| Publikationstyp: | Konferenz: Paper |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Sustainability in the time of uncertainty |
| Autor/-in: | Meyer, Julia Mahmoud, Ola |
| et. al: | No |
| Angaben zur Konferenz: | Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020 |
| Erscheinungsdatum: | 2020 |
| Sprache: | Englisch |
| Fachgebiet (DDC): | 332: Finanzwirtschaft |
| Zusammenfassung: | We present evidence that sustainability ratings reflect stock-inherent uncertainty. Sustainability scores are econometrically decomposed into three orthogonal components capturing uncertainty, investor sentiment, as well as an idiosyncratic sustainability factor. Examining the shock of the COVID-19 pandemic, we show that the resilience of sustainable stocks during the crash is principally driven through the uncertainty channel. Experimental evidence on investor preferences for sustainability supports the premise that sustainability is valued during the crash. The results shed light on the type of market information encoded in sustainability and the resulting impact on resilience in times of uncertainty. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/22051 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Institut für Financial Management (IFI) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Meyer, J., & Mahmoud, O. (2020). Sustainability in the time of uncertainty. Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020.
Meyer, J. and Mahmoud, O. (2020) ‘Sustainability in the time of uncertainty’, in Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020.
J. Meyer and O. Mahmoud, “Sustainability in the time of uncertainty,” in Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020, 2020.
MEYER, Julia und Ola MAHMOUD, 2020. Sustainability in the time of uncertainty. In: Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020. Conference paper. 2020
Meyer, Julia, and Ola Mahmoud. 2020. “Sustainability in the Time of Uncertainty.” Conference paper. In Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020.
Meyer, Julia, and Ola Mahmoud. “Sustainability in the Time of Uncertainty.” Global Research Alliance for Sustainble Finance and Investment, 3rd Annual Conference, Columbia University, USA, 8-11 September 2020, 2020.
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