SRI, ESG and Value of Sustainability

Laura Pellegrini ()
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Laura Pellegrini: University of Bari, “Aldo Moro”

Chapter Chapter 4 in Climate Change Adaptation, Governance and New Issues of Value, 2022, pp 61-93 from Palgrave Macmillan

Abstract: Abstract The concept of acting in a responsible way in finance has taken different patterns through the years. Over the last decades, greater attention to the ESG issues and sustainability has been paid by mainstream investment institutions. Starting from Davis (Academy of Management Journal 16:312–322, 1973) and Friedman (The New York times Magazine 13:32–33, 1970), many rules of the game have changed. Although corporate finance has historically researched about the determinants of stock and bonds returns and modelling future yields, recently the corporate governance has focused on the impact of non-financial information on corporate financial performance. Therefore, this chapter examines the most relevant “new frontiers issues” of corporate governance and finance issues as CSR, ESG indexes and the value of sustainability, pointing out risks and opportunities faced by companies and allowing enhanced security selection and risk management.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-90115-8_4

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DOI: 10.1007/978-3-030-90115-8_4

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