Work

ESG performance and sustainability concerns exposure

Year: 2024

Type: article

Abstract: This paper analyzes stock returns' sensitivity to the newly introduced sustainability concerns index based on media indicators from LSEG MarketPsych for the US market from 2010 to 2023. While the results demonstrate that better ESG performance mitigates equities' sensitivity to sustainability concerns in society, the effects are mainly driven by firms' governance rather than environmental or social performance. This study underscores the vital role of good governance and management among ESG criteria for firms in promoting the stability of stock returns to changes in public concerns regarding sustainability issues.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106434

Author: Thanh Nam Vu

Institution: University of Jyväskylä

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,350

OpenAlex ID: W4404095496

FWCI: 3.757

Cites: 31

Cited by: 11

Related to: 10