We use the Russian invasion of Ukraine as a revelation of the usefulness of ESG ratings to assess corporate socially responsible behaviors abroad. Using data on Stoxx 600 firms’ Russian exposure, pre-invasion Russia-related disclosures, and ESG scores, our findings are threefold. First, we...

Separating overvalued from just highly-valued stocks is a major objective of investment analysis, since, as Jensen (2004) stated, “overvalued stocks will, by definition, collapse.” Highly-valued stocks, in contrast, can persist in their elevated valuation. We claim in this study that the...