The Effects of Corporate and Country Sustainability Characteristics on The Cost of Debt: An International Investigation

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Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries (2019, background): “Some financial firms assume that ESG factors improve asset management in fixed income markets (Calvert, 2015; Hoepner et al., 2016).”
The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms (2017, methodology): “To do that, following previous literature, we included in our model the control variable Performance defined as Income before Extraordinary Items at time t divided for Sales at time t (Attig et al., 2013; Ge & Liu, 2015; Hoepner et al., 2016).”
ESG practices and the cost of debt: Evidence from EU countries (2019, background): “So , it is likely that ﬁrms with a higher rate of interest coverage to have a lower cost of debt (Francis et al., 2005; Gray et al., 2009; Hoepner et al., 2016; Erragragui, 2017).”
The influence of corporate social responsibility on investment efficiency and innovation (2019, unknown): “…improves the information environment and the quality of accounting information (e.g., Dhaliwal et al. 2011; Dhaliwal et al. 2012; Kim et al. 2012; Hoepner et al. 2016; Sun et al. 2017; LopezPuertas-Lamy et al. 2017; Benlemlih and Girerd-Potin 2017), thereby reducing information asymmetries…”