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  4. Publikationen School of Management and Law
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dc.contributor.authorMeyer, Julia-
dc.contributor.authorAffolter, Beat-
dc.date.accessioned2024-02-02T11:03:00Z-
dc.date.available2024-02-02T11:03:00Z-
dc.date.issued2023-08-20-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/29779-
dc.description.abstractThis paper develops a novel approach for classifying companies according to three different sustainability focus possibilities -- avoidance of financial and sustainability risks, contributions towards the UN Sustainable Development Goals (SDGs), and commitment towards transformation. We examine the relationship between these profiles and corporate financing. First, we link the three sustainability profiles to the probability that a company issues a sustainability-specific debt financing instrument and show that, against our predictions, better sustainability performers in all dimensions are more likely to hold such an instrument. Second, we provide evidence for a general increase in book leverage for companies avoiding sustainability risks, as well as companies in transition, but not companies providing specific solutions toward the achievement of the SDGs. Furthermore, this increase in leverage is not driven by sustainability-related debt instruments.de_CH
dc.format.extent34de_CH
dc.language.isoende_CH
dc.publisherSSRNde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectSustainability assessmentde_CH
dc.subjectSustainable financingde_CH
dc.subjectESGde_CH
dc.subjectSDGde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleDo sustainable companies receive more debt? : the role of sustainability profiles and sustainability-related debt instrumentsde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Financial Management (IFI)de_CH
dc.identifier.doi10.2139/ssrn.4545549de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Meyer, J., & Affolter, B. (2023). Do sustainable companies receive more debt? : the role of sustainability profiles and sustainability-related debt instruments. SSRN. https://doi.org/10.2139/ssrn.4545549
Meyer, J. and Affolter, B. (2023) Do sustainable companies receive more debt? : the role of sustainability profiles and sustainability-related debt instruments. SSRN. Available at: https://doi.org/10.2139/ssrn.4545549.
J. Meyer and B. Affolter, “Do sustainable companies receive more debt? : the role of sustainability profiles and sustainability-related debt instruments,” SSRN, Aug. 2023. doi: 10.2139/ssrn.4545549.
MEYER, Julia und Beat AFFOLTER, 2023. Do sustainable companies receive more debt? : the role of sustainability profiles and sustainability-related debt instruments. SSRN
Meyer, Julia, and Beat Affolter. 2023. “Do Sustainable Companies Receive More Debt? : The Role of Sustainability Profiles and Sustainability-Related Debt Instruments.” SSRN. https://doi.org/10.2139/ssrn.4545549.
Meyer, Julia, and Beat Affolter. Do Sustainable Companies Receive More Debt? : The Role of Sustainability Profiles and Sustainability-Related Debt Instruments. SSRN, 20 Aug. 2023, https://doi.org/10.2139/ssrn.4545549.


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