Suchergebnisse

AbstractThis research aims at investigating the effect of firms' environmental policies on the weighted average cost of capital (WACC) in order to catch capital markets' reaction towards corporate environmental commitment and effectiveness in reducing carbon emissions. We refer to the European market and analysed a sample of companies listed on the Stoxx Europe 600 Index during the timeframe 2014–2018. Our results show that capital markets have become particularly sensitive to environmental issues and therefore reward environmentally virtuous firms with a lower after tax WACC. We also argue that this effect is prominent for both high emitting and low emitting industries.

Introduction -- Part A: Theoretical Concepts -- Theoretical insights into the relation between CSR and employer attractiveness -- Cultural and socio-economic embeddedness of CSR preferences -- Part B: Research Approach and Global Results -- Research methodology and procedure -- CSR preferences of students around the world -- Part C: Germanic Europe -- Germany -- The Netherlands -- Part D: Eastern Europe -- Bulgaria -- Georgia -- Poland -- Russia -- Summary Eastern Europe -- Part E: Nordic Europe -- Employer attractiveness in Nordic Europe -- Denmark -- Iceland -- Part F: Latin Europe -- CSR in Latin Europe, an overview -- France -- Italy -- Spain -- Part G: Anglo -- Australia -- Ireland -- USA -- Comparative analysis Anglo countries -- Part H: Latin America -- General context of Latin American countries -- Chile -- Ecuador -- Mexico -- Part I: Sub-Saharan Africa -- General context of Ghana and Nigeria -- Ghana -- Nigeria -- Part J: Arab and Middle East -- Turkey -- United Arab Emirates -- Part K: Confucian Asia -- Corporate Social Responsibility in the Confucian culture -- China -- Japan -- Conclusion.