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The influence of ESG on credit riskan analysis of european corporate bonds /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The influence of ESG on credit riskby Anna Gappmaier.
Reminder of title:	an analysis of european corporate bonds /
Author:	Gappmaier, Anna.
Published:	Wiesbaden :Springer Fachmedien Wiesbaden :2025.
Description:	xxii, 238 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Financial risk management.
Online resource:	https://doi.org/10.1007/978-3-658-49090-4
ISBN:	9783658490904$q(electronic bk.)

The influence of ESG on credit riskan 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$q(electronic bk.)

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

258406
Financial risk management.

LC Class. No.: HD61

Dewey Class. No.: 658.155

The influence of ESG on credit riskan analysis of european corporate bonds /
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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.
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