Firm Commitments

Published Online:https://doi.org/10.1287/mnsc.2024.07298

References

  • Baker AC, Larcker DF, Wang CC (2022) How much should we trust staggered difference-in-differences estimates? J. Financial Econom. 144(2):370–395.CrossrefGoogle Scholar
  • Bebchuk L, Tallarita B (2020) The illusory promise of stakeholder governance. Cornell Law Rev. 106:91–178.Google Scholar
  • Bolton P (2023) Corporate responsibility and the theory of the firm. Preprint, submitted January 18, https://dx.doi.org/10.2139/ssrn.4687083.Google Scholar
  • Bolton P, Kacperczyk M (2021) Do investors care about carbon risk? J. Financial Econom. 142(2):517–549.CrossrefGoogle Scholar
  • Bolton P, Kacperczyk M (2023) Global pricing of carbon-transition risk. J. Finance 78(6):3677–3754.CrossrefGoogle Scholar
  • Bolton P, Kacperczyk M (2024) Carbon disclosure and the cost of capital. Working paper, Imperial College London, UK.Google Scholar
  • Carney M (2020) COP26 meetings in Glasgow, November 2021.Google Scholar
  • Cenedese G, Han S, Kacperczyk M (2024) Carbon-transition risk and net-zero portfolios. Working paper, Imperial College London, UK.Google Scholar
  • Comello S, Reichelstein J, Reichelstein S (2021) Corporate carbon reduction pledges: An effective tool to mitigate climate change? Working paper, University of Mannheim, Germany.Google Scholar
  • Dahlmann F, Branicki L, Brammer S (2019) Managing carbon aspirations: The influence of corporate climate change targets on environmental performance. J. Bus. Ethics 158:1–24.CrossrefGoogle Scholar
  • Dyck A, Lins K, Roth L, Wagner H (2019) Do institutional investors drive corporate social responsibility? International evidence. J. Financial Econom. 131(3):693–714.CrossrefGoogle Scholar
  • Eccles R, Klimenko S (2019) The investor revolution. Harvard Bus. Rev., 106–116.Google Scholar
  • Edmans A (2020) Company purpose and profit need not be in conflict if we ‘grow the pie’. Econom. Affairs 40:287–294.Google Scholar
  • Freiberg D, Grewal J, Serafeim G (2021) Science-based carbon emissions targets. Working paper, Harvard Business School, Boston.Google Scholar
  • Gibson R, Glossner S, Krueger P, Matos P, Steffen T (2022) Do responsible investors invest responsibly? Rev. Finance 26(6):1389–1432.CrossrefGoogle Scholar
  • Goodman-Bacon A (2021) Difference-in-differences with variation in treatment timing. J. Econometrics 225(2):254–277.CrossrefGoogle Scholar
  • Greenstone M, Leuz C, Breuer P (2023) Mandatory disclosure would reveal corporate carbon damages. Science 381(6660):837–840.CrossrefGoogle Scholar
  • Ioannou I, Li SX, Serafeim G (2016) The effect of target difficulty on target completion: The case of reducing carbon emissions. Accounting Rev. 91(5):1467–1492.CrossrefGoogle Scholar
  • Kacperczyk M, Peydro JL (2022) Carbon emissions and the bank-lending channel. Discussion paper, Center for Economic and Policy Research, Washington, DC.Google Scholar
  • Krueger P, Sautner Z, Starks L (2020) The importance of climate risks for institutional investors. Rev. Financial Stud. 33(3):1067–1111.CrossrefGoogle Scholar
  • Lemma TT, Lulseged A, Tavakolifar M (2021) Corporate commitment to climate change action, carbon risk exposure, and a firm’s debt financing policy. Bus. Strategy Environ. 30(8):3919–3936.CrossrefGoogle Scholar
  • Lu SS (2021) The green bonding hypothesis: How do green bonds enhance the credibility of environmental commitments? Unpublished doctoral dissertation, University of Chicago, IL.Google Scholar
  • Potoski M, Prakash A (2005) Covenants with weak swords: ISO 14001 and firms’ environmental performance. J. Policy Anal. Management 24(4):745–769.CrossrefGoogle Scholar
  • Potoski M, Prakash A (2013) Do voluntary programs reduce pollution? Examining ISO 14001’s effectiveness across countries? Policy Stud. J. 41(2):273–294.CrossrefGoogle Scholar
  • Ramadorai T, Zeni F (2024) Climate regulation and emissions abatement: Theory and evidence from firms’ disclosures. Management Sci. 70(12):8366–8385.LinkGoogle Scholar
  • Roth J, Sant’Anna P, Bilinski A, Poe J (2023) What’s trending in difference-in-differences? A synthesis of the recent econometrics literature. J. Econom. 235(2):2218–2244.Google Scholar
  • Schoenmaker D, Schramade W (2018) Principles of Sustainable Finance (Oxford University Press, Oxford, UK).Google Scholar
  • Tomar S (2023) Greenhouse gas disclosure and emissions benchmarking. J. Accounting Res. 61(2):451–492.CrossrefGoogle Scholar
  • Ylä-Anttila T, Gronow A, Stoddart MC, Broadbent J, Schneider V, Tindall DB (2018) Climate change policy networks: Why and how to compare them across countries. Energy Res. Soc. Sci. 45:258–265.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.