and severity of extreme weather events, the chapter highlights the significant financial implications for businesses. It discusses the crucial role of the 2015 Paris Agreement in stabilizing global temperatures and the extensive structural changes needed across various sectors to achieve rapid decarbonization. The chapter also addresses the direct impact of climate change on asset values, with a focus on the expected “climate value at risk” (CVaR) for global financial assets. Furthermore, it explains the growing recognition of climate risks by financial communities and the resultant shift in capital allocation and oversight practices.","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"1 1","pages":"135-182"},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147906372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A blockchain framework for digitizing securities issuance: the case of green bonds","authors":"Vangelis Malamas, Thomas K. Dasaklis, Veni Arakelian, Gregory Chondrokoukis","doi":"10.1080/20430795.2023.2275212","DOIUrl":"https://doi.org/10.1080/20430795.2023.2275212","url":null,"abstract":"ABSTRACTBond issuance is a highly technical and complicated process, including disparate regulatory frameworks, limited traceability and auditability, settlement failures, and mutually untrusted stakeholders. Green bond issuance presents additional challenges, as the qualification of a bond as ‘green’, third-party verification is needed to guarantee that the proceeds fund environmentally beneficial projects. This implies additional administrative and compliance costs. Blockchain technology can address some of the issues mentioned above, to establish trust in impact reporting green bond processes. To this end, we propose a blockchain-enabled green bond issuance architecture that safeguards investors' confidence in the bond's green credentials while keeping the issuer from being accused of greenwashing. To adjust the process of bond issuance to a blockchain-enabled model, we tokenize the bonds. The digital token is created through a smart contract with a specific standard (in our case, ERC-20). Within the smart contracts developed, we use various functions to handle the prerequisites of validators and regulators' approval based on the documentation presented and the parameters of rate and maturity requested by the issuer. We use a separate smart contract to offer forensic-by-design services. The overall system also considers various regulatory compliance instruments and enhances the access of regulatory bodies to issuance records.KEYWORDS: Securities issuancegreen bond issuanceblockchaindigital tokenssmart contracts AcknowledgmentsThe views expressed are those of the authors and do not necessarily reflect those of the Piraeus Bank.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 https://commission.europa.eu/strategy-and-policy/eu-budget/eu-borrower-investor-relations/nextgenerationeu-green-bonds_en2 https://www.worldbank.org/en/news/press-release/2018/08/09/world-bank-mandates-commonwealth-bank-of-australia-for-worlds-first-blockchain-bond3 https://www.bis.org/about/bisih/topics/green_finance/genesis_2.htm4 https://nodejs.org/5 https://github.com/trufflesuite/ganache-cli6 http://truffleframework.com7 https://docs.openzeppelin.com/contracts/3.x/api/token/erc208 https://docs.soliditylang.org9 https://github.com/bagmalamas/Green-Bond-Issuance10 https://ipfs.io/","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"42 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135271726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do sustainability ethics explain the impact of country-level corporate governance on financial stability in developing economies?","authors":"Daniel Ofori‐Sasu, George Nana Agyekum Donkor, J. Abor","doi":"10.1080/20430795.2023.2226791","DOIUrl":"https://doi.org/10.1080/20430795.2023.2226791","url":null,"abstract":"ABSTRACT The study presents an empirical evidence on how sustainability ethics affect the relationship between country-level corporate governance and financial stability in developing countries. Employing the dynamic system Generalized Method of Moments on a panel dataset of 137 developing countries over the period, 2006–2019, the study found that the positive effect of country-level corporate governance framework on financial stability is not instantaneous. We find that internal and external corporate governance frameworks have a strong positive synergistic effect on financial stability. We confirm that corporate governance measures substitute sustainability ethics to yield a desirable outcome of financial stability. Finally, the study finds evidence to support that sustainability ethics reduce the negative impact of country-level corporate governance on financial stability. The study recommends that the build-up of quality sustainability ethics can help tame the reductive effect of the country-level corporate governance framework on financial stability in developing countries.","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"13 1","pages":"1415 - 1450"},"PeriodicalIF":4.3,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42658735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"It’s the news, stupid! The relationship between news attention, literacy, trust, greenwashing perceptions, and sustainable finance investment in Switzerland","authors":"N. Strauss, Jonathan Krakow, M. Chesney","doi":"10.1080/20430795.2023.2226792","DOIUrl":"https://doi.org/10.1080/20430795.2023.2226792","url":null,"abstract":"ABSTRACT Although sustainable finance (SF) has become a leading trend in the financial industry, little is known about how attention to news on SF, trust in the industry, and recent accusations of greenwashing affect the likelihood to invest in SF products. Based on a survey of a representative sample of Swiss citizens, we find that more attention to news about SF and trust in SF are positively related to the likelihood of investing in SF, whereas greenwashing perceptions are negatively related. Furthermore, attention to SF and economic news are positive predictors of sustainable finance literacy (SFL), whereas attention to SF news is negatively associated with greenwashing perception of SF. Collectively, these findings imply that engaging citizens with SF investments, particularly information seeking on SF news and trust in SF rather than SFL, need to be fostered. The Implications of the communication practices of the SF industry and policy implications are discussed.","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"13 1","pages":"1480 - 1505"},"PeriodicalIF":4.3,"publicationDate":"2023-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45898001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Statement of Retraction","authors":"Quoc Thuan Pham","doi":"10.1080/20430795.2023.2178603","DOIUrl":"https://doi.org/10.1080/20430795.2023.2178603","url":null,"abstract":"","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"13 1","pages":"1128 - 1130"},"PeriodicalIF":4.3,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48539548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"From the desk of editor-in-chief","authors":"Gurinder Singh, S. Aggarwal, Vikas Garg, R. Goel","doi":"10.1080/20430795.2022.2061408","DOIUrl":"https://doi.org/10.1080/20430795.2022.2061408","url":null,"abstract":"","PeriodicalId":45546,"journal":{"name":"Journal of Sustainable Finance & Investment","volume":"13 1","pages":"700 - 701"},"PeriodicalIF":4.3,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47299622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}