Forleo, Gianmarco (A.A. 2021/2022) Assessing the impact of ESG scores on the return and risk profile of European companies during the Covid-19 global pandemic. Tesi di Laurea in Business valuation, Luiss Guido Carli, relatore Marco Vulpiani, pp. 80. [Master's Degree Thesis]

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Abstract/Index

An introduction to ESG. Shareholder theory and stakeholder theory. Political environment. The difference between CSR and ESG. The psychology of ESG investing. ESG investing motivations. The non-rationality of sustainable investing. The non-scalability of ESG investing. Warm glow as an explanation for investors’ behavior. A description of ESG investment strategies. ESG investment strategies and their global assets under management. ESG investment strategy growth. Theoretical background. The discounted cash flow (DCF) valuation method. The cash flow channel. The idiosyncratic risk channel. The systemic risk channel. Literature review. The impact of ESG on financial and economic returns. The relationship between ESG efforts and stock risk. Performance of ESG-positive assets in times of crises. Empirical research. Hypothesis definition. Data source. Variables selection. Econometric model. Descriptive statistics. Regression results. Robustness tests.

References

Bibliografia: pp. 75-79.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Business valuation
Thesis Supervisor:	Vulpiani, Marco
Thesis Co-Supervisor:	Torrisi, Alfio
Academic Year:	2021/2022
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	26 Sep 2023 08:37
Last Modified:	26 Sep 2023 08:37
URI:	https://tesi.luiss.it/id/eprint/36513

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