國立虎尾科技大學 |

The influence of ESG on credit risk = an analysis of european corporate bonds /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The influence of ESG on credit risk/ by Anna Gappmaier.
其他題名:	an analysis of european corporate bonds /
作者:	Gappmaier, Anna.
出版者:	Wiesbaden :Springer Fachmedien Wiesbaden : : 2025.,
面頁冊數:	xxii, 238 p. :ill. (some col.), digital ; : 24 cm.;
Contained By:	Springer Nature eBook
標題:	Financial risk management. -
電子資源:	https://doi.org/10.1007/978-3-658-49090-4
ISBN:	9783658490904

The influence of ESG on credit risk = an analysis of european corporate bonds /
Gappmaier, Anna.

The influence of ESG on credit riskan analysis of european corporate bonds /[electronic resource] :by Anna Gappmaier. - Wiesbaden :Springer Fachmedien Wiesbaden :2025. - xxii, 238 p. :ill. (some col.), digital ;24 cm.

Introduction -- ESG -- ESG and Credit Risk -- Interim Conclusion and Hypothesis Development -- Methodology of the Empirical Study on ESG and Credit Risk -- Results of the Empirical Study on ESG and Credit Risk -- Discussion of the Results -- Conclusion.

The increasing relevance of ESG (Environmental, Social, and Governance) in financial research and practice is driven by materiality, investor demand, and regulatory developments. Since ESG initiatives often entail (high) costs for companies, the question arises whether such investments "pay off" in terms of higher performance or lower risk. Previous research has primarily focused on the shareholder value perspective. More recent studies examine ESG from a risk perspective, mainly equity-based. However, studies exploring the relationship between ESG and credit risk remain scarce, especially in the European context. From a principal-agent theory perspective, it can be assumed that creditors evaluate ESG investments differently than owners. Creditors are primarily concerned with the servicing of their claims from the company's cash flow and generally favor less risky investments. The aim of this study is to provide a comprehensive overview of the existing empirical literature and to expand it through an original empirical investigation. The Author Dr. Anna Gappmaier works at the Department of Corporate Finance, at Johannes Kepler University Linz. Her research focuses on issues related to sustainability and ESG from a corporate finance perspective. The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content. This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.

ISBN: 9783658490904

Standard No.: 10.1007/978-3-658-49090-4doiSubjects--Topical Terms:

564847
Financial risk management.

LC Class. No.: HD61

Dewey Class. No.: 658.155

The influence of ESG on credit risk = an analysis of european corporate bonds /
LDR:03055nam a22003375a 4500 001 1171580
003 DE-He213
005 20251116120421.0
006 m d
007 cr nn 008maaau
008 260504s2025 gw s 0 eng d
020 $a 9783658490904 $q (electronic bk.)
020 $a 9783658490898 $q (paper)
024 7 $a 10.1007/978-3-658-49090-4 $2 doi
035 $a 978-3-658-49090-4
040 $a GP $c GP
041 1 $a eng $h ger
050 4 $a HD61
072 7 $a KFFH $2 bicssc
072 7 $a BUS017000 $2 bisacsh
072 7 $a KFFH $2 thema
082 0 4 $a 658.155 $2 23
090 $a HD61 $b .G211 2025
100 1 $a Gappmaier, Anna. $3 1502088
240 1 0 $a Einfluss von ESG auf das Kreditrisiko. $l English
245 1 4 $a The influence of ESG on credit risk $h [electronic resource] : $b an analysis of european corporate bonds / $c by Anna Gappmaier.
260 $a Wiesbaden : $c 2025. $b Springer Fachmedien Wiesbaden : $b Imprint: Springer,
300 $a xxii, 238 p. : $b ill. (some col.), digital ; $c 24 cm.
505 0 $a Introduction -- ESG -- ESG and Credit Risk -- Interim Conclusion and Hypothesis Development -- Methodology of the Empirical Study on ESG and Credit Risk -- Results of the Empirical Study on ESG and Credit Risk -- Discussion of the Results -- Conclusion.
520 $a The increasing relevance of ESG (Environmental, Social, and Governance) in financial research and practice is driven by materiality, investor demand, and regulatory developments. Since ESG initiatives often entail (high) costs for companies, the question arises whether such investments "pay off" in terms of higher performance or lower risk. Previous research has primarily focused on the shareholder value perspective. More recent studies examine ESG from a risk perspective, mainly equity-based. However, studies exploring the relationship between ESG and credit risk remain scarce, especially in the European context. From a principal-agent theory perspective, it can be assumed that creditors evaluate ESG investments differently than owners. Creditors are primarily concerned with the servicing of their claims from the company's cash flow and generally favor less risky investments. The aim of this study is to provide a comprehensive overview of the existing empirical literature and to expand it through an original empirical investigation. The Author Dr. Anna Gappmaier works at the Department of Corporate Finance, at Johannes Kepler University Linz. Her research focuses on issues related to sustainability and ESG from a corporate finance perspective. The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content. This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.
650 0 $a Financial risk management. $3 564847
650 0 $a Corporations $x Finance. $3 561114
650 0 $a Social responsibility of business. $3 558803
650 1 4 $a Corporate Finance. $3 1069043
650 2 4 $a Risk Management. $3 569483
650 2 4 $a Sustainability. $3 793436
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-658-49090-4
950 $a Business and Management (SpringerNature-41169)