References
- Aver, B., & Cadez, S. (2009). Management accountants’ participation in strategic management processes: A cross industry comparisons. Journal of East European Management Studies, 14(3), 310–322. https://doi.org/10.5771/0949-6181-2009-3-310
- Avramov, D., Cheng, S., Lioui, A., & Tarelli, A. (2022). Sustainable investing with ESG rating uncertainty. Journal of Financial Economics, 145(2), 642–664. https://doi.org/10.1016/j.jfineco.2021.09.009
- Bolton, P., & Kacperczyk, M. (2021). Do investors care about carbon risk? Journal of Financial Economics, 142(2), 517–549. https://doi.org/10.1016/j.jfineco.2021.05.008
- Broadstock, D., Chan, K., Cheng, L., & Wang, X. (2021). The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China. Finance Research Letters, 38, 101716. https://doi.org/10.1016/j.frl.2020.101716
- Crane, A., McWilliams, A., Matten, D., Moon, J., & Siegel, D. (2008). The corporate social responsibility agenda. In The Oxford handbook of corporate social responsibility (pp. 3–18). https://doi.org/10.1093/oxfordhb/9780199211593.001.0001
- DasGupta, R. (2022). Financial performance shortfall, ESG controversies, and ESG performance: Evidence from firms around the world. Finance Research Letters, 46, 102487. https://doi.org/10.1016/j.frl.2021.102487
- Fafaliou, I., Giaka, M., Konstantios, D., & Polemis, M. (2022). Firms’ ESG reputational risk and market longevity: A firm-level analysis for the United States. Journal of Business Research, 149, 161–177. https://doi.org/10.1016/j.jbusres.2022.05.010
- Frey, B. S., & Jegen, R. (2001). Motivation crowding theory. Journal of Economic Surveys, 15(5), 589–611. https://doi.org/10.1111/1467-6419.00150
- Graafland, J., & Gerlagh, R. (2019). Economic freedom, internal motivation, and corporate environmental responsibility of SMEs. Environmental and Resource Economics, 74(3), 1101–1123. https://doi.org/10.1007/s10640-019-00361-8
- Grimstad, S. M. F., Glavee-Geo, R., & Fjørtoft, B. E. (2020). SMEs motivations for CSR: An exploratory study. European Business Review, 32(4), 553–572. https://doi.org/10.1108/EBR-01-2019-0014
- He, F., Qin, S., Liu, Y., & Wu, J. (2022). CSR and idiosyncratic risk: Evidence from ESG information disclosure. Finance Research Letters, 49, 102936. https://doi.org/10.1016/j.frl.2022.102936
- Hong, H., & Kacperczyk, M. (2009). The price of sin: The effects of social norms on markets. Journal of Financial Economics, 93(1), 15–36. https://doi.org/10.1016/j.jfineco.2008.09.001
- Li, H., Zhang, X., & Zhao, Y. (2022). ESG and firm’s default risk. Finance Research Letters, 47, 102713. https://doi.org/10.1016/j.frl.2022.102713
- Li, X., Xu, F., & Jing, K. (2022). Robust enhanced indexation with ESG: An empirical study in the Chinese Stock Market. Economic Modelling, 107, 105711. https://doi.org/10.1016/j.econmod.2021.105711
- Lindenberg, S. (2001). Intrinsic motivation in a new light. Kyklos, 54(2-3), 317–342. https://doi.org/10.1111/1467-6435.00156
- Lioui, A., & Tarelli, A. (2022). Chasing the ESG factor. Journal of Banking & Finance, 139, 106498. https://doi.org/10.1016/j.jbankfin.2022.106498
- Lööf, H., Sahamkhadam, M., & Stephan, A. (2022). Is corporate social responsibility investing a free lunch? The relationship between ESG, tail risk, and upside potential of stocks before and during the COVID-19 crisis. Finance Research Letters, 46, 102499. https://doi.org/10.1016/j.frl.2021.102499
- Marsiglio, S., & Tolotti, M. (2020). Motivation crowding-out and green-paradox-like outcomes. Journal of Public Economic Theory, 22(5), 1559–1583. https://doi.org/10.1111/jpet.12444
- Moser, D. V., & Martin, P. R. (2012). A broader perspective on corporate social responsibility research in accounting. The Accounting Review, 87(3), 797–806. https://doi.org/10.2308/accr-10257
- Pedersen, L., Fitzgibbons, S., & Pomorski, L. (2021). Responsible investing: The ESG-efficient frontier. Journal of Financial Economics, 142(2), 572–597. https://doi.org/10.1016/j.jfineco.2020.11.001
- Pineau, E., Le, P., & Estran, R. (2022). Importance of ESG factors in sovereign credit ratings. Finance Research Letters, 49, 102966. https://doi.org/10.1016/j.frl.2022.102966
- Zhang, X., Zhao, X., & Qu, L. (2021). Do green policies catalyze green investment? Evidence from ESG investing developments in China. Economics Letters, 207, 110028. https://doi.org/10.1016/j.econlet.2021.110028