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ESG investment performance and global attention to sustainability
16 references·0 citing·33 second hopsampled
ESG investment performance and global attention to sustainability (2024)ESG investment performance and global att…Dissecting green returns (2022)Dissecting green returnsAggregate Confusion: The Divergence of ESG Ratings (2022)Aggregate Confusion: The Dive…Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Firms and social responsibili…Sustainable investing in equilibrium (2020)Sustainable investing in equi…Responsible Investing: The ESG-Efficient Frontier (2019)Responsible Investing: The ES…Do Investors Care about Carbon Risk? (2019)Do Investors Care about Carbo…Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Social Capital, Trust, and Fi…ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)ESG and financial performance…Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach (2015)Does Corporate Social Respons…… and the Cross-Section of Expected Returns (2015)… and the Cross-Section of Ex…The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)The Impact of Corporate Susta…Environmental Externalities and Cost of Capital (2014)Environmental Externalities a…Corporate goodness and shareholder wealth (2014)Corporate goodness and shareh…Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Does the stock market fully v…The price of sin: The effects of social norms on markets (2009)The price of sin: The effects…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)A theory of human motivation. (1943)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)A power primer. (1992)On Persistence in Mutual Fund Performance (1997)G*Power 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences (2007)Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack (2019)The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review (2019)Social Capital in the Creation of Human Capital (1988)The Cross-Section of Expected Stock Returns (1992)Bowling alone (2000)Do institutional investors drive corporate social responsibility? International evidence (2018)Corporate Governance and Equity Prices (2003)Liquidity Risk and Expected Stock Returns (2003)Sustainable investing with ESG rating uncertainty (2021)Firm‐Level Climate Change Exposure (2023)Dynamic capabilities and strategic management (1997)The Social Responsibility of Business Is to Increase Its Profits (2007)Corporate Sustainability: First Evidence on Materiality (2016)Corporate green bonds (2021)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)The Importance of Climate Risks for Institutional Investors (2019)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Corporate ESG Profiles and Banking Relationships (2021)Environmental, Social, and Governance (ESG) disclosure: A literature review (2022)ESG disclosure and financial performance: Moderating role of ESG investors (2022)Intraclass correlations: Uses in assessing rater reliability. (1979)Content Analysis: An Introduction to Its Methodology (2019)Climate Risks and Financial Stability (2020)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2015ESG and financial performance: aggregated evidence from more than 2000 empirical studies4,715 cited
  • 2014The Impact of Corporate Sustainability on Organizational Processes and Performance4,060 cited
  • 2017Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis3,754 cited
  • 2022Aggregate Confusion: The Divergence of ESG Ratings3,411 cited
  • 2019Do Investors Care about Carbon Risk?3,361 cited
  • 2021Firms and social responsibility: A review of ESG and CSR research in corporate finance2,874 cited
  • 2009The price of sin: The effects of social norms on markets2,600 cited
  • 2011Does the stock market fully value intangibles? Employee satisfaction and equity prices2,504 cited
  • 2020Sustainable investing in equilibrium2,229 cited
  • 2015… and the Cross-Section of Expected Returns2,112 cited
  • 2019Responsible Investing: The ESG-Efficient Frontier2,100 cited
  • 2015Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach1,941 cited
  • 2014Corporate goodness and shareholder wealth1,897 cited
  • 2014Environmental Externalities and Cost of Capital

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  • 2022Dissecting green returns1,129 cited
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