Showing 1 - 10 of 40
ESG investing has gained considerable traction over the past few years and, alongside smart beta, factor investing and alternative risk premia, is one of the current hot topics for the asset management industry. Nevertheless, even though large institutions such as insurance companies, pension...
Persistent link: https://www.econbiz.de/10012894798
Like ESG investing, climate change is an important concern for asset managers and owners, and a new challenge for portfolio construction. Until now, investors have mainly measured carbon risk using fundamental approaches, such as with carbon intensity metrics. Nevertheless, it has not been...
Persistent link: https://www.econbiz.de/10013247788
This article studies the impact of carbon risk on stock pricing. To address this, we consider the seminal approach of Görgen et al. (2019), who proposed estimating the carbon financial risk of equities by their carbon beta. To achieve this, the primary task is to develop a brown-minus-green (or...
Persistent link: https://www.econbiz.de/10012824689
Persistent link: https://www.econbiz.de/10012613458
Persistent link: https://www.econbiz.de/10012824297
This research is the companion study of three previous research projects conducted at Amundi that address the issue of socially responsible investing (SRI) in the stock market (Berg et al., 2014; Bennani et al., 2018a; Drei et al., 2019). The underlying idea of this new study is to explore the impact of...
Persistent link: https://www.econbiz.de/10012824299
Persistent link: https://www.econbiz.de/10014249455
Because of the 2015 Paris Agreement, the development of ESG investing and the emergence of net zero emission policies, climate risk is certainly the most important topic and challenge for asset owners and managers now and will remain so over the next five years. It considerably changes portfolio...
Persistent link: https://www.econbiz.de/10013309456
Persistent link: https://www.econbiz.de/10010473646
Persistent link: https://www.econbiz.de/10011942571