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The futility of measuring relative performance of ESG portfolios if ESG investing improves the market performance
If an economy is affected by the level of ESG investing, then the case for ESG investing is not only based solely on ESG portfolio outperformance,...
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ESG index performance: European evidence
ESG investing and its financial performance is nowadays a hot topic luring the attention of all economic agents. All developed financial markets...
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ESG risk and returns implied by demand-based asset pricing models
We investigate how changes in demand for Environment, Social and Governance (ESG) characteristics affect stock prices. We consider three scenarios:...
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Deconstructing ESG scores: investing at the category score level
Environmental, social, and governance (ESG) scores are a key tool for asset managers in designing and implementing ESG investment strategies. They,...
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Ownership of ESG characteristics
A portfolio can be viewed as the collection of the businesses, policies and practices of constituent companies. We measure investors’ Ownership of...
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ESG Disagreement and Stock Price Crash Risk: Evidence from China
The ESG ratings have been focused in response to the requirements for green development. However, the uncertainty created by ESG disagreements has...
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Investigating the effect of ESG on retail banks’ customer equity
Environmental, social and governance (ESG) has recently been gaining attention as an important consideration for corporate management strategies...
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Do ESG fund managers pump and dump the stocks in their portfolios? European evidence
We investigate portfolio pum** around quarter-ends by ESG equity mutual funds domiciled in the largest European markets in sustainable investments,...
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Eco-innovation and corporate waste management: The moderating role of ESG performance
Based on a sample of companies from G7 countries, we investigate the effect of eco-innovation on waste management as well as the moderating role of...
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Creating shareholder value through ESG engagement
Improving ESG can boost investment returns. The reason is simple: better ESG means healthier firms. Healthier firms trade at higher prices. Hence,...
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ESG criteria and the credit risk of corporate bond portfolios
Demand for sustainable fixed-income investment solutions is surging but there is hardly research on the impact of sustainability on the risk...
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Cross-dispersion bias-adjusted ESG rankings
We study the formation of ESG scores and rankings. In particular, we investigate the impact of aggregation rules when combining information on firms...
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Environmental Taxation and ESG: Silent Partners
Environmental, social and governance (ESG) perspectives have rapidly gathered speed and global reach over the past several years. Although often...
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ESG in der Unternehmensbewertung
ESG ist inzwischen zu einem omnipräsenten Faktor für Gesellschaft, Unternehmen und Finanzmarkt geworden. Investoren richten ihre Strategien immer...
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The impact of ESG risks on corporate value
The following research has analyzed the linkage between ESG sustainability scores to the firm’s valuations. We provide evidence that the total ESG...
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ESG and Credit Risk
In recent years, the incorporation of environmental, social and governance (ESG) factors into credit risk assessments has received attention from...
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ESG Innovation in the Financial Industry
This chapter analyses the integration of Environmental, Social, and Governance (ESG) factors in the financial sector. It highlights the link between...
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Unraveling the relationship between betas and ESG scores through the Random Forests methodology
This research employs the Random Forests methodology to identify the relationship between the betas and 13 variables of financial and non-financial...
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Smart beta ESG disclosure
This research aims to examine several approaches, most commonly used by portfolio managers, to construct smart beta indices integrating...
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The ESG ETFs in the UK
This study examines the performance of 49 so-called ESG ETFs in the UK. These funds apply environmental, social and governance criteria in their...