Firms and social responsibility: A review of ESG and CSR research in corporate finance
We review the financial economics-based research on Environmental, Social, and
Governance (ESG) and Corporate Social Responsibility (CSR) with an emphasis on …
Governance (ESG) and Corporate Social Responsibility (CSR) with an emphasis on …
Presidential Address: Sustainable Finance and ESG Issues—Value versus Values
LT Starks - The Journal of Finance, 2023 - Wiley Online Library
In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …
considering sustainable finance—value versus values motivations—and how these …
How does ESG disclosure improve stock liquidity for enterprises—empirical evidence from China
C Meng-tao, Y Da-peng, Z Wei-qi, W Qi-jun - … Impact Assessment Review, 2023 - Elsevier
This research explores the impact of environmental, social, and governance (ESG)
performance on capital market performance in terms of stock liquidity. We establish that …
performance on capital market performance in terms of stock liquidity. We establish that …
Sustainable finance: ESG/CSR, firm value, and investment returns
We review the burgeoning sustainable finance literature, emphasizing the value implications
of ESG (environmental, social, and governance) and CSR (corporate social responsibility) …
of ESG (environmental, social, and governance) and CSR (corporate social responsibility) …
ESG preference, institutional trading, and stock return patterns
Socially responsible (SR) institutions tend to focus more on the environmental, social, and
governance (ESG) performance and less on quantitative signals of value. Consistent with …
governance (ESG) performance and less on quantitative signals of value. Consistent with …
Panic selling when disaster strikes: Evidence in the bond and stock markets
TD Huynh, Y Xia - Management Science, 2023 - pubsonline.informs.org
This study uses disaggregated establishment-level data to identify a firm's exposure to
physical climate risk and examines investors' reaction to natural disasters in both the US …
physical climate risk and examines investors' reaction to natural disasters in both the US …
Green tilts
We estimate nancial institutions' portfolio tilts that relate to stocks' environmental, social, and
governance (ESG) characteristics. In 2021, ESG-related tilts total 6% of the investment …
governance (ESG) characteristics. In 2021, ESG-related tilts total 6% of the investment …
Impact of executive pay gap on environmental, social, and governance disclosure in China: Is there a strategic choice?
D Zhang, L Pan, L Liu, H Zeng - … Social Responsibility and …, 2023 - Wiley Online Library
This study investigates the mechanisms through which the executive pay gap affects the
disclosure of environmental, social, and governance (ESG) information. Utilizing panel data …
disclosure of environmental, social, and governance (ESG) information. Utilizing panel data …
[HTML][HTML] Sustainable finance literacy and the determinants of sustainable investing
In this paper, we survey a large sample of Swiss households to measure sustainable finance
literacy, which we define as the knowledge and skill of identifying and assessing financial …
literacy, which we define as the knowledge and skill of identifying and assessing financial …
Investor rewards to climate responsibility: Stock-price responses to the opposite shocks of the 2016 and 2020 US elections
Donald Trump's 2016 election and his nomination of climate skeptic Scott Pruitt to head the
Environmental Protection Agency drastically downshifted expectations about US policy …
Environmental Protection Agency drastically downshifted expectations about US policy …