Inclusion of ESG Factors in Investments and Value Addition: A Meta-Analysis of the Relationship

Ria Sinha (), Manipadma Datta () and Magdalena Ziolo ()
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Ria Sinha: TERI School of Advanced Studies
Manipadma Datta: TERI School of Advanced Studies
Magdalena Ziolo: University of Szczecin

Chapter Chapter 7 in Effective Investments on Capital Markets, 2019, pp 93-109 from Springer

Abstract: Abstract The research explores the impact of ESG factors on investments by conducting a global study considering 100 academic papers dealing with the interlinkage between ESG factors and financial performance. The papers are selected using Cochrane methodology across different geographical domains over a time period of 1990–2015 and analyzed using a meta-analytic approach. The idea was not only to assess the relationship between sustainability and financial performance but also to decipher the impact of different control variables on the relationship. The results emphasize the positive impact of ESG factors on financial performance.

Keywords: Sustainability; ESG; Responsible investment; Finance (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-21274-2_7

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DOI: 10.1007/978-3-030-21274-2_7

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