Speaker: Prof. Lin Shen, Department of Finance, INSEAD, Fontainebleau, Fr. Abstract: We study how environmental, social and governance (ESG) investing reshapes in-formation aggregation by prices. We develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG risks but have different preferences over them. Because of the preference […]

Speaker: Ulrich Atz, Stern School of Business, NYU Abstract: 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 […]

Speaker: Prof. Laura T Starks, G. Kozmetsky Distinguished University Chair and Professor of Finance; University of Texas at Austin Abstract: TBA

Speaker: Prof. Jean-Charles Garibal, Grenoble School of Management Abstract: We study the formation of ESG scores and rankings. In particular, we investigate the impact of aggregation rules when combining information on firms across categories, notably the E, S and G categories, into single ESG scores. Usual aggregation rules may bias scores toward the most dispersed […]