Work

Corporate Governance, ESG, and Stock Returns around the World

Year: 2018

Type: article

Abstract: Nonfinancial performance measures, such as environmental, social, and governance (ESG) measures, are potentially leading indicators of companies’ financial performance. In the study reported here, I drew on prior academic literature and the concept of ESG materiality to develop new corporate governance and ESG metrics. The new metrics predicted stock returns in a global investable universe over the tested period, which suggests potential investment value in the ESG signals.

Source: Financial Analysts Journal

DOI: 10.1080/0015198x.2019.1654299

Author: Mozaffar Khan

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2916618636

FWCI: 11.23

Cites: 35

Cited by: 326

Related to: 9