全球智库信息集成服务系统(G2TT): Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal
	Fabio Moliterni
发表日期	2018
出处	Society and Sustainability
出版年	2018
语种	英语
摘要	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. *** Suggested citation: Moliterni, F. (2018), 'Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal', Nota di Lavoro 25.2018, Milano, Italy: Fondazione Eni Enrico Mattei
特色分类	O16;Q54;Q56;G32
关键词	Corporate Sustainability Sustainable Investing Climate-change ESG Disclosures
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/do-global-financial-markets-capitalise-sustainability-evidence-of-a-quick-reversal/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118598
推荐引用方式 GB/T 7714	Fabio Moliterni. Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal. 2018.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
cover-front42.jpg（82KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
ndl2018-025.pdf（761KB）	智库出版物		限制开放	CC BY-NC-SA	浏览