Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "G59"

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    • The Power of ESG Ratings on Stock Markets 

      Latino, Carmelo; Pelizzon, Loriana; Rze?nik, Aleksandra (2021-03-10)
      This paper studies the impact of environmental, social, and governance (ESG) ratings on investors’ preferences and stock prices. We exploit a change in ESG rating methodology that non-linearly shifted ESG ratings for firms ...

    • The salience of ESG ratings for stock pricing: Evidence from (potentially) confused investors 

      Rzeźnik, Aleksandra; Hanley, Kathleen Weiss; Pelizzon, Loriana (2021-10-08)
      We exploit a modification to Sustainalytics' environmental, social, and governance (ESG) rating methodology, which is subsequently adopted by Morningstar, to study whether ESG ratings are salient for stock pricing. We show ...