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The ESG Divide: How Banks and Bondholders Differ in Financing Brown Firms

We study credit providers and costs of debt for firms with low ESG performance. First, we find that, while both banks and bondholders charge low-ESG borrowers a higher interest rate compared to high-ESG borrowers, the premium charged by banks is …

Surfing the Green Wave: What’s in a "Green" Name Change?

Banks’ Physical Footprint and Financial Technology Adoption

Blockchain and Banking Efficiency: Global Evidence from Ripple Network Adoption

Conflicting Fiduciary Duties and Fire Sales of VC-backed Start-ups