The SMEs Financial Benefits of Going Green: Environmental Performance, Default Risk and Cost of Capital
Published online on September 03, 2025
Abstract
Global Business Review, Ahead of Print.
This article examines the effects of environmental performance on the default probability and the cost of capital of Italian small and medium-sized enterprises (SMEs). The empirical analysis is based on a data set of 16,567 Italian SMEs over the period ...
This article examines the effects of environmental performance on the default probability and the cost of capital of Italian small and medium-sized enterprises (SMEs). The empirical analysis is based on a data set of 16,567 Italian SMEs over the period ...