In this paper, we investigate the impact of ESG scores on stock returns and examinethe channels, if any, through which ESG information is transmitted. The literature onthe ESG transmission mechanism has essentially identified two channels (the ”investordemand channel” and the ”fundamentals or profitability channel”), but these channelsare empirical...
Det ökade fokuset på hållbarhet har gjort miljö-, social- och styrningsfaktorer (ESG) till kritiska faktorer när man fattar investeringsbeslut. Denna studie beskriver och analyserar sambandet mellan ESG-screening och finansiella prestandan hos portföljer inom STOXX Europe 600-indexet mellan 2019 och 2023. Studien tillämpar en kvantitativ ram för at...
peer reviewed / We propose to measure investor climate sentiment by performing sentiment analysis on StockTwits posts on climate change and global warming. In financial markets, stocks of emission (carbon-intensive) firms underperform clean (low-emission) stocks when investor climate sentiment is more positive. We document investors overreaction to...
This thesis investigates the current sustainable investment strategy of Swedish institutional investors that are not covered by the EU Taxonomy and how the Taxonomy will affect their work with sustainable investments. As a basis, 7 semi-structured interviews have been conducted. The respondent group consists of three institutional asset owners and ...
Utifrån den tidigare forskningen har det varit skiljaktigheter angående hur hållbara investeringar presterar i förhållande till avkastning och risk jämfört med konventionella investeringar. Samtidigt har intresset för hållbara investeringarna ökat vilket medför att det finns ett intresse att analysera hur hållbara investeringar förhåller sig inom a...
This thesis investigates the relationship between the total expense ratio and the 5-year performance to last month for sustainable mutual funds registered in Sweden and the United States. The increasing amount of mutual funds and the shift towards sustainability in the society gives cause to study the relationship between the total expense ratio an...
I och med ökad takt av klimatförändringar, global fattigdom och stigande havsnivåer har intresset och vikten av att investera hållbart ökat markant den senaste tiden, både för de stora och små investerarna. Den snabba tillväxten av hållbara investeringar har lett till problem som falsk marknadsföring, greenwashing, olika typer av miljö- och ESG-het...
Large institutional actors in the financial arena are moving their capital in a sustainable direction. This implies a change of the institutional norms and rules regarding sustainable investing. One of the problematic aspects of sustainable investing is how investors use different strategies to influence their holdings and what implications this ch...
To limit the effects of climate change and keep the global mean temperature increase of below 1.5 °C in the year 2100, the financial markets need to shift investments into low-carbon business and technologies. By integrating sustainability assessments into traditional investment analysis, sustainable investing is in this case a concept that can be ...
10.1016/j.jclepro.2018.08.142 / Journal of Cleaner Production / 202 / 642-648
