We follow a multivariate statistical approach to address whether stocks similar in terms of their ESG characteristics form a specific group similar in financial behavior. We employed the ESG ratings of seven major data providers and their artificial structural combination to determine the...

The Russian invasion of Ukraine on 24th February 2022 resulted in a steep increase in a geopolitical risk index and, with imposed economic and political sanctions, caused both commodity and financial markets turmoil. In this paper, we investigate whether Bitcoin and Ether (traditional...

Digital assets (DAs) are a unique asset class that presents investors with opportunities and risksthat are contingent upon their particular characteristics such as volatility, type, and profile, among other factors. Among DAs, cryptocurrencies (CCs) have emerged as the most liquid asset class,...

ESG assets, the center of today's investment interest, grew into one of the largest parts of the investment universe. Features of ESG stocks are presented distinctively from a financial and non-financial perspective. Thus, potential investors might perceive them as a new (sub-)asset class. For...