Taking Tobin’s “Q” Theory as the proxy for firm value, a significantly positive relation between corporate sustainability and its market value is found. Moreover there is evidence to support that being sustainable causes a firm to increase its value.
Indeed, today mortgage spreads are a lot closer to their mean for 2000-2007  6  The types of collateral eligible under TALF are: the highest investment-grade-rated tranches of ABS issued on or after January 1, 2009, for which the underlying credit exposures are auto loans, student loans, credit card loans, equipment loans, floor plan loans, insurance-premium finance loans, small business loans fully guaranteed as to principal and interest by the U.S. Small Business Administration, and receivables related to residential mortgage servicing advances or commercial mortgage loans; the highest investment-grade-rated tranches of CMBS issued on or after January 1, 2009; and certain high-quality CMBS issued before January 1, 2009.