Name: The Performance of ESG Integration Strategies. Development of an ESG Integration Methodology for EU Equity Portfolios (en Inglés)
Price: 510.32 PEN
Availability: InStock
Author: Neuhofer, Thomas
ISBN: 9783346506757

portada The Performance of ESG Integration Strategies. Development of an ESG Integration Methodology for EU Equity Portfolios (en Inglés)

Formato

Libro Físico

Autor

Thomas Neuhofer

Editorial

Grin Verlag

Idioma

Inglés

N° páginas

278

Encuadernación

Tapa Blanda

Dimensiones

21.0 x 14.8 x 1.6 cm

Peso

0.37 kg.

ISBN13

9783346506757

Categorías

Gestión empresarial

The Performance of ESG Integration Strategies. Development of an ESG Integration Methodology for EU Equity Portfolios (en Inglés)

Thomas Neuhofer (Autor) · Grin Verlag · Tapa Blanda

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S/ 510,32

S/ 1.020,64

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "The Performance of ESG Integration Strategies. Development of an ESG Integration Methodology for EU Equity Portfolios (en Inglés)"

Master's Thesis from the year 2021 in the subject Business economics - Investment and Finance, grade: 1.0, University of Applied Sciences Nuremberg, language: English, abstract: This thesis seeks to develop a practical SRI strategy for quantitatively integrating financially material ESG factors into E.U. equity portfolios. Specifically, it investigates if portfolios constructed from companies that invest heavily in their material sustainability factors achieve positive alphas. In this context, financially material information on sustainability factors means data whose concealment or misrepresentation may influence the investment decision. The thesis also examines whether positive alphas are achieved with portfolios of companies with low investments in their material sustainability factors. In addition, the study investigated how the level of corporate investments in immaterial and overall sustainability factors influence the risk-adjusted portfolio return. Furthermore, a robustness check of the results was based on the data from two sub-periods and one sub-sample. This study connects Refinitiv ESG and financial data with the Sustainable Accounting Standards Board's (SASB) ESG financial materiality classification for portfolio construction. The study analyzes European risk-factor and market data from the Kenneth R. French Data Library. To assess the portfolios' performance for 2004-2019 the Fama-French 3-factor, Carhart 4-factor, and Fama-French 5-factor models are used. In total, 48 ESG integrated portfolios were constructed and analyzed. Investors in the European Union stock market are increasingly pressured by clients and regulators to consider corporate sustainability factors when making investment decisions. Several studies have shown that sustainable and responsible investment (SRI) strategies offer a solution to this challenge. With SRI, investors can include companies' sustainability factors via environmental, social, and governance (ESG) information in th