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Karim Henide

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Open access Sep 2026

Incredulous creditors: ESG momentum, credibility barriers, and state-contingent pricing in corporate bonds

This paper investigates the pricing of ESG momentum in corporate bond markets, identifying a credibility barrier that conditions whether sustainability improvements are rewarded by investors. Analysing a decade-long panel of 3,380 unique EUR-denominated bonds, we document that ESG momentum exhibits state-contingent eff...

Karim Henide · 0 citations

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