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
The Impact of COVID-19 Lockdowns on Sustainable Indexes
TL;DR: In this article, the response of sustainable indexes to the pandemic lockdown orders in Europe and the USA was analyzed, contributing to both the research on the effects of the global pandemic outbreak and the resiliency of sustainable investments under market distress.
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ESG Controversies and Their Impact on Performance
TL;DR: In this article, the authors introduced an aggregated controversy metric, derived from environmental, social, and governance (ESG) data, that targets specific issues companies face in the environmental, socially, or governance fields.
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Sustainable portfolio management under climate change
TL;DR: In this paper, the authors discuss the management of climate change risks for equity investments and present a scenario-based framework for building sustainable portfolios under the climate change scheme An em discusses the management risk for equity investment.
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Environmental, social, and governance practices and perceived tail risk
Michael Shafer,Edward Szado +1 more
TL;DR: In this paper, the implied volatility smirk on individual equity securities is used to measure perceived tail risk, and the authors find that better environmental, social and governance practices significantly reduce exante expectations of a left-tail event.
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Is ESG an Equity Factor or Just an Investment Guide
TL;DR: This paper showed that incorporating ESG information into a worldwide equity-market-neutral portfolio yields no additional return because any benefits from tilting toward a better-rated ESG portfolio is already wholly captured by other well-known equity factors.
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