In a sample of 7,209 environmental, social, and governance (ESG) incidents involving 63 incident countries and more than 6,000 firms, we show that abnormal event returns are negative (-0.6%) on average but less so when incidents occur abroad rather than at home. This domestic-foreign return gap...

Less than 100 firms worldwide are recognised by Bloomberg to report accurate greenhouse gas emissions. Yet, tens of thousands of people are talking and tweeting about climate change every day. How can this attention be converted into accurate action? We propose that sustainable data science...

This paper explores if environmental social and governance (ESG) expertise matter for fixed income investments. This investigation is conducted by manually collecting fund and firm characteristics directly from the fund management companies and analysing the performance of a global sample of 108...

We contribute to the research policy literature by pioneering the development of a sufficiently reliable and generically applicable benchmarking approach for research area output quantity and/or quality. In our development, we overcome substantial structural problems such as the ignorance of...

We examine whether engagement on environmental, social and governance (ESG) issues can benefit shareholders by reducing firms' downside risk, measured using the lower partial moment and value at risk. Using a proprietary database, we provide evidence supporting this hypothesis. We further find...

Using five years of internal proprietary data collected directly from United Nations supported Principles for Responsible Investment (PRI) signatories, we examine the attributes of the stakeholder relationship between the PRI and investment organizations. The analysis is carried out in the...

This chapter will examine the literature on active ownership and the influence that large shareholder groups can exert on companies to achieve better ESG performance. It will ask: How do large shareholders exert influence? What strategies do they adopt? Are these strategies effective? The...

pt. 1, 1. Introduction to The Routledge handbook of responsible investment / Tessa Hebb. [et al.] ; 2. Setting the scene : the basics and basis of responsible investment / James P. Hawley ; 3. Is responsible investment proportionally under-researched? / Andreas G.F. Hoepner, David G. McMillan...