The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Corporate Governance, ESG, and Stock Returns around the World
Open accessAbstract
Non-financial performance measures, such as Environmental, Social, and Governance (“ESG”) measures, are potentially leading indicators of firms’ financial performance. I draw on the prior academic literature and the concept of ESG materiality to develop new corporate governance and ESG metrics. The new governance and ESG metrics predicted stock returns in a global investable universe over the tested period, suggesting potential investment value in curated ESG signals.
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Citations
Cites
Common risk factors in the returns on stocks and bonds
Fama, E. F., & French, K. R. (1993) · Journal of Financial Economics · doi:10.1016/0304-405x(93)90023-5 · Cited by 25,754
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Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
JEGADEESH, N., & TITMAN, S. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04702.x · Cited by 11,584
A five-factor asset pricing model
Fama, E. F., & French, K. R. (2015) · Journal of Financial Economics · doi:10.1016/j.jfineco.2014.10.010 · Cited by 7,852
Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848
The Worldwide Governance Indicators: Methodology and Analytical Issues
Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011) · Hague Journal on the Rule of Law · doi:10.1017/s1876404511200046 · Cited by 5,621
Size, value, and momentum in international stock returns
Fama, E. F., & French, K. R. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2012.05.011 · Cited by 1,767
Cited by
Does the ESG Index Affect Stock Return? Evidence from the Eurostoxx50
La Torre, M., Mango, F., Cafaro, A., & Leo, S. (2020) · Sustainability · doi:10.3390/su12166387 · Cited by 265
Metadata
- Authors
- Khan, M.
- Venue
- Financial Analysts Journal
- Publisher
- Informa UK Limited
- Published
- 2019-10-01
- Volume
- 75
- Issue
- 4
- Pages
- 103-123
- ISSN
- 0015-198X (ISSN-L)
- 1938-3312
- OpenAlex
- W2916618636
- Cited by
- 269
- References
- 7
- FWCI
- 14.25
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
