| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24063 |
| 来源ID | Working Paper 24063 |
| Environmental, Social, and Governance Criteria: Why Investors are Paying Attention | |
| Ravi Jagannathan; Ashwin Ravikumar; Marco Sammon | |
| 发表日期 | 2017-12-04 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We find that money managers could reduce portfolio risk by incorporating Environmental, Social, and Governance (ESG) criteria into their investment process. ESG-related issues can cause sudden regulatory changes and shifts in consumer tastes, resulting in large asset price swings which leave investors limited time to react. By incorporating ESG criteria in their investment strategy, money managers can tilt their holdings towards firms which are well prepared to deal with these changes, thereby managing exposure to these rare but potentially large risks. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Public Economics ; Taxation ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w24063 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581737 |
| 推荐引用方式 GB/T 7714 | Ravi Jagannathan,Ashwin Ravikumar,Marco Sammon. Environmental, Social, and Governance Criteria: Why Investors are Paying Attention. 2017. |
| 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 | ||
| w24063.pdf（376KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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