Public companies are always environmentally irresponsible

They were legally prohibited from doing so

They wanted to preserve the company’s values and protect the environment

They believed the company wouldn’t be profitable under new ownership

A government-run corporation focused on community development

A business that is legally required to donate 1% of its profits to environmental causes

A type of corporation listed on the stock exchange with sustainability goals

A company certified for meeting high standards of social and environmental performance, accountability, and transparency

The market where companies sell shares to the public for the first time through IPOs

A financial market where firms issue bonds to control their capital structure

The regulatory framework that controls corporate governance in publicly traded companies

The process through which underperforming firms become targets for takeovers or acquisitions by more efficient management teams

Frequency

Opportunism

Uncertainty

Asset specificity

Transaction costs