We follow a multivariate statistical approach to address whether stocks similar in terms of their ESG characteristics form a specific group similar in financial behavior. We employed the ESG ratings of seven major data providers and their artificial structural combination to determine the...

ESG assets, the center of today's investment interest, grew into one of the largest parts of the investment universe. Features of ESG stocks are presented distinctively from a financial and non-financial perspective. Thus, potential investors might perceive them as a new (sub-)asset class. For...