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Full-Text Articles in Economics

Medicare To Veterans Affairs Cost Shifting-A Challenging Conundrum, Kenneth W. Kizer, Said A. Ibrahim Dec 2024

Medicare To Veterans Affairs Cost Shifting-A Challenging Conundrum, Kenneth W. Kizer, Said A. Ibrahim

JeffMD Academic Affairs

No abstract provided.


Optimal Unilateral Carbon Policy, Samuel Kortum, David A. Weisbach Dec 2024

Optimal Unilateral Carbon Policy, Samuel Kortum, David A. Weisbach

Cowles Foundation Discussion Papers

Climate policy by a coalition of countries can shift activities—extraction, production, and consumption—to regions outside the coalition. We build a stylized general-equilibrium model of trade and carbon externalities to derive a coalition’s optimal Pareto-improving policy in such an environment. It can be implemented through: (i) a tax on fossil-fuel extraction at a rate equal to the global marginal harm from carbon emissions, (ii) a tax on imports of energy and goods, and a rebate of the tax on exports of energy but not goods, all at a lower rate per unit of carbon than the extraction tax rate, and (iii) …


If You Teach A Bot To Read: Using Machine Learning To Read The Paris Census, Jacob Leavitt Dec 2024

If You Teach A Bot To Read: Using Machine Learning To Read The Paris Census, Jacob Leavitt

FHSS Mentored Research Conference

Digitizing 20th-century French census records offers a valuable resource for understanding demographic shifts during significant historical events such as the Thirty Years Crisis and the Industrial Revolution. These records provide insights into the migration patterns of Jewish populations during WWII, revealing how the war impacted Jewish communities and broader population movements. Additionally, they help researchers analyze the transformation of Paris’s neighborhoods over time, examining development and decline. To digitize these records with deep learning models, researchers face the challenge of developing a dataset that allows machine reading of handwritten French census entries. Traditionally, this would require extensive manual labeling of …


Breaking The Yoke: A Systematic Unmasking Of Challenges To Sustainable Rural Development In South Sudan, Gai Chol Paul Dec 2024

Breaking The Yoke: A Systematic Unmasking Of Challenges To Sustainable Rural Development In South Sudan, Gai Chol Paul

Journal of Sustainable Social Impact

South Sudan, a young nation grappling with the legacy of protracted conflict, faces significant challenges in fostering sustainable rural development. While the immense potential of its vast agricultural lands remains largely untapped, the persistent triple threat of insecurity, deficient infrastructure, and the absence of robust government policy actively hinders progress. The ongoing armed conflict, characterized by inter-communal violence and sporadic attacks, casts a long shadow over rural areas in South Sudan. Thus, I developed this mixed-method multiple-case study, grounded in the sustainable livelihoods framework, to explore challenges that hinder sustainable rural development in South Sudan. I collected data through document …


The Best Places To Raise A Family In Texas: Developing The Hibbs Institute Family Index, Manuel Reyes-Loya, Cecilia Cuellar Dec 2024

The Best Places To Raise A Family In Texas: Developing The Hibbs Institute Family Index, Manuel Reyes-Loya, Cecilia Cuellar

Whitepapers and Technical Reports

This report presents the Hibbs Institute Family Index, which ranks Texas metropolitan areas based on how family-friendly they are. The index evaluates 25 metro areas using 18 indicators across five categories: health and safety, economic performance, education, amenities, and social environment. Data from census, labor, healthcare, and community sources are used to calculate overall scores. The results show that Tyler, Texas ranks as the best place to raise a family , performing especially well in healthcare and economic conditions. The study helps families and policymakers better understand which Texas communities offer strong environments for family life.


The Impact Of Technological Change On Achieving Sustainable Development: Panel Data Analysis On Emerging Countries (2004-2024), Mayar Walid Al, Ahmed Tarek Ta Dec 2024

The Impact Of Technological Change On Achieving Sustainable Development: Panel Data Analysis On Emerging Countries (2004-2024), Mayar Walid Al, Ahmed Tarek Ta

Future Journal of Social Science

This study examines the impact of technological change on sustainable development in five emerging economies—Egypt, China, Brazil, India, and Turkey—over the period from 2004 to 2024 (World Bank, 2020; ITU, 2022). It seeks to understand how advancements in information and communication technologies, renewable energy, and manufacturing processes shape economic, social, and environmental sustainability (Geels et al., 2017; UNEP, 2021). Using panel data analysis, the research quantifies the relationship between technological indicators, such as ICT penetration and renewable energy adoption, and sustainable development outcomes, including GDP growth, environmental health, and social inclusion (Sadorsky, 2010; Shahbaz et al., 2016).

The findings reveal …


Empowering Egyptian Women Through Social Media: A Comparative Analysis Of Economic Sustainability Campaigns By Banks On Facebook, Dr. Noura Eissa Dec 2024

Empowering Egyptian Women Through Social Media: A Comparative Analysis Of Economic Sustainability Campaigns By Banks On Facebook, Dr. Noura Eissa

Future Journal of Social Science

This comparative analytical study examines how Egyptian banks use Facebook to promote women’s economic empowerment by bridging between the disciples of economics, social media marketing, and gender studies. Media messages can substantially influence societal norms and perceptions of women's economic empowerment, leading them to open bank accounts and access services such as loans, credit cards, and online banking. The two banks under study are Banque Misr, a leading state-owned bank, and Commercial International Bank, which has international affiliations. The study employs a content analysis to evaluate Facebook messages published by these banks targeting women by exploring the appeals used, the …


Leveraging Green Strategies Within Blockchain Technology For Climate Justice And Displacement Management In Developing Countries: A Comparative Study Between Egypt And Germany (2010-2024), Alaa Owis Seddik Ms Dec 2024

Leveraging Green Strategies Within Blockchain Technology For Climate Justice And Displacement Management In Developing Countries: A Comparative Study Between Egypt And Germany (2010-2024), Alaa Owis Seddik Ms

Future Journal of Social Science

Climate change is a significant global issue of the 21st century, disproportionately affecting

developing countries despite their minimal contribution to greenhouse gas emissions. This

discrepancy has brought climate justice to the forefront as an important concept, emphasizing

equitable support and protection for vulnerable populations. Concurrently, blockchain

technology, combined with green strategies, offers potential solutions to enhance transparency,

efficiency, and accountability in various sectors, including climate justice and displacement

management. This research hypothesizes that the integration of blockchain technology with

green strategies can lead to enhanced climate justice, and more effective displacement

management, and provide a model for developing countries like …


Research Report: Housing, Heather Akin, Cheryl A. Burkhart-Kriesel, Mary Emery, Katelyn Larson, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Rebecca J. Vogt Dec 2024

Research Report: Housing, Heather Akin, Cheryl A. Burkhart-Kriesel, Mary Emery, Katelyn Larson, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Rebecca J. Vogt

Nebraska Rural Poll

Executive summary

Most rural Nebraskans support a variety of housing programs and priorities. The support for these various programs was similar to that found in 2016. At least three-quarters of rural Nebraskans would somewhat support or strongly support the following in their community: developing programs to help seniors age in their current home; offering low-interest loans or grants for repair, rehabilitation or home improvement; providing affordable rental housing; establishing a local program that would purchase and remove dilapidated houses making lots available for building; developing senior housing; purchasing, rehabilitating and reselling vacant housing; and establishing a local program that would …


Bank Competition Amid Digital Disruption: Implications For Financial Inclusion, Erica Xuewei Jiang, Yang Gloria Yu, Jinyuan Zhang Dec 2024

Bank Competition Amid Digital Disruption: Implications For Financial Inclusion, Erica Xuewei Jiang, Yang Gloria Yu, Jinyuan Zhang

Sim Kee Boon Institute for Financial Economics

We study how digital disruption impacts bank competition, considering consumers’ heterogeneous digital preferences. We find that the rollout of 3G networks contracts bank branch networks and leads to divergence in branching and pricing strategies across banks. These developments benefit young consumers but increase the unbanked rate for poorer and older consumers. A structural model shows that the higher perceived digital quality by younger borrowers mainly prompts these adjustments, causing significant surplus losses for older savers. Counterfactual exercises illustrate that subsidizing older savers opting for mobile banking effectively offsets these disparities at minimal cost, facilitating a smoother digital transition.


Conference Proceedings: Fourth Annual International Conference: Rethinking Economics In The Contemporary World, Shumaila Omar [Editor], Uzair Arif [Ed.], Tabeer E Zehra [Ed.], Sania Zehra [Ed.], Tooba Zaheer [Ed.] Dec 2024

Conference Proceedings: Fourth Annual International Conference: Rethinking Economics In The Contemporary World, Shumaila Omar [Editor], Uzair Arif [Ed.], Tabeer E Zehra [Ed.], Sania Zehra [Ed.], Tooba Zaheer [Ed.]

IBA Press

The 4th Annual International Conference on Rethinking Economics, organized by the Institute of Business Administration (IBA) Karachi, provided a dynamic platform for academics, practitioners, and policymakers to explore diverse themes shaping the global economic landscape. The conference highlighted critical issues such as digital transformation, urban infrastructure, environmental challenges, monetary and fiscal policy, and human development. This collection is an amalgamation of abstracts from the papers presented at the conference.


Perceived Problem, Partnership, And Training Effect On Productivity And Export: Evidence From Micro And Small Manufacturing Firms In Indonesia, Rifai Afin Dec 2024

Perceived Problem, Partnership, And Training Effect On Productivity And Export: Evidence From Micro And Small Manufacturing Firms In Indonesia, Rifai Afin

Economics and Finance in Indonesia

The primary objectives of this study are threefold: first, to investigate whether the challenges faced by micro and small industries motivate them to enter into partnerships; second, to assess the impact of partnerships on company productivity; and third, to explore the causal relationship between productivity and exports. We aim to determine whether productivity influences exports and vice versa or if a two-way relationship exists. The data used in this study consists of annual survey data from micro and small manufacturing companies, randomly collected by the Central Statistics Agency (BPS) in 2015, with a total sample of 58,290 observations. The methodologies …


Financial Inclusion In Indonesia: An Analysis Of Determinants Of Bank Account Ownership And Credit Access At Individual And Regional Levels, Rindi Ardika Melsalasa Sahputri, Sujarwoto Sujarwoto, Septiana Sihombing, Muhamad Galy Njoman Dec 2024

Financial Inclusion In Indonesia: An Analysis Of Determinants Of Bank Account Ownership And Credit Access At Individual And Regional Levels, Rindi Ardika Melsalasa Sahputri, Sujarwoto Sujarwoto, Septiana Sihombing, Muhamad Galy Njoman

Economics and Finance in Indonesia

Financial inclusion is widely recognized as a key driver of economic prosperity, yet many countries face considerable challenges in achieving it. This study empirically explores financial inclusion in Indonesia, focusing on bank account ownership and credit access, with the primary objective of identifying their determinants through a comparison of individual- and regional-level factors. Individual-level factors cover sociodemographic characteristics, poverty, and income inequality, while regional-level factors include regional economic development and financial infrastructure. Data were sourced from the National Socio-Economic Survey (SUSENAS) and the Village Potential Survey (PODES), consisting of 804,703 samples across 514 districts. A multilevel regression approach, using Generalized …


Spillover Effects And Political Yardstick Competition In Local Public Spending In Indonesia, Muhammad Reyhan Akbar, Bagdja Muljarijadi Dec 2024

Spillover Effects And Political Yardstick Competition In Local Public Spending In Indonesia, Muhammad Reyhan Akbar, Bagdja Muljarijadi

Economics and Finance in Indonesia

This study aims to test the presence of spillover effects and political yardstick competition in both mandatory and discretionary spending among local governments in Indonesia. A spatial econometrics model was employed to evaluate data from 410 districts/municipalities in Indonesia from 2010 to 2018. The findings confirm spillover effects in spending decisions among local governments. The empirical analysis also reveals that political factors drive horizontal interactions in mandatory spending, while such influences are absent in discretionary spending.


The Importance Of The Safety Net Program For Informal Workers’ Food Security Amid The Covid-19 Pandemic In Indonesia, Rodhiah Umaroh, Amirusholihin Amirusholihin, Yuliawati Yuliawati Dec 2024

The Importance Of The Safety Net Program For Informal Workers’ Food Security Amid The Covid-19 Pandemic In Indonesia, Rodhiah Umaroh, Amirusholihin Amirusholihin, Yuliawati Yuliawati

Economics and Finance in Indonesia

This study examines the effects of social safety-net programs on food security among vulnerable groups, focusing on households with informal workers. Utilizing data from the High-Frequency Monitoring of the COVID-19 Impacts 2020 (HiFy) and estimates with the Longitudinal Propensity Score Matching (LPSM) method, the findings reveal that cash and food assistance significantly reduce food insecurity among informal workers’ households. The households receiving these safety net programs experienced an 8–11% lower probability of food insecurity compared to non-recipients, as indicated by the Average Treatment Effect on the Treated (ATT) value. The study highlights the need for continued investment in inclusive and …


Research Report: Artificial Intelligence, Heather Akin, Cheryl A. Burkhart-Kriesel, Mary Emery, Katelyn Larson, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Rebecca J. Vogt Dec 2024

Research Report: Artificial Intelligence, Heather Akin, Cheryl A. Burkhart-Kriesel, Mary Emery, Katelyn Larson, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Rebecca J. Vogt

Nebraska Rural Poll

Some rural Nebraskans have used artificial intelligence (AI) tools. Just over one-quarter have used any AI tool. However, most younger persons have used AI tools.

Given that, it is not surprising that most rural Nebraskans are not at all or slightly informed about artificial intelligence. Just over one-third are moderately informed about AI, and just over one in ten are either very or extremely informed about AI.

Most rural Nebraskans are either not at all or slightly confident that AI is being used in the best interest of the public. Just over one-half are not at all confident that it …


An Economic Framework For Assessing The Impact Of Domestic Mining Policies On Affordable Energy Transition, Mahelet G. Fikru Dec 2024

An Economic Framework For Assessing The Impact Of Domestic Mining Policies On Affordable Energy Transition, Mahelet G. Fikru

Economics Faculty Research & Creative Works

The global transition towards sustainable energy sources necessitates a delicate balance between incentivizing domestic mineral inputs and ensuring affordable energy transition. This paper investigates a diverse set of policies aimed at promoting domestic mining and their implications for achieving an affordable energy transition. Through a comprehensive economic framework, we analyze the effects of demand and supply-side policies on import reliance, production costs, and the overall progress of the energy transition. By examining various scenarios and their outcomes, we provide insights into the potential challenges and opportunities associated with designing mineral policies that facilitate both domestic mining growth and affordable clean …


Public Perceptions Of Mineral Criticality And Preferences For Energy Transition Strategies In The United States, Mahelet G. Fikru, Sreeja Koppera Dec 2024

Public Perceptions Of Mineral Criticality And Preferences For Energy Transition Strategies In The United States, Mahelet G. Fikru, Sreeja Koppera

Economics Faculty Research & Creative Works

Critical minerals are essential for advancing the energy transition. However, the public's perception of these minerals and their application is still not well understood. Here, we investigate public awareness and perceptions of critical minerals in the United States, based on a nationally representative survey of 1200 online respondents. While only 38% of respondents stated familiarity with critical minerals, over 80% recognized the importance of minerals in the energy transition. Participants were most supportive of strategies focused on mineral research and improving the environmental impacts of mining, while domestic mining received less support. Regression analysis shows that individuals who perceive mineral …


Esg Ratings In The Mining Industry: Factors And Implications, Mahelet G. Fikru, Jennifer Brodmann, Lili Eng, J. Andrew Grant Dec 2024

Esg Ratings In The Mining Industry: Factors And Implications, Mahelet G. Fikru, Jennifer Brodmann, Lili Eng, J. Andrew Grant

Economics Faculty Research & Creative Works

While previous research explores the relationship between ESG ratings, firm size, and financial outcomes, there is a lack of comprehensive analysis comparing multiple ESG ratings within the mining industry. This gap is crucial given the increasing focus on ESG in mining operations and its potential impact on company performance. Based on proprietary financial and ESG ratings data from 200 mining companies, this study investigates the relationship between two different ESG ratings and firm characteristics. We compare ESG-rated firms with unrated firms in terms of firm size, and financial performance indicators, and explore country-level patterns in ESG ratings. Findings reveal that …


A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider Dec 2024

A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider

Working Papers

No abstract provided.


Estimating Medium-Term Regional Monthly Economic Activity Reductions During The Covid-19 Pandemic Using Nighttime Light Data, Ma Flordeliza P. Del Castillo, Toshio Fujimi, Hirokazu Tatano Dec 2024

Estimating Medium-Term Regional Monthly Economic Activity Reductions During The Covid-19 Pandemic Using Nighttime Light Data, Ma Flordeliza P. Del Castillo, Toshio Fujimi, Hirokazu Tatano

SOSE Affiliate: Manila Observatory

Economic impact estimates of the initial lockdowns due to the COVID-19 pandemic showed a significant reduction in economic activities globally. However, the succeeding impacts and their spatiotemporal distribution within countries remain unknown. Studies showed that nighttime light data (NTL) has effectively revealed the spatiotemporal dimensions of the economic effects of COVID-19. Thus, this study used NTL data to determine the medium-term regional monthly economic impacts of the pandemic in the Philippines in terms of the Economic Activity Reduction (EAR) index. We generated a spatial error model, regressing pre-pandemic NTL on mean temperature, maximum rainfall, and built-up area. This model explained …


Revealing The Dual Dynamics: Transient And Persistent Efficiencies Of The Indonesian Provincial Economies, Mohammad Zeqi Yasin, Fichrie Fachrowi Adli Dec 2024

Revealing The Dual Dynamics: Transient And Persistent Efficiencies Of The Indonesian Provincial Economies, Mohammad Zeqi Yasin, Fichrie Fachrowi Adli

Economics and Finance in Indonesia

We examine the decomposition of technical efficiency components into transient and persistent horizons applied to the 33 provincial economies in Indonesia. Focusing on the post-decentralization era in 2002–2022, we employ Stochastic Frontier Analysis to gauge efficiency dynamics for time-variant and time-invariant evolution. We reveal that the persistent inefficiencies outweigh transient ones, implying the persistent inefficient behavior of Indonesian provinces. We also capture that East Nusa Tenggara and several provinces in Eastern Indonesia show the most lagged-behind in terms of persistent inefficiency severity, suggesting necessity of structural changes through more strategic and specific development models beyond mere heterogeneous input reallocation.


Stakeholder Fairness And Corporate Social Impact: The Behavioral Economic Structure Of Corporate Law, Eli Bukspan Dec 2024

Stakeholder Fairness And Corporate Social Impact: The Behavioral Economic Structure Of Corporate Law, Eli Bukspan

Michigan Business & Entrepreneurial Law Review

This study aims to bridge the gap between stakeholder capitalism—manifesting today in the evolving corporate social impact paradigm—and the historical shareholder primacy of corporate law. The emerging view of corporate purpose, particularly stakeholder capitalism, is closely related to the notion of fairness. This article demonstrates—by looking mainly at Israeli corporate law—that certain foundational concepts of behavioral economics better describe and justify the recent prominence of stakeholderism and the rejuvenated discourse of corporate social impact and purpose than does neoclassical economic theory. It concludes that the “fairness principle” provides a strong rationale for assimilating stakeholder expectations into the DNA of modern …


Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey Dec 2024

Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey

All Theses

This thesis examines the effects of extreme market shocks on supply chain dynamics within the automotive industry. Through an analysis of demand data from an automotive manufacturer to its component suppliers (January 2018 to May 2024), the study investigates the relationship between market shocks and supply chain responses, providing insights into how auto components inventory management handles downstream responses to market shocks. With supporting public data—from FRED, BLS, and the U.S. Census Bureau resources—we explore two primary relationships: the impact of market shocks on the Average Standard Deviation of Demand (SDO) and the effect of demand variability on expedited pricing …


An Empire Of Anti-Democracy: The Imperial Legacies Of American Territorial Labor, Jedidiah J. Kroncke Dec 2024

An Empire Of Anti-Democracy: The Imperial Legacies Of American Territorial Labor, Jedidiah J. Kroncke

Washington Law Review

A great deal of recent attention has been given to acknowledging the full historical scope of American empire and its legal foundations. A recurrent focus of this attention has been the impact of the Insular Cases—a set of early twentieth century doctrines that legitimate American territorial acquisitions while denying their full incorporation under the United States Constitution. Issues of political citizenship and property have thus predominated critical work on the Insular Cases.

This Article expands on this resurgent interest by focusing on another critical element of this acknowledgment: the history of territorial labor which has long been central …


A Strategic Insight Into The Market For Carbon Management Capacity, Mahelet G. Fikru, Ting Shen, Jennifer Brodmann, Hongyan Ma Dec 2024

A Strategic Insight Into The Market For Carbon Management Capacity, Mahelet G. Fikru, Ting Shen, Jennifer Brodmann, Hongyan Ma

Economics Faculty Research & Creative Works

This study presents the market for carbon management capacity via carbon capture, utilization, and storage technologies, identifying demand and supply forces, as well as clarifying the potential impact of market and non-market-based shocks on technology developers versus adopters. The paper addresses a prevailing gap in market analysis, introducing a microeconomic framework and unique dataset to identify key players, market forces, and policy incentives shaping the carbon capture, utilization, and storage landscape. The analysis equips industry stakeholders, policymakers, and investors with valuable insights regarding (1) leaders in the design, development, and manufacture of carbon capture, utilization, and storage technologies (supply), (2) …


(Wp 2024-05) Emerging Engagement Between Philosophy And Philosophy Of Economics: Parfit, Simon, And Sen, John B. Davis Dec 2024

(Wp 2024-05) Emerging Engagement Between Philosophy And Philosophy Of Economics: Parfit, Simon, And Sen, John B. Davis

Economics Working Papers

This paper investigates philosophy’s engagement with one social science, economics, via the philosophy of economics. It first distinguishes mainstream philosophy of economics and heterodox/non-mainstream philosophy of economics, and then argues that the latter’s increasing recourse to analytical reasoning in philosophy to advance its critiques of mainstream economics points toward a new engagement between philosophy of economics and philosophy. To provide grounds for this argument, the paper discusses shared thinking of three key figures: philosophy’s Derek Parfit and from economics Herbert Simon and Amartya Sen. It argues their respective critiques of dominant ideas in their fields reflect a little discussed convergence …


2024 Update: The Economic Impact Of Artprize, Grand Valley State University, Christian Glupker Dec 2024

2024 Update: The Economic Impact Of Artprize, Grand Valley State University, Christian Glupker

Other Faculty Publications

ArtPrize is estimated to have generated or supported economic benefits for Kent County in the following ways:

  • The total economic impact of all primary visitor spending, ArtPrize operational spending, and artist spending is estimated between $71 and $77 million in economic output supporting between 547 and 600 jobs.
  • 795,555 total visitors, with 57% visiting from outside the local region.
  • 39% of local visitors and 74% of all nonlocal visitors stated that ArtPrize was their primary reason for visiting Grand Rapids.
  • All local visitors spent an average of 2.75 days at ArtPrize and all nonlocal visitors spent an average of 1.76 …


The Forgotten S.O.P., Kamille Stevens Dec 2024

The Forgotten S.O.P., Kamille Stevens

Capstone Projects and Master's Theses

The Institute for Innovation and Entrepreneurship Development (iiED) is dedicated to cultivating entrepreneurship and economic growth within the Monterey Bay. Its goal is to create a pipeline of entrepreneurs from the Monterey Bay region who remain local and are able to increase the number of businesses and high-paying jobs in the area. To reach this goal, iiED provides multiple opportunities to its participants and tailors those opportunities based on their feedback.

Recently, iiED’s management has begun to experience turnover as individuals retire or reduce their work hours. As a result, iiED has begun to depend on the specialized knowledge of …


Financial Risk In A Changing Climate, Mashuk S. Rahman Dec 2024

Financial Risk In A Changing Climate, Mashuk S. Rahman

LSU New Orleans Theses and Dissertations

Essay 1:

Given the missing-not-at-random (MNAR) nature of carbon emissions figures under the voluntary disclosure regulator environment, this research imputes synthetic emissions figures for both disclosing and non-disclosing publicly traded US firms, using an IV approach adapted for sample bias correction. The forward-observing implied cost of equity capital measure is consistently higher for carbon-intensive firms regardless of disclosure decision. This higher cost found in the large swath of high-emitting firms reduces the net present value of green transition investments, thus fueling existing research on the counterproductive natures of capital allocation in efforts to reduce corporate pollution. Contrary to emerging research, …