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ESG shareholder engagement and downside risk

Hoepner, Andreas G. F.; Oikonomou, Ioannis; Sautner, … - 2023

Persistent link: https://www.econbiz.de/10014480332

Shareholder engagement in an ESG-CAPM with incomplete markets : much ado about nothing?

Hara, Chiaki; Hens, Thorsten - 2025

Persistent link: https://www.econbiz.de/10015396471

The impact of climate engagement : a field experiment

Heeb, Florian; Kölbel, Julian - 2024

Persistent link: https://www.econbiz.de/10014484610

Sustainable investing in imperfect markets

Hens, Thorsten; Trutwin, Ester - 2023

Persistent link: https://www.econbiz.de/10014482868

What Is the impact of mutual funds' ESG references on portfolio firms?

Couvert, Maxime - 2021

staggered changes in funds' voting policies, I show that investee companies adopt their mutual fund shareholders' preferred … governance provisions. This adoption is the result of mutual fund shareholders' active voting. Announced voting policies also … stimulate strategic proposal submissions by non-mutual fund shareholders …

Persistent link: https://www.econbiz.de/10012593699

The importance of climate risks for institutional investors

Krüger, Philipp; Sautner, Zacharias; Starks, Laura T. - 2018

, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some …

Persistent link: https://www.econbiz.de/10011900336

ESG investing : from sin stocks to smart beta

Alessandrini, Fabio; Jondeau, Eric - 2019

Research on socially responsible investment in equity markets initially focused on sin stocks. Since then, the availability of data has been extended substantially and now covers environmental, social, and governance (ESG) criteria. Using ESG scores of firms belonging to the MSCI World universe,...

Persistent link: https://www.econbiz.de/10012003160

The sustainability footprint of institutional investors

Gibson, Rajna; Krüger, Philipp - 2017 - This version: 17 February 2017

We propose a novel way of measuring the equity portfolio-level environmental and social characteristics of a 13F institution (the “sustainability footprint”) and examine the relation between sustainability footprints and risk-adjusted investment performance. The analysis shows that 13F...

Persistent link: https://www.econbiz.de/10011626640

ESG Rating Disagreement and Stock Returns

Gibson, Rajna; Krüger, Philipp; Riand, Nadine; … - 2019 - This version: December 2019

Using a sample of S&P 500 firms between 2013 and 2017, we study the impact of ESG rating disagreement on stock returns. We conjecture that for disagreement about environmental ratings, a risk-based explanation induces a positive relationship between rating disagreement and stock returns. In...

Persistent link: https://www.econbiz.de/10012177189

Unlocking ESG premium from options

Cao, Jie Jay; Goyal, Amit; Zhan, Xintong; Zhang, … - 2021

We find that option expensiveness, as measured by delta-hedged option returns, is higher for low-ESG stocks, indicating that investors pay a premium in the option market to hedge ESG-related uncertainty. We estimate this ESG premium to be about 0.3% per month. All three components of ESG...

Persistent link: https://www.econbiz.de/10012593635