Governmental and scientific news and insights on investor oriented environmental, social, and governance (ESG) data.

Corporate Environmental Policy and Shareholder Value

This paper examines the effect of corporate environmental policy on institutional holdings, analyst coverage, and shareholder value. We find a sharp asymmetry between corporate policies that affect the firm’s exposure to environmental risk (“toxicity”) and its perceived environmental friendliness (“greenness”). We find a non-monotonic variation in ownership across the environmental performance spectrum. Both green and [...]

By |2016-11-16T14:50:27+00:00November 16th, 2016|Environmental, Firm Value, Governance, Indicators, Investors, Risk|0 Comments

Why Sin Stocks Have Abnormal Returns?

An Experimental Investigation on the Effect of Corporate Social Responsibility on Investor's Investment Behaviour and Firm's Choice of Production Methods In classical finance theory, social preference is assumed to play no role in investor’s portfolio choice, as the optimal portfolio is formed by considering return and risk of the stocks. While it has been known [...]

By |2016-11-24T12:14:08+00:00June 23rd, 2016|CSR, Financial, Firm Value, Investors, Risk|0 Comments