Cargando…
For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment
This paper analyzes the risk-return characteristics of socially responsible investing by employing a time-varying capital gain and Sharpe ratio analysis for various investment horizons. We employ the MSCI ESG (environmental, social and governance) leaders indices in ten markets encompassing Australi...
Autores principales: | , , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2023
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10150969/ https://www.ncbi.nlm.nih.gov/pubmed/37126520 http://dx.doi.org/10.1371/journal.pone.0285027 |
_version_ | 1785035445397094400 |
---|---|
author | Gubareva, Mariya Umar, Zaghum Sokolova, Tatiana Antonyuk, Valentina |
author_facet | Gubareva, Mariya Umar, Zaghum Sokolova, Tatiana Antonyuk, Valentina |
author_sort | Gubareva, Mariya |
collection | PubMed |
description | This paper analyzes the risk-return characteristics of socially responsible investing by employing a time-varying capital gain and Sharpe ratio analysis for various investment horizons. We employ the MSCI ESG (environmental, social and governance) leaders indices in ten markets encompassing Australia, Canada, Europe, Japan, UK, USA, China, India, Russia, and South Africa. Our sample ranges from 2007–2020. We document that ESG investments have very desirable return and hedging attributes for investors in these markets, and especially so in the USA and emerging markets. |
format | Online Article Text |
id | pubmed-10150969 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-101509692023-05-02 For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment Gubareva, Mariya Umar, Zaghum Sokolova, Tatiana Antonyuk, Valentina PLoS One Research Article This paper analyzes the risk-return characteristics of socially responsible investing by employing a time-varying capital gain and Sharpe ratio analysis for various investment horizons. We employ the MSCI ESG (environmental, social and governance) leaders indices in ten markets encompassing Australia, Canada, Europe, Japan, UK, USA, China, India, Russia, and South Africa. Our sample ranges from 2007–2020. We document that ESG investments have very desirable return and hedging attributes for investors in these markets, and especially so in the USA and emerging markets. Public Library of Science 2023-05-01 /pmc/articles/PMC10150969/ /pubmed/37126520 http://dx.doi.org/10.1371/journal.pone.0285027 Text en © 2023 Gubareva et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Gubareva, Mariya Umar, Zaghum Sokolova, Tatiana Antonyuk, Valentina For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title | For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title_full | For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title_fullStr | For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title_full_unstemmed | For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title_short | For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment |
title_sort | for whom does it pay to be a moral capitalist? sustainability of corporate financial performance of esg investment |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10150969/ https://www.ncbi.nlm.nih.gov/pubmed/37126520 http://dx.doi.org/10.1371/journal.pone.0285027 |
work_keys_str_mv | AT gubarevamariya forwhomdoesitpaytobeamoralcapitalistsustainabilityofcorporatefinancialperformanceofesginvestment AT umarzaghum forwhomdoesitpaytobeamoralcapitalistsustainabilityofcorporatefinancialperformanceofesginvestment AT sokolovatatiana forwhomdoesitpaytobeamoralcapitalistsustainabilityofcorporatefinancialperformanceofesginvestment AT antonyukvalentina forwhomdoesitpaytobeamoralcapitalistsustainabilityofcorporatefinancialperformanceofesginvestment |