Does traditional debt financing hurt the environment?: evidence from toxic releases
The sources of financing for a firm can influence its environmental ethics. This study shows that traditional debt financing is associated with more pollution. Specifically, after issuing debt, firms tend to increase not only their total pollution level but also their pollution intensity. The debt-p...
| VerfasserInnen: | ; ; |
|---|---|
| Medienart: | Elektronisch Aufsatz |
| Sprache: | Englisch |
| Verfügbarkeit prüfen: | HBZ Gateway |
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Veröffentlicht: |
2025
|
| In: |
Journal of business ethics
Jahr: 2025, Band: 200, Heft: 4, Seiten: 957-985 |
| weitere Schlagwörter: | B
Corporate Finance
B Debt financing B Pollution B Toxic releases B Aufsatz in Zeitschrift B corporate ethics |
| Online-Zugang: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1937105830 | ||
| 003 | DE-627 | ||
| 005 | 20251105111231.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 250926s2025 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-024-05907-5 |2 doi | |
| 035 | |a (DE-627)1937105830 | ||
| 035 | |a (DE-599)KXP1937105830 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Lyu, Xiaoyi |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Does traditional debt financing hurt the environment? |b evidence from toxic releases |c Xiaoyi Lyu, Chenyu Shan, Dragon Yongjun Tang |
| 264 | 1 | |c 2025 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a The sources of financing for a firm can influence its environmental ethics. This study shows that traditional debt financing is associated with more pollution. Specifically, after issuing debt, firms tend to increase not only their total pollution level but also their pollution intensity. The debt-pollution link cannot be fully explained by the production effect. This effect is more pronounced when the firm borrows for short-term purposes, has managerial short-termism, or has more risk-taking behavior. The environmental awareness of the public can weaken the debt effect. Our findings support the notion that traditional debt financing can exacerbate short-termism in firm operations, leading to a sacrifice of long-term investments that may yield future benefits. Our study suggests that green financing, such as green bonds or green loans, could help improve corporate ethical behavior. | ||
| 601 | |a Environment | ||
| 650 | 4 | |a corporate ethics | |
| 650 | 4 | |a Corporate Finance | |
| 650 | 4 | |a Debt financing | |
| 650 | 4 | |a Pollution | |
| 650 | 4 | |a Toxic releases | |
| 655 | 4 | |0 (DE-206)49 |a Aufsatz in Zeitschrift |5 DE-206 | |
| 700 | 1 | |e VerfasserIn |0 (DE-588)120887862X |0 (DE-627)1695836456 |4 aut |a Shan, Chenyu | |
| 700 | 1 | |e VerfasserIn |0 (DE-588)141384808 |0 (DE-627)626808219 |0 (DE-576)323615236 |4 aut |a Tang, Dragon Yongjun | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 200(2025), 4 vom: Sept., Seite 957-985 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnas |
| 773 | 1 | 8 | |g volume:200 |g year:2025 |g number:4 |g month:09 |g pages:957-985 |
| 856 | 4 | 0 | |u https://link.springer.com/content/pdf/10.1007/s10551-024-05907-5.pdf |q application/pdf |x Verlag |z lizenzpflichtig |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-024-05907-5 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 477647543X | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1937105830 | ||
| LOK | |0 005 20250926101948 | ||
| LOK | |0 008 250926||||||||||||||||ger||||||| | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 935 |a ixzs |a ixzo | ||
| ORI | |a TA-MARC-ixtheoa001.raw | ||
