Climate Change Adaptation, Governance and New Issues of Value -

Climate Change Adaptation, Governance and New Issues of Value

Measuring the Impact of ESG Scores on CoE and Firm Performance
Buch | Hardcover
XXXIX, 288 Seiten
2022 | 1st ed. 2022
Springer International Publishing (Verlag)
978-3-030-90114-1 (ISBN)
117,69 inkl. MwSt

This book investigates sustainability, CSR, climate change adaptation, the relevance of ESG scores and their impact on firm value and growth. The first part of the book analyses the topics from a conceptual angle. The authors discuss how the concepts of self-consciousness and awareness drive the shift of the traditional concept of corporate mission towards more sustainable business models. The authors propose an in-depth analysis of the main challenges posed by climate change and of the initial policy-makers' responses and provide their view on the central role of ESG scores and circular economy for growth and development. The authors conclude with an analysis of the main literature on the measurement of the relation between ESG scores and firms' performance and cost of equity (CoE). The second part of the book contains comparative empirical evidence, supporting these theories across specific industries, and will be of interest to academics, researchers, and students of sustainability and impact finance.


Carlo Bellavite Pellegrini is Full Professor of Corporate Finance in the Faculty of Banking, Finance and Insurance Sciences at the Catholic University of the Sacred Heart of Milan, Italy where he teaches both Corporate Finance and Corporate Governance. Director of the Executive Committee of the Research Centre for studies in Applied Economics, Carlo is also a fellow at a number of research centres including the Centre for Econometric Analysis, Cass Business School, London. He was Visiting Scholar for Research at the University Carlos III in Madrid in 2008, the University Cergy-Pontoise in Paris in 2011 and the Cass Business School in London from 2012 to 2016. Carlo is the author of seven books and scientific publications in international and national journals. Additionally, he has been a professional accountant since 1995 and an auditor since 1999. Laura Pellegrini is Adjunct Professor of Corporate Finance in the Faculty of Banking, Finance and Insurance Sciences at the Catholic University of the Sacred Heart of Milan, Italy. She has been an Associate Professor of Banking and Finance since 2017, and is a Research Fellow at the Research Centre for Studies in Applied Economics (CSEA), Catholic University of the Sacred Heart of Milan. Laura has written several books and articles on corporate governance, political connections and corruption, stability and efficiency issues in financial intermediaries, at national and international level. Her main research interests include banking and finance, corporate governance, corporate finance, law and finance, and stability and efficiency issues in financial intermediaries. Massimo Catizone is an investment banker specialising in asset finance and securitisation. Prior to investment banking Massimo launched a finance advisory boutique based in London and supervised by the FCA, acted as CEO for a European regulated asset management company, covering a number of senior positions in primary international financial institutions, banks and law firms. Massimo holds a Certificate in Investment Management from the Chartered Institute for Securities and Investments, and is qualified as an Italian lawyer and solicitor of England and Wales. He graduated from the University of Bologna, Italy, and also studied at Robert Schuman University, Strasbourg, France. Massimo is a co-author of The Family Office, published in 2019.

Part I: Climate Change challenge, CSR, ESG issues: the state of the art.- Chapter 1: Introduction.- Chapater 2: Self-consciousness and awareness as adaptation enablers.- Chapter 3: Climate change challenges and the policy makers initial response.- Chapter 4: SRI, ESG and Value of Sustainability.- Chapter 5: Consortium company, Circular Economy and ESG: the Comieco Case Study.- Chapter 6: Environmental, Social and Governance issues: the empirical literature review around the World.- Part II: ESG, Cost of Equity and Firm' Performance: empirical evidences across Industries around the World.- Chapter 7: ESG, cost of equity and Profitability in the Oil&Gas Sector.- Chapter 8: Automotive and tyre sector: sustainability as the new "value" for shareholders.- Chapter 9: How much does matter ESG ratings in Big Pharma Firms Performances?.- Chapter 10: Corporate Green Bond: Issuance and equity market reaction.- Chapter 11: The Sustainability Challenge for Asian Emerging Markets: some empiricalevidences.- Index.

Erscheinungsdatum
Reihe/Serie Palgrave Studies in Impact Finance
Zusatzinfo XXXIX, 288 p. 35 illus., 24 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 546 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Schlagworte climate change • climate change adaptation • Coe • Corporate Governance • Development Finance • Environmental Policy • Equity • ESG • ESG investing • ESG Risk • firm performance • Sustainable business models
ISBN-10 3-030-90114-9 / 3030901149
ISBN-13 978-3-030-90114-1 / 9783030901141
Zustand Neuware
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