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X-WR-CALNAME:Mathematical Finance
X-ORIGINAL-URL:https://www.math.ttu.edu/mathematicalfinance
X-WR-CALDESC:Events for Mathematical Finance
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DTSTART:20230312T080000
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DTSTART:20231105T070000
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DTSTART;TZID=America/Chicago:20230120T140000
DTEND;TZID=America/Chicago:20230120T150000
DTSTAMP:20260405T001155
CREATED:20230102T164825Z
LAST-MODIFIED:20230113T181024Z
UID:999-1674223200-1674226800@www.math.ttu.edu
SUMMARY:Does sustainability generate better financial performance? Review\, meta-analysis\, and propositions
DESCRIPTION:Speaker: Ulrich Atz\, Stern School of Business\, NYU \nAbstract: Sustainability in business and ESG (environmental\, social\, and governance) in finance have exploded in popularity among researchers and practitioners. We surveyed 1\,141 primary peer-reviewed papers and 27 meta-reviews (based on ∼1\,400 underlying studies) published between 2015 and 2020. Aggregate conclusions from a sample suggest that the financial performance of ESG investing has on average been indistinguishable from conventional investing (with one in three studies indicating superior performance) – in contrast with research in the wider management literature as well as industry reports. Until recently top finance journals did not publish climate change related studies\, yet these studies capture the frontier of corporate risk and ESG investment strategies. We developed three propositions: first\, ESG integration as a strategy seems to perform better than screening or divestment; second\, ESG investing provides asymmetric benefits\, especially during a social or economic crisis; and third\, decarbonization strategies can potentially capture a climate risk premium.
URL:https://www.math.ttu.edu/mathematicalfinance/event/does-sustainability-generate-better-financial-performance-review-meta-analysis-and-propositions/
LOCATION:via Zoom
CATEGORIES:Seminars,Spring 2023
ATTACH;FMTTYPE=image/jpeg:https://www.math.ttu.edu/mathematicalfinance/wp-content/uploads/2023/01/atz.jpg
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