Does sustainability generate better financial performance? review, meta-analysis, and propositions

U Atz, T Van Holt, ZZ Liu, CC Bruno - Journal of Sustainable …, 2023 - Taylor & Francis
Sustainability in business and ESG (environmental, social, and governance) in finance have
exploded in popularity among researchers and practitioners. We surveyed 1,141 primary …

Corporate social responsibility: A review of empirical research using Thomson Reuters Asset4 data

C de Villiers, J Jia, Z Li - Accounting & Finance, 2022 - Wiley Online Library
Abstract Thomson Reuters Asset4 (Asset4) is a leading corporate social responsibility (CSR)
database often used by practitioners and researchers. This review offers a precise …

Environmental, social, and governance ratings and financial performance: Evidence from the European food industry

H Sandberg, A Alnoor, V Tiberius - Business Strategy and the …, 2023 - Wiley Online Library
Long‐term value creation is expected not only to be concerned with maximizing shareholder
value but also includes the impact on other stakeholders and the environment …

ESG and firm performance: The role of size and media channels

E Bissoondoyal-Bheenick, R Brooks, HX Do - Economic Modelling, 2023 - Elsevier
Focusing on the environmental, social, and governance (ESG) factors is important as it
affects the firm's capability to raise capital and attract investors, and hence, firm performance …

When ESG meets AAA: The effect of ESG rating changes on stock returns

S Shanaev, B Ghimire - Finance Research Letters, 2022 - Elsevier
This study is the first to employ calendar-time portfolio methodology to investigate the impact
of 748 ESG rating changes on stock returns of US firms over 2016–2021. While ESG rating …

Stakeholders' perspectives on critical success factors for environmental social and governance (ESG) implementation

MS Khamisu, RA Paluri, V Sonwaney - Journal of Environmental …, 2024 - Elsevier
Abstract Environmental Social and Governance (ESG) has emerged as a sensitive issue,
attracting the attention of a large audience that could not be ignored. Government bodies …

Sustainable development and financial system: Integrating ESG risks through sustainable investment strategies in a climate change context

M Folqué, E Escrig‐Olmedo… - Sustainable …, 2021 - Wiley Online Library
Sustainable Investment funds are one of the most appropriate ways for the financial system
to contribute to sustainable development. However, the effective contribution of Sustainable …

[HTML][HTML] A factor approach to the performance of ESG leaders and laggards

H Naffa, M Fain - Finance Research Letters, 2022 - Elsevier
We introduce a factor approach to performance measurement of global ESG equity
investments. We construct ESG pure factor portfolios (PFP) following Fama-MacBeth; then …

Environmental, social, and governance (ESG) investing and commodities: Dynamic connectedness and risk management strategies

ECC Cagli, PE Mandaci, D Taşkın - … Accounting, Management and …, 2023 - emerald.com
Purpose The purpose of this study is to examine the dynamic connectedness and volatility
spillovers between commodities and corporations exhibiting the best environmental, social …

The EU sustainable finance agenda: Developing governance for double materiality in sustainability metrics

IHY Chiu - European Business Organization Law Review, 2022 - Springer
This article argues that the regulatory steers in the recent EU Sustainable Disclosure and
Taxonomy Regulations rely heavily on the outworking of market-based governance to meet …