..., autocorrelation, multicollinearity and endogenity problems. Originality/value This study makes a distinctive contribution to the sustainable finance and accounting literature by investigating the effect of corporate carbon emissions on the cost of debt across a broad and diverse panel of European companies...

... the long-run volatilities of sustainable markets except Nordic. Originality/value The current study presents, for the first time in the sustainable finance literature, an empirical analysis of herding and risk aversion in sustainable investment returns over time. Our findings offer valuable insights...