Auflistung Working Papers nach Schlagwort "esg"

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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 role of disclosure in green finance 

      Steuer, Sebastian; Tröger, Tobias (2021-08-23)
      We study the design features of disclosure regulations that seek to trigger the green transition of the global economy and ask whether such regulatory interventions are likely to bring about sufficient market discipline ...

    • 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 ...