In a seminal paper, Dechow, Sloan and Soliman (2004) develop a price-implied measure for equity duration and for its estimation they employ parsimonious but relatively crude procedures. Hence, these authors claim that improvements in procedures should lead to more accurate and useful estimates...

The debate over how firm environmental, social and governance (ESG) affects shareholder wealth has been receiving increasing interest in recent years, especially in periods of crisis such as the market crash triggered by COVID-19 pandemic. Some researchers have analysed whether ESG scores...