The value effect of sustainability: evidence from Latin American ESG bond market
We use the event study methodology to examine the effect of 115 environmental, social, and governance (ESG) bond issuances on the stock price of Latin American listed firms over the period 2016–2022. Consistent with the signaling theory, firms sending a signal of commitment to sustainability obtain...
- Autores:
-
Arévalo, Guillermo
González Ferrero, Maximiliano
Guzmán Vásquez, Alexander
Trujillo Dávila, María Andrea
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2024
- Institución:
- Colegio de Estudios Superiores de Administración
- Repositorio:
- Repositorio CESA
- Idioma:
- eng
- OAI Identifier:
- oai:repository.cesa.edu.co:10726/5786
- Palabra clave:
- ESG bonds
Signaling theory
Information asymmetry
Stock prices
Latin American capital market
- Rights
- License
- Abierto (Texto Completo)