Kräussl, Roman; Oladiran, Tobi; Stefanova, Denitsa - 2023
Environmental, Social, Governance (ESG) considerations in investment decisions with the aim to generate superior performance and … also make a societal impact. Through the lens of equilibrium models of agents with heterogeneous tastes for ESG investments …, green assets are expected to generate lower returns in the long run than their non- ESG counterparts. However, at the short …