The world's single largest stockowner, Norway's sovereign wealth fund, makes ESG announcements about the products or conduct of its invested firms. The announcements regard divesting from firms or placing them on a watch-list based on the fund's ethical guidelines. We analyze market reactions to...

This paper studies the relationship between stock return, composition of their institutional investor ownership, and ESG performance. Specifically, we followed Brian Bushee6’s way of identification to identify institutional investors into three different types (transient, dedicated,...