Zarafat, Hashem; Liebhardt, Sascha; Eratalay, Mustafa Hakan - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-32
behavior. We found evidence that the impact of ESG ratings was negative before COVID-19, but positive afterwards. For some … sectors, higher ESG ratings are linked to higher asymmetry. Finally, we found that during COVID-19, the asymmetry behavior …