Edlefsen [3] has shown that a phenomenon of great similarity to the strong LeChatelier principle can be established when altering the feasible set of an optimizing agent by suitably replacing existing constraints rather than adding new ones. Here it was demonstrated that essentially the same...

This paper explores the extent to which the availability of more and better quality ESG information could impact asset prices, ushering the emergence of ‘sustainable financial markets’. The paper first reviews how the production of information contributes to the informativeness of prices on...