Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/191367 
Autor:innen: 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Working Paper No. 025.2018
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
This study investigates the growing importance of sustainability in equity markets by estimating whether company commitment to sustainability matters in corporate valuation. The spreading concern for social and environmental issues, and especially for the material risks of climate change, induces policy to encourage companies to prioritise sustainability in their decision making. There is growing evidence that points to a rationale for a profit-driven response to social and environmental problems, uncovering the role of sustainability in investors’ decisions. Exploring a panel of 3,311 listed companies in 58 countries for the period 2010-2016, this study reveals that sustainability contributes to the creation of market value for listed companies, over the considered period. Furthermore, it investigates how this relationship changes according to environmental policy stringency and sector sensitivity to climate policies.
Schlagwörter: 
Corporate Sustainability
Sustainable Investing
Climate-change
ESG Disclosures
JEL: 
Q16
Q54
Q56
G32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
765.13 kB





Publikationen in EconStor sind urheberrechtlich geschützt.