How Long to Read Sustainability Performance, Litigation Provisions and Corporate Bond Spreads

How Long Does it Take to Read Sustainability Performance, Litigation Provisions and Corporate Bond Spreads?

It takes the average reader 1 hour and 2 minutes to read Sustainability Performance, Litigation Provisions and Corporate Bond Spreads by Philipp A. Sostmann

Assuming a reading speed of 250 words per minute. Learn more

Description

Master's Thesis from the year 2017 in the subject Economics - Finance, grade: 8.5, Maastricht University, language: English, abstract: This study investigates the relation between corporate sustainability performance, corporations' litigation provisions and the yield spread of company issued bonds. Results show a significant negative relation between companies' ESG scores and their bond yield spreads. Most of this effect is accounted to the environmental performance of the company. Furthermore, I find support for a paradigm shift in the perception of sustainability performance. Whereas the effect on the yield spread was positive in years before the financial crisis, this relation turned negative subsequently. Besides that, country and industry facilitate a moderating role in the relationship. A strong ESG performance appears to significantly reduce bond spreads in the Mining industry and in more developed countries. Analyzing the relationship between sustainability performance and litigation provisions, I find that the ESG performance tends to reduce corporations' litigations in the years after 2012. Next to that, the social score has a significant positive relationship with litigation provisions. A mediation and moderation analysis of litigation provisions in the context of sustainability performance and yield spreads did not provide any significant findings. Finally, I conduct an event study attempting to find evidence for a possible causal relationship between sustainability performance and the yield spread.

How long is Sustainability Performance, Litigation Provisions and Corporate Bond Spreads?

Sustainability Performance, Litigation Provisions and Corporate Bond Spreads by Philipp A. Sostmann is 62 pages long, and a total of 15,624 words.

This makes it 21% the length of the average book. It also has 19% more words than the average book.

How Long Does it Take to Read Sustainability Performance, Litigation Provisions and Corporate Bond Spreads Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Sustainability Performance, Litigation Provisions and Corporate Bond Spreads aloud.

What Reading Level is Sustainability Performance, Litigation Provisions and Corporate Bond Spreads?

Sustainability Performance, Litigation Provisions and Corporate Bond Spreads is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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Sustainability Performance, Litigation Provisions and Corporate Bond Spreads by Philipp A. Sostmann is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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