Purpose Over the past two decades, the topics of Environmental, Social and Corporate
Governance (ESG) and Corporate Social Responsibility (CSR) have attracted an increasing …

This survey examines the vibrant academic literature on environmental, social, and
governance (ESG) investing. While there is no consensus on the exact list of ESG issues …

The COVID-19 pandemic and the subsequent lockdown brought about an exogenous and
unparalleled stock market crash. The crisis thus provides a unique opportunity to test …

Using a wide sample of international publicly traded firms, this paper studies the rapidly
increasing practice of incorporating Environmental, Social, and Governance (ESG) metrics …

We provide large‐sample evidence on whether US publicly traded corporations use
voluntary disclosures about their commitments to employee diversity opportunistically. We …

Exploiting the unique features of the CDP, the world-leading platform of corporate climate
risk disclosures, we study the relationship between institutional investors' demand for …

The energy transition away from fossil fuels exposes companies to carbon‐transition risk.
Estimating the market‐based premium associated with carbon‐transition risk in a cross …

Investment funds that claim to focus on socially responsible stocks have proliferated in
recent times. In this paper, we verify whether ESG mutual funds actually invest in firms that …

An influential emerging literature documents strong correlations between carbon emissions
and stock returns. We re-examine those data and conclude that these associations are …

Using environmental, social, and governance (ESG) ratings from seven different data
providers for a sample of firms in the S&P 500 Index between 2010 and 2017, we studied …