Is ESG-ness the vaccine?
Applied Economics Letters
; 30(4):484-487, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2234451
ABSTRACT
In an attempt to foster debate on whether firms' commitment to ESG policies affects stocks risk-adjusted performance, we analysed the blue-chips of the European countries most affected by COVID-19. We found statistical evidence that companies that follow high ESG standards outperformed low ESG-ranked firms during Phase 1 of COVID-19. In particular, the dampening effect on the downside stock market movement was more evident during the first part of Phase 1 characterized by the sudden crash of stock prices.
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Prognostic study
Topics:
Vaccines
Language:
English
Journal:
Applied Economics Letters
Year:
2023
Document Type:
Article
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