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Sustainability and Credit Spreads in Japan

In: Environmental Technology Innovation and ESG Investment

Author

Listed:
  • Tatsuyoshi Okimoto

    (Keio University and Research Institute of Economy, Trade and Industry (RIETI))

  • Sumiko Takaoka

    (Seikei University)

Abstract

The rapid expansion of environmental, social, and governance (ESG) investing raises a question vis-á-vis if the asset prices reflect the firm’s ESG performance. Early empirical research related to the relationship between corporate social responsibility (CSR) and financial performance shows mixed results.

Suggested Citation

  • Tatsuyoshi Okimoto & Sumiko Takaoka, 2024. "Sustainability and Credit Spreads in Japan," Springer Books, in: Sumiko Takaoka (ed.), Environmental Technology Innovation and ESG Investment, pages 11-38, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-9768-8_2
    DOI: 10.1007/978-981-99-9768-8_2
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    More about this item

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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