Journal Article10.2139/SSRN.3715753
Perspectives in ESG equity investing
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TL;DR: In this article, the authors synthesize recent academic results and models on socially responsible investing (SRI) in equity markets and split their review into six thematic parts: data issues, investor preferences, link with financial performance, portfolio integration, climate change risk, and theoretical models.
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Abstract: The research on sustainable finance has intensified in the past decade. In this survey, we synthesize recent academic results and models on socially responsible investing (SRI) in equity markets. We split our review into six thematic parts: data issues, investor preferences, link with financial performance, portfolio integration, climate change risk, and theoretical models.
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References
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Urs von Arx,Andreas Ziegler +1 more
TL;DR: In this paper, the effect of corporate social responsibility on corporate financial performance was examined in two different regions, namely the USA and Europe, and disentangled firm and sector specific impacts.
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ESG integration: value, growth and momentum
TL;DR: In this paper, the authors provide finer-grained results on the financial effectiveness of ESG integration for mainstream active investment styles and provide evidence that US and European investors can raise their portfolio's ESG level and increase risk-adjusted performance at the same time.
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•Journal Article
ESG performance and disclosure: A cross country analysis
TL;DR: In this paper, the authors examine the link between ESG disclosure and quality through a cross-country comparison of disclosure requirements and stewardship codes and find that ESG is correlated with decreased risk.
69
Investor Sophistication and Capital Income Inequality
TL;DR: In this article, the authors study the growth of capital income inequality in a general equilibrium portfolio choice model with endogenous information acquisition and heterogeneity across household sophistication and asset riskiness, and show that the model implies a large portion of total income inequality that grows with aggregate information technology.
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