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We propose a novel way of measuring the equity portfolio-level environmental and social characteristics of a 13F institution (the “sustainability footprint”) and examine the relation between sustainability footprints and risk-adjusted investment performance. The analysis shows that 13F...
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We explore a novel survey on responsible investing by institutional investors around the world and match it to archival … exhibit better environmental, social, and governance (ESG) portfolio-level scores ("footprints") but this is not the case for … US-domiciled institutions. In fact, US investors that committed but only partially implement ESG strategies (e …
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evangelists. Our results suggest that socially responsible fund providers with a stronger impact orientation, such as ESG … impact orientation, such as ESG hermits, focus more on purity aspects and therefore tend to utilize strategies that defend …The concept of investor impact of socially responsible investments is relatively new. Our article expands knowledge in …
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