The Sustainability Footprint of Institutional Investors

By Rajna Gibson, Philipp Krueger. 2018

143 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/96e765a8ec30f5ed6a920c4626020bc9cf578fda

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. George Skiadopoulos
2. Rastin Matin
3. Renato Faccini
4. Sabrina Leo
5. Florian Berg
6. M. La Torre
7. Zacharias Sautner
8. Carol Alexander

In Strategy and Management

1. Kornelia Fabisik
2. F. Mango
3. Sabrina Leo
4. Florian Berg
5. Arturo Cafaro
6. M. La Torre
7. Zacharias Sautner

Citations in the corpus

• Rewriting History II: The (Un)Predictable Past of ESG Ratings (2020, background): “…Dimson et al. (2020) Coordinated engagements Working Paper Demers et al. (2020) ESG didn’t immunize stocks against the COVID-19 market crash Working Paper Gibson et al. (2020) The sustainability footprint of institutional investors: ESG driven price pressure and performance Working Paper Krueger…”
• Aggregate Confusion: The Divergence of ESG Ratings (2020, unknown): “…expectation from investors that companies perform well in terms of ESG performance (Liang and Renneboog, 2017; Riedl and Smeets, 2017; Amel-Zadeh and Serafeim, 2018; Gibson and Krueger, 2018; Dyck et al., 2019), especially with regard to risks associated with climate change (Krueger et al., 2020).”
• Dissecting Climate Risks: Are they Reflected in Stock Prices? (2021, background): “Finally, stronger investors’ preferences for sustainability may result in a positive pricing effect for high sustainability stocks, thus causing a mispricing (Gibson et al. (2020)).”
• Does the ESG Index Affect Stock Return? Evidence from the Eurostoxx50 (2020, background): “Krüger [21] demonstrates that investors respond differently to adverse Corporate Social Responsibility (CSR) events with respect to positive news: this response is weakly negative for positive CSR events, and it is strongly negative to adverse events.”
• Climate Risk and Capital Structure (2019, unknown): “Brandon and Krüger (2018) show that portfolios of institutions with longer investment horizons exhibit greater sustainability and that risk-adjusted performance is positively related to sustainability, primarily through a reduction in portfolio risk.”
• ESG Rating Disagreement and Stock Returns (2019, unknown): “…between equity risk and ESG disagreement is natural because prior research highlights a robustly negative relationship between stock-level risk and the quality of a firm’s ESG rating (Dunn, Fitzgibbons, and Pomorski 2018; Hoepner, Oikonomou, Sautner, Starks, and Zhou 2019; Gibson et al. 2020).”