The objective of the study is to analysis portfolio returns and the performance of asset pricing models in the context of macroeconomic variables. Portfolios have been constructed on the basis of firms' size; two equally weighted decile portfolios and two value weighed decile portfolios...

I investigate the relationship between ESG ratings and the cross-section of expected returns with a lens of systematic downside risk. Employing a novel and large data on ESG ratings for the US market, I find that ESG ratings are not associated with systematic downside risks. I find that a higher...

Purpose Artificial intelligence (AI) offers many benefits to improve predictive marketing practice. It raises ethical concerns regarding customer prioritization, market share concentration and consumer manipulation. This paper explores these ethical concerns from a contemporary perspective,...