Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "Q5"

Anzeige der Dokumente 1-3 von 3

    • Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change 

      Hambel, Christoph; Kraft, Holger; Schwartz, Eduardo S. (2018-09-24)
      This paper studies a dynamic stochastic general equilibrium model involving climate change. Our framework allows for feedback effects on the temperature dynamics. We are able to match estimates of future temperature ...

    • 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 ...