Constructing and Deconstructing ESG Performance
March 20, 2023 - Aesthetic Investments, Equity Premium
Do good firm environmental, social and governance (ESG) ratings signal attractive stock returns? If so, what is the best way to exploit the signals? In their February 2023 paper entitled “Quantifying the Returns of ESG Investing: An Empirical Analysis with Six ESG Metrics”, Florian Berg, Andrew Lo, Roberto Rigobon, Manish Singh and Ruixun Zhang test… Keep Reading