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The impact of religious announcements on stock prices and investment decisions on the Saudi stock exchange

Alshammari, Turki Rashed; Ory, Jean-Noël - In: Borsa Istanbul Review 23 (2023) 5, pp. 1013-1025

Although many papers have examined the Saudi stock market, to date none have explored the influence of religiosity on the behavior of stock prices, taking into account the dominance of individual investors. These characteristics distinguish the Saudi stock market from other mature and immature...

Persistent link: https://www.econbiz.de/10014383518

How ESG Information Determines Emotional Returns of Socially Responsible Investments : Evidence from an Experimental Decision Case

Mervelskemper, Laura - 2018

This paper is the first to experimentally address the influence of the level of non-financial information provided for a socially responsible investment on the related non-financial, emotional return of non-professional investors and thus on their investment decision.Based on an experimental...

Persistent link: https://www.econbiz.de/10012929355

ESG Challenges in the Construction of UK Balanced Portfolios for Private Investors : An Analysis of the Availability and Performance of ESG Funds Across Various Asset Classes

Schmidt, Jacob H; McCann, Charlie - 2022

Environmental, Social and Governance (ESG) and sustainability investing have become very popular with institutional …, family office and more recently, retail investors. In the UK the range of ESG and sustainable funds for retail and high net …-adjusted performance of ESG funds for UK retail investors. Based on secondary data from the Financial Express (FE) Analytics database the …

Persistent link: https://www.econbiz.de/10013307414

Spillovers between green and dirty cryptocurrencies and socially responsible investments around the war in Ukraine

Patel, Ritesh Jayantibhai; Kumar, Sanjeev; Bouri, Elie; … - In: International review of economics & finance : IREF 87 (2023), pp. 143-162

Persistent link: https://www.econbiz.de/10014471815

Institutional Investors, Corporate Social Responsibility, and Stock Price Performance

Motta, Elizabeth - 2017

In 2006, the United Nations Global Compact launched Principles for Responsible Investment (PRI), and the Japanese Ministry of Environment advocated financial mechanisms for environmental protection. We find that institutional ownership in 2005 is positively related to the probability of...

Persistent link: https://www.econbiz.de/10012964223

Investor Tastes, Corporate Behavior and Stock Returns : An Analysis of Corporate Social Responsibility

Hwang, Chuan-Yang - 2015

We classify institutions into socially responsible institutions (SRI) and non-socially-responsible institutions (NSRI) based on the value weighted Corporate Social Responsibility (CSR) scores of their portfolio holdings. Controlling for CSR scores, stocks that experience an increase in NSRI...

Persistent link: https://www.econbiz.de/10013028949

Investor sentiment, corporate social responsibility, and financial performance : evidence from Japanese companies

Bao Ngoc Vuong - In: Borsa Istanbul Review 22 (2022) 5, pp. 911-924

assets (ROA). The impact of CSP, measured by environmental, social, and governance (ESG) scores, on FP is similar to that of … market sentiment. Specifically, we find that an effective ESG performance in the prior year, both the overall performance and …

Persistent link: https://www.econbiz.de/10013426708

Can sustainable investment yield better financial returns : a comparative study of ESG indices and MSCI indices

Jain, Mansi; Sharma, Gagan Deep; Srivastava, Mrinalini - In: Risks : open access journal 7 (2019) 1/15, pp. 1-18

index—TRESGDX, emerging markets ESG index—TRESGEX, US large-cap ESG index—TRESGUS, Europe ESG index—TRESGEU, and those of …, social, and governance (ESG). It is an investment strategy that seeks to combine social and/ or environmental benefits with … the financial returns of the Thomson Reuters/S-Network global indices, namely the developed markets (excluding US) ESG …

Persistent link: https://www.econbiz.de/10012016034

The salience of ESG ratings for stock pricing : evidence from (potentially) confused investors

Rzeźnik, Aleksandra; Hanley, Kathleen Weiss; Pelizzon, … - 2021

We exploit a modification to Sustainalytics' environmental, social, and governance (ESG) rating methodology, which is … subsequently adopted by Morningstar, to study whether ESG ratings are salient for stock pricing. We show that the inversion of the … ESG ratings. They buy (sell) stocks they misconceive as ESG upgraded (downgraded) even when the opposite is true. This …

Persistent link: https://www.econbiz.de/10012643898

Do investors' reactions to environmentally friendly news announcements differ across industries? : a comparative analysis of Japan's food and automotive industries

Murashima, Miho - In: Journal of business economics and management 23 (2022) 6, pp. 1315-1333

Recently, investors' growing awareness of environmental concerns has prompted many businesses to implement green policies and procedures. Investors' reactions to firms' environmental efforts vary across different industries. However, few empirical studies have addressed these differences,...

Persistent link: https://www.econbiz.de/10013500966