A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Corporate Sustainability and Cost of Equity Capital: Do Managerial Abilities Matter?
This paper investigates whether a firm’s managerial ability affects the link between a firm’s cost of equity capital and corporate sustainability. We test our predictions by using a large U.S. sample of 17,389 firm-year observations. Our findings show that only when managerial ability is high, corporate sustainability significantly reduces a firm’s implied cost of equity capital. An important implication of our findings is that firms with high managerial abilities and limited sustainability commitment are encouraged to pursue or initiate more sustainability activities owing to their negative effect on a firm’s cost of equity capital.
Corporate Sustainability and Cost of Equity Capital: Do Managerial Abilities Matter?
This paper investigates whether a firm’s managerial ability affects the link between a firm’s cost of equity capital and corporate sustainability. We test our predictions by using a large U.S. sample of 17,389 firm-year observations. Our findings show that only when managerial ability is high, corporate sustainability significantly reduces a firm’s implied cost of equity capital. An important implication of our findings is that firms with high managerial abilities and limited sustainability commitment are encouraged to pursue or initiate more sustainability activities owing to their negative effect on a firm’s cost of equity capital.
Corporate Sustainability and Cost of Equity Capital: Do Managerial Abilities Matter?
Abdelmajid Hmaittane (author) / Kais Bouslah (author) / Bouchra M’Zali (author) / Imane Ibariouen (author)
2022
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
Managerial Perceptions of Firms’ Corporate Sustainability Strategies: Insights from Croatia
| DOAJ | 2019
Sustainability and intergenerational equity: do past injustices matter?
| Springer Verlag | 2013