We find that money managers could reduce portfolio risk by incorporating Environmental, Social, and Governance (ESG) criteria into their investment process. ESG-related issues can cause sudden regulatory changes and shifts in consumer tastes, resulting in large asset price swings which leave...

We find that money managers could reduce portfolio risk by incorporating Environmental, Social, and Governance (ESG) criteria into their investment process. ESG-related issues can cause sudden regulatory changes and shifts in consumer tastes, resulting in large asset price swings which leave...

Forestry decentralization and devolution reforms involve the transfer of rights, resources and responsibilities related to the governance of forest resources. One of the consequences of these reforms is a reconfiguration of the patterns of interactions between multiple governance actors, which...