ESG performance and sustainability concerns exposure

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-06 DOI:10.1016/j.frl.2024.106434

Thanh Nam Vu

引用次数: 0

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.

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环境、社会和公司治理绩效与可持续发展问题

本文分析了 2010 年至 2023 年美国市场股票回报对新引入的可持续发展关注指数的敏感性，该指数基于 LSEG MarketPsych 的媒体指标。研究结果表明，较好的环境、社会和公司治理表现可降低股票对社会可持续发展问题的敏感性，但其影响主要来自公司治理而非环境或社会表现。这项研究强调了企业在环境、社会和治理标准中的良好治理和管理在促进股票回报稳定应对公众对可持续发展问题的关注变化方面的重要作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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