ESG ratings and investment performance: evidence from tech-heavy mutual funds DOI
Amir Hasnaoui

Review of Accounting and Finance, Год журнала: 2024, Номер unknown

Опубликована: Окт. 17, 2024

Purpose This paper aims to the relationship between environmental, social and governance (ESG) ratings investment performance of mutual funds with significant exposure technology sector. It explore whether ESG-aligned deliver superior financial performance, particularly in terms risk-adjusted returns if these demonstrate better market timing abilities compared their lower-rated counterparts. Design/methodology/approach The analysis covers a 10-year period from January 2013 December 2022, focusing on Eurozone-based more than 40% assets under management (AUM) invested firms. sample includes 912 funds, categorized by ESG (AAA CCC), using MSCI as classification metric. evaluation uses measures such Sharpe ratio, Sortino ratio Jensen’s alpha, along an assessment capabilities based extended four-factor model. Findings results show that higher consistently outperform peers both absolute returns. These also exhibit abilities. not only provide favorable risk-return profile but enhance appeal responsible strategies, within volatile innovation-driven study reinforces notion factors contribute positively long-term value creation for investors. Practical implications findings are valuable investors policymakers aiming incorporate into especially sectors characterized rapid technological advancements. ESG-compliant highlights importance sustainable investing its potential align broader environmental goals. Originality/value adds growing body literature specifically tech-heavy Eurozone. offers new insights how at fund level, rather firm influence high-growth, high-risk

Язык: Английский

ESG Uncertainties and Valuation Implications: Evidence from the EU Banking Sector DOI

Jie Dou,

Nawazish Mirza, Muhammad Umar

и другие.

Research in International Business and Finance, Год журнала: 2025, Номер unknown, С. 102872 - 102872

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

0
The Role of Market Competition in Driving ESG Integration in the ASEAN Banking Sector: An Empirical Analysis DOI Open Access
Syarief Fauzie, Wahyu Ario Pratomo,

Sirojuzilam Hasyim

и другие.

IOP Conference Series Earth and Environmental Science, Год журнала: 2025, Номер 1452(1), С. 012043 - 012043

Опубликована: Фев. 1, 2025

Abstract The rising importance of sustainability and social responsibility has led to an increasing focus on Environmental, Social, Governance (ESG) management across industries, including banking. ESG integration is critical not only for risk regulatory compliance but also as a driver sustainable growth innovation. In the banking sector, effective implementation enhances stakeholder relationships strengthens competitiveness in global market prioritizing sustainability. This study investigates influence inter-bank competition performance among 24 banks listed ASEAN member countries between 2019 2022. Using scores components from London Stock Exchange Group (LSEG) data stream, analysis employs panel regression with random effects model. findings reveal that bank significantly improves environmental performance, evidenced by better resource efficiency, reduced emissions, However, governance dimensions are less significant, suggesting alone insufficient address all comprehensively. These results highlight potential drive improvements while emphasizing need additional strategies enhance performance.

Язык: Английский

Процитировано

0
ESG ratings and investment performance: evidence from tech-heavy mutual funds DOI
Amir Hasnaoui

Review of Accounting and Finance, Год журнала: 2024, Номер unknown

Опубликована: Окт. 17, 2024

Purpose This paper aims to the relationship between environmental, social and governance (ESG) ratings investment performance of mutual funds with significant exposure technology sector. It explore whether ESG-aligned deliver superior financial performance, particularly in terms risk-adjusted returns if these demonstrate better market timing abilities compared their lower-rated counterparts. Design/methodology/approach The analysis covers a 10-year period from January 2013 December 2022, focusing on Eurozone-based more than 40% assets under management (AUM) invested firms. sample includes 912 funds, categorized by ESG (AAA CCC), using MSCI as classification metric. evaluation uses measures such Sharpe ratio, Sortino ratio Jensen’s alpha, along an assessment capabilities based extended four-factor model. Findings results show that higher consistently outperform peers both absolute returns. These also exhibit abilities. not only provide favorable risk-return profile but enhance appeal responsible strategies, within volatile innovation-driven study reinforces notion factors contribute positively long-term value creation for investors. Practical implications findings are valuable investors policymakers aiming incorporate into especially sectors characterized rapid technological advancements. ESG-compliant highlights importance sustainable investing its potential align broader environmental goals. Originality/value adds growing body literature specifically tech-heavy Eurozone. offers new insights how at fund level, rather firm influence high-growth, high-risk

Язык: Английский

Процитировано

1