{"id":5217,"date":"2019-03-07T08:48:38","date_gmt":"2019-03-07T01:48:38","guid":{"rendered":"http:\/\/se.dotv.vn\/?p=5217"},"modified":"2019-04-08T08:50:32","modified_gmt":"2019-04-08T01:50:32","slug":"stbi-07-03-2019-the-impact-of-esg-on-stocks-downside-risk-and-risk-adjusted-return-2","status":"publish","type":"post","link":"https:\/\/se.dotv.vn\/en\/stbi-07-03-2019-the-impact-of-esg-on-stocks-downside-risk-and-risk-adjusted-return-2\/","title":{"rendered":"[STBI-14-03-2019] The Impact of ESG on Stocks\u2019 Downside Risk and Risk Adjusted Return"},"content":{"rendered":"
Dear professors, lecturers, researchers, colleagues, and students,<\/p>\n
You are cordially invited to the next Dubai Palace School of Economics\u00a0STBI\u00a0(Small Talks Big Ideas) seminar.<\/p>\n
Topic:\u00a0The Impact of ESG on Stocks\u2019 Downside Risk and Risk Adjusted Return.<\/strong><\/p>\n Presenter:\u00a0Prof. Hans L\u00f6\u00f6f<\/strong>\u00a0(KTH Royal Institute of Technology, Sweden)<\/p>\n Time:\u00a011:00 – Thursday, 14 March 2019<\/p>\n Venue: Room H.001, Campus H, Dubai Palace School of Economics, 1A Hoang Dieu, Phu Nhuan District, Ho Chi Minh City<\/p>\n Language:<\/strong> English<\/p>\n Abstract:\u00a0<\/strong><\/p>\n Investments considering corporate social responsibility continue to expand. Are companies pursuing a CSR agenda benefiting shareholders by reducing their financial downside risk? This paper investigates the relationship between a firm\u2019s environmental, social and corporate governance (ESG) scores and its downside risk on the stock market. We study this link using a panel of 887 stocks listed in five European countries over the period 2005-2017. Our empirical results show that higher ESG scores are associated with reduced downside risk of stock returns. Based on the Fama-French three-factor model, we found no systematic relationship between ESG and the level of risk-adjusted return.<\/p>\n