Expertblog
Recent studies on ESG issues
Research on investment with ESG factors continues to develop. This blog offers a number of links to recent working papers from publicly available websites:
- The Cost of Being Good (Anderson and Myers, 2007), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=954703
The study examines the returns and risk-adjusted returns to investing in socially responsible investment portfolios using twenty social screens from KLD.
- How Well Do Social Ratings Actually Measure Corporate Social Responsibility? (Chatterji, Levine and Toffel, 2007), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=993094
This study assesses how well the most widely used ratings - those of Kinder, Lydenberg, Domini Research & Analytics (KLD) - provide transparency about past and likely future environmental performance.
- The Corporate Sustainability Discount Puzzle (Lee and Fff, 2006), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=921501
This paper compares the stock returns associated with global leaders in CSR with those of laggards.