Terrorist attacks tend to happen concomitantly, begetting widespread violence, perturb individual routine life, bring dire effect on the economy and ultimately cause volatility in stock prices. This research tries to assess the impact of substantial terrorist incidents that took place in the...

I investigate the relationship between ESG ratings and the cross-section of expected returns with a lens of systematic downside risk. Employing a novel and large data on ESG ratings for the US market, I find that ESG ratings are not associated with systematic downside risks. I find that a higher...