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The impact of sustainability efforts on companies' cost of debt: evidence from Europe and the US
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| 1.95 MB | Adobe PDF |
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Resumo(s)
Adopting sustainable practices and responsible resource use is a pressing challenge involving the
global economy, companies, and the financial sector. This study examines whether sustainability
affects corporate borrowing costs and the rationale for banks to apply stricter sustainability criteria.
Using multiple regressions, it analyzes ESG scores’ influence on borrowing costs in European
markets, compares them with the US market, and considers industry-specific and sectoral differ ences. Results show ESG scores generally reduce the cost of debt, though this effect strongly de pends on sector and region. Future research here could focus on regulatory influences and provide
deeper, sector-level insights into ESG-cost relationships.
Descrição
Palavras-chave
Cost of debt ESG-ratings ESG-pillars Industry & Sector Differences Cross country differences