ESG Integration: Value, Growth and Momentum

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Referenz

Kaiser, L. (2017). ESG Integration: Value, Growth and Momentum. University of Liechtenstein.

Publikationsart

Arbeitspapier

Abstract

This study provides finer-grained results about the financial effectiveness of ESG integration when combined with mainstream active investment styles. Specifically, we demonstrate that U.S. and European value, growth and momentum investors can raise their portfolio's sustainability performance without sacrificing financial performance. By constructing size and industry-adjusted sustainability ratings and paying particular attention to characteristic differences of corporate governance aspects, we provide the basis for a successful ESG integration and contribute to the evidence on ESG materiality from a risk perspective. Findings add to the growing demand for sustainable products in the traditional investment industry and overcome the notion of sustainability being a burden to classical investment practices.

Forschung

Evidence on the link between value and sustainable investing
FFF-Förderprojekt, September 2016 bis August 2018 (abgeschlossen)

Das Forschungsprojekt siedelt sich im Bereich der Fundamentalanalyse an und zielt darauf ab einen Bezug zwischen klassischen Kennzahlen der Unternehmensbewertung und Nachhaltigkeitsfaktoren ... mehr

Mitarbeiter

Einrichtungen

  • Institut für Finanzdienstleistungen
  • Lehrstuhl für Betriebswirtschaftslehre, Bank- und Finanzmanagement

DOI

http://dx.doi.org/https://dx.doi.org/10.2139/ssrn.2993843