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

This survey examines the vibrant academic literature on environmental, social, and
governance (ESG) investing. While there is no consensus on the exact list of ESG issues …

In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …

ABSTRACT This Special Issue includes several articles on a variety of issues related to
sustainable development, ESG investing and the role of Artificial Intelligence in helping …

We analyze survey data on ESG beliefs and preferences in a large panel of retail investors
linked to administrative data on their investment portfolios. The survey elicits investors' …

We assess how investors' willingness-to-pay (WTP) for sustainable investments responds to
the social impact of those investments, using a framed field experiment. While investors …

We study the relative effectiveness of exit (divestment and boycott) and voice (engagement)
strategies in a world where companies generate externalities and some agents care about …

We show that investors derive nonpecuniary utility from investing in dual-objective Venture
Capital (VC) funds, thus sacrificing returns. Impact funds earn 4.7 percentage points (ppts) …

This paper develops a unified framework to synthesize the growing stream of positive
research on the role of individual decision makers in shaping observed accounting …

We study how environmental, social and governance (ESG) investing reshapes information
aggregation by prices. We develop a rational expectations equilibrium model in which …