Purpose Over the past two decades, the topics of Environmental, Social and Corporate
Governance (ESG) and Corporate Social Responsibility (CSR) have attracted an increasing …

Exploiting the unique features of the CDP, the world-leading platform of corporate climate
risk disclosures, we study the relationship between institutional investors' demand for …

Investment funds that claim to focus on socially responsible stocks have proliferated in
recent times. In this paper, we verify whether ESG mutual funds actually invest in firms that …

Blanket exclusion of “brown” stocks is seen as the best way to reduce their negative
externalities by starving them of capital. We show that a more effective strategy may be tilting …

We investigate whether the environmental rating disagreement (ERD) would influence future
corporate greenwashing behavior. We find that ERD would increase the future probability of …

The United Nations Principles for Responsible Investment (PRI) is the largest global
environmental, social, and governance (ESG) initiative in the asset-management industry to …

We study whether institutional investors that sign the Principles for Responsible Investment
(PRI), a commitment to responsible investing, exhibit better portfolio-level environmental …

Using micro-level data, we examine the behavior of socially responsible investment (SRI)
funds. SRI funds select firms with lower pollution, more board diversity, higher employee …

Based on data from a sample of Chinese Shenzhen-listed companies from 2012 to 2020,
this paper studies the relationship between institutional investors' corporate site visits and …

This paper investigates how investment funds behave in line with European Union (EU)'s
Sustainable Finance Disclosure Regulation (SFDR). The SFDR requires investment funds to …