Edited by Sabri Boubaker, EM Normandie Business School, France, Douglas Cumming, Professor of Finance and Steven Shulman ’62 Endowed Chair for Business Leadership, Stevens Institute of Technology School of Business, US and Duc Khuong Nguyen, Professor of Finance, IPAG Business School, France

• Contents:Part I Sustainability, Financial Stability and Fraud1. Financial Regulation and Fraud in CO2 Markets Joseph R. Mason2. How to Better Detect Cases of Financial Reporting Fraud: Some New Findings from Earnings RestatementsFrançois Aubert, Jean-François Gajewski and Lamya Kermiche3. Fostering green investment decisions: the real option approach Jessica Fouilloux and Jean-Laurent Viviani4. Exchange Rate Instability: Relative Volatility, Risk and Adjustment SpeedMohamed Ariff and Alireza Zarei5. Financial Instability: Economic and Financial PerspectivesMichael Dempsey6. The Stability of Financial System: An Analysis of the Determinants of Russian Bank FailuresViktoryia Tankoyeva, Flavio Bazzana and Roberto Gabriele 7. Sovereign Wealth Funds and Macroeconomic Stability: Before and After their EstablishmentsKizito Uyi Ehigiamusoe and Hooi Hooi LeanPart II Sustainability and Financial Markets8. Financial Markets like Potter’s Hands? Rethinking Finance for Sustainability in a Civil Society Perspective Giulia Porino9. An Alternative Way to Think of Finance: The Case of Innovative, Sustainable Financial InstrumentsEleonora Broccardo and Maria Mazzuca10. The Market Premium of Sustainability in Health-Care Sector FirmsGang Nathan Dong11. Environmental Sustainability and Inter- and Intra- Industry Variation in Stock Returns: International EvidenceHarjap Bassan, Kartick Gupta and Ron P. McIver12. The Role of Financial Markets in Promoting Sustainability – A Review and Research FrameworkMohammed Amidu and Haruna Issahaku13. Financial Innovation with a Social Purpose: The Growth of Social Impact BondsFrédéric de Mariz and José Roberto Ferreira Savoia14. Asset Allocation and Green Bond MarketK. Thomas Liaw15. Demystifying Green BondsKathrin Berensmann, Florence Dafe and Nannette LindenbergPart III CSR and Socially Responsible Investment16. Models of Corporate Socially Responsible Banks: Financial Cooperatives, Islamic Banks, and Micro-Finance InstitutionsNarjess Boubakri and Jocelyn Grira17. CSR Implementation in French SMEs: An Adapted FrameworkKaren Delchet-Cochet and Linh-Chi Vo18. The Performance, Volatility, Downside Risk and Persistence of Socially Responsible Investments in Korea and the Impact of Korea Green New DealWei Rong Ang and Olaf Weber19. Are SRI Funds Conventional Funds in Disguise or Do They Live up to Their Name?Christin Nitsche and Michael Schröder20. Socio-psychological Motives of Socially Responsible InvestorsJulia M. PuaschunderIndex

Edited by Sabri Boubaker, EM Normandie Business School, France, Douglas Cumming, Professor of Finance and Steven Shulman ’62 Endowed Chair for Business Leadership, Stevens Institute of Technology School of Business, US and Duc Khuong Nguyen, Professor of Finance, IPAG Business School, France

• Contents:Part I Sustainability, Financial Stability and Fraud1. Financial Regulation and Fraud in CO2 Markets Joseph R. Mason2. How to Better Detect Cases of Financial Reporting Fraud: Some New Findings from Earnings RestatementsFrançois Aubert, Jean-François Gajewski and Lamya Kermiche3. Fostering green investment decisions: the real option approach Jessica Fouilloux and Jean-Laurent Viviani4. Exchange Rate Instability: Relative Volatility, Risk and Adjustment SpeedMohamed Ariff and Alireza Zarei5. Financial Instability: Economic and Financial PerspectivesMichael Dempsey6. The Stability of Financial System: An Analysis of the Determinants of Russian Bank FailuresViktoryia Tankoyeva, Flavio Bazzana and Roberto Gabriele 7. Sovereign Wealth Funds and Macroeconomic Stability: Before and After their EstablishmentsKizito Uyi Ehigiamusoe and Hooi Hooi LeanPart II Sustainability and Financial Markets8. Financial Markets like Potter’s Hands? Rethinking Finance for Sustainability in a Civil Society Perspective Giulia Porino9. An Alternative Way to Think of Finance: The Case of Innovative, Sustainable Financial InstrumentsEleonora Broccardo and Maria Mazzuca10. The Market Premium of Sustainability in Health-Care Sector FirmsGang Nathan Dong11. Environmental Sustainability and Inter- and Intra- Industry Variation in Stock Returns: International EvidenceHarjap Bassan, Kartick Gupta and Ron P. McIver12. The Role of Financial Markets in Promoting Sustainability – A Review and Research FrameworkMohammed Amidu and Haruna Issahaku13. Financial Innovation with a Social Purpose: The Growth of Social Impact BondsFrédéric de Mariz and José Roberto Ferreira Savoia14. Asset Allocation and Green Bond MarketK. Thomas Liaw15. Demystifying Green BondsKathrin Berensmann, Florence Dafe and Nannette LindenbergPart III CSR and Socially Responsible Investment16. Models of Corporate Socially Responsible Banks: Financial Cooperatives, Islamic Banks, and Micro-Finance InstitutionsNarjess Boubakri and Jocelyn Grira17. CSR Implementation in French SMEs: An Adapted FrameworkKaren Delchet-Cochet and Linh-Chi Vo18. The Performance, Volatility, Downside Risk and Persistence of Socially Responsible Investments in Korea and the Impact of Korea Green New DealWei Rong Ang and Olaf Weber19. Are SRI Funds Conventional Funds in Disguise or Do They Live up to Their Name?Christin Nitsche and Michael Schröder20. Socio-psychological Motives of Socially Responsible InvestorsJulia M. PuaschunderIndex

Edited by Sabri Boubaker, EM Normandie Business School, France, Douglas Cumming, Professor of Finance and Steven Shulman ’62 Endowed Chair for Business Leadership, Stevens Institute of Technology School of Business, US and Duc Khuong Nguyen, Professor of Finance, IPAG Business School, France

• Contents:Part I Sustainability, Financial Stability and Fraud1. Financial Regulation and Fraud in CO2 Markets Joseph R. Mason2. How to Better Detect Cases of Financial Reporting Fraud: Some New Findings from Earnings RestatementsFrançois Aubert, Jean-François Gajewski and Lamya Kermiche3. Fostering green investment decisions: the real option approach Jessica Fouilloux and Jean-Laurent Viviani4. Exchange Rate Instability: Relative Volatility, Risk and Adjustment SpeedMohamed Ariff and Alireza Zarei5. Financial Instability: Economic and Financial PerspectivesMichael Dempsey6. The Stability of Financial System: An Analysis of the Determinants of Russian Bank FailuresViktoryia Tankoyeva, Flavio Bazzana and Roberto Gabriele 7. Sovereign Wealth Funds and Macroeconomic Stability: Before and After their EstablishmentsKizito Uyi Ehigiamusoe and Hooi Hooi LeanPart II Sustainability and Financial Markets8. Financial Markets like Potter’s Hands? Rethinking Finance for Sustainability in a Civil Society Perspective Giulia Porino9. An Alternative Way to Think of Finance: The Case of Innovative, Sustainable Financial InstrumentsEleonora Broccardo and Maria Mazzuca10. The Market Premium of Sustainability in Health-Care Sector FirmsGang Nathan Dong11. Environmental Sustainability and Inter- and Intra- Industry Variation in Stock Returns: International EvidenceHarjap Bassan, Kartick Gupta and Ron P. McIver12. The Role of Financial Markets in Promoting Sustainability – A Review and Research FrameworkMohammed Amidu and Haruna Issahaku13. Financial Innovation with a Social Purpose: The Growth of Social Impact BondsFrédéric de Mariz and José Roberto Ferreira Savoia14. Asset Allocation and Green Bond MarketK. Thomas Liaw15. Demystifying Green BondsKathrin Berensmann, Florence Dafe and Nannette LindenbergPart III CSR and Socially Responsible Investment16. Models of Corporate Socially Responsible Banks: Financial Cooperatives, Islamic Banks, and Micro-Finance InstitutionsNarjess Boubakri and Jocelyn Grira17. CSR Implementation in French SMEs: An Adapted FrameworkKaren Delchet-Cochet and Linh-Chi Vo18. The Performance, Volatility, Downside Risk and Persistence of Socially Responsible Investments in Korea and the Impact of Korea Green New DealWei Rong Ang and Olaf Weber19. Are SRI Funds Conventional Funds in Disguise or Do They Live up to Their Name?Christin Nitsche and Michael Schröder20. Socio-psychological Motives of Socially Responsible InvestorsJulia M. PuaschunderIndex