ESG vs conventional funds: a comparative analysis of returns and alpha
Gaglianone, Giuseppe (A.A. 2024/2025) ESG vs conventional funds: a comparative analysis of returns and alpha. Tesi di Laurea in Corporate governance, Luiss Guido Carli, relatore Giovanni Fiori, pp. 40. [Master's Degree Thesis]
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Abstract/Index
Integrating ESG factors in investments: a literature review. ESG framework. Growth in ESG Asset under management (AUM). ESG factors in investment decisions. ESG vs conventional fund performance. The alpha and the risk adjusted pricing models. The alpha as key performance metric. The Capital asset pricing model (CAPM). The Fama-French model (FF). The Fama-French-Carhart model (FFC). Synthesis of models and introduction to the empirical analysis. Empirical analysis. Data source. Sample selection. Comparative analysis of historical returns. Performance analysis trough CAPM, FF and FFC model. Interpretation of results and the difference between return and alpha.
References
Bibliografia: pp. 36-38.
| 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: | Corporate governance |
| Thesis Supervisor: | Fiori, Giovanni |
| Thesis Co-Supervisor: | Zattoni, Alessandro |
| Academic Year: | 2024/2025 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 06 Nov 2025 15:38 |
| Last Modified: | 06 Nov 2025 15:38 |
| URI: | https://tesi.luiss.it/id/eprint/43698 |
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