Paper: ESG Shareholder Engagement and Downside Risk. A new paper from Andreas G.F. Hoepner, Ioannis Oikonomou, Zacharias Sautner, Laura T. Starks, and Xiao Y. Zhou asks “whether engagement on environmental, social and governance (ESG) issues can benefit shareholders by reducing firms’ downside risk, measured using the lower partial moment and value …
8/6/2020 · Across both measures, our analysis provides evidence that the institutional investor’s successful ESG engagements lead to significant subsequent reductions in the portfolio firms’ downside risk. Our evidence of this risk-reduction effect derives from two complementary methodologies, a difference-in-differences (DID) approach and a factor model approach.
9/19/2019 · We examine whether engagement on environmental, social and governance (ESG) issues can benefit shareholders by reducing firms’ downside risk, measured using the lower partial moment and value at risk. Using a proprietary database, we provide evidence supporting this hypothesis. We further find that the measured risk effects vary across engagement …
ESG Shareholder Engagement and Downside Risk European Commission Conference ‘Promoting Sustainable Finance’, Brussels, Jan 9th 2019 Presented previously at AFA 2018, IAF, MFS, Pictet, Q-Group, SOAS, SSE, and UCD Andreas G. F. Hoepner.
results are consistent with the practitioner argument that reducing the downside risks related to ESG factors is a major driver of direct shareholder engagement, because the shareholders are concerned about negative ESG exposures that imply substantial legal, reputational, operational, and financial, results are consistent with the practitioner argument that reducing the downside risks related to ESG factors is a major driver of direct shareholder engagement, because the shareholders are concerned about negative ESG exposures that imply substantial legal, reputational, operational, and financial, 8/14/2020 · Paper: ESG Shareholder Engagement and Downside Risk. A new paper from Andreas G.F. Hoepner, Ioannis Oikonomou, Zacharias Sautner, Laura T. Starks, and Xiao Y. Zhou asks “whether engagement on environmental, social and governance (ESG) issues can benefit shareholders by reducing firms’ downside risk, measured using the lower partial moment and value …
ESG Shareholder Engagement and Downside Risk 3rd Social Impact Conference, Rome, December 5th 2019 Presented previously at AFA 2018, CREDIT 2019, EFA 2019, European Commission, EU EBA, EU JRC, GRASFI 2019, IAF 2018, MFS, PRIAN 2019, Q-Group, SOAS, SSE & UCD Andreas G. F. Hoepner Smurfit Graduate Business School, University College Dublin
