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For whom does it pay to be a moral capitalist? Sustainability of corporate financial performance of ESG investment.

Authors :
Mariya Gubareva
Zaghum Umar
Tatiana Sokolova
Valentina Antonyuk
Source :
PLoS ONE, Vol 18, Iss 5, p e0285027 (2023)
Publication Year :
2023
Publisher :
Public Library of Science (PLoS), 2023.

Abstract

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.

Subjects

Subjects :
Medicine
Science

Details

Language :
English
ISSN :
19326203
Volume :
18
Issue :
5
Database :
Directory of Open Access Journals
Journal :
PLoS ONE
Publication Type :
Academic Journal
Accession number :
edsdoj.5cfc0d1ab034290a538e18baf4912ed
Document Type :
article
Full Text :
https://doi.org/10.1371/journal.pone.0285027