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Cited by 143Corporate Social Responsibility ReportingSustainable Finance and Green BondsFinancial Markets and Investment Strategies

Four Facts About ESG Beliefs and Investor Portfolios

Open access
Giglio, Stefano, Maggiori, Matteo, Stroebel, Johannes, Tan, Zhenhao, Utkus, Stephen, Xu, Xiao·2023·National Bureau of Economic Research
DOI 10.3386/w31114
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Abstract

Stephen Utkus was formerly employed

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Crossref · 10.3386/w31114

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  • The retail investor survey by Giglio et al. (2023) elicits investors' long-run expectations about the return from ESG investing.

    “A step in that direction is the retail investor survey on ESG beliefs and perceptions by Giglio et al. (2023) eliciting investors' long-run expectations about the return from ESG investing.”

    From A review on ESG investing: Investors' expectations, beliefs and perceptions (2024) · cites this paper as Giglio et al. (2023)

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Cites

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Research works printed but not linked: 8

  1. Albuquerque, Rui, Yrjö Koskinen, and Chendi Zhang, "Corporate social responsibility and firm risk: Theory and empirical evidence," Management Science, 2019, 65 (10), 4451-4469.
  2. Alok, Shashwat, Nitin Kumar, and Russ Wermers, "Do fund managers misestimate climatic disaster risk," The Review of Financial Studies, 2020, 33 (3), 1146-1183. Journal of financial economics, 2009, 93 (1), 15-36.
  3. Hong, Harrison, G Andrew Karolyi, and José A Scheinkman, "Climate finance," The Review of Financial Studies, 2020, 33 (3), 1011-1023.
  4. Khan, Mozaffar, George Serafeim, and Aaron Yoon, "Corporate sustainability: First evidence on ma- teriality," The accounting review, 2016, 91 (6), 1697-1724.
  5. Merton, Robert C, "Lifetime portfolio selection under uncertainty: The continuous-time case," The re- view of Economics and Statistics, 1969, pp. 247-257.
  6. Pedersen, Lasse Heje, Shaun Fitzgibbons, and Lukasz Pomorski, "Responsible investing: The ESG- efficient frontier," Journal of Financial Economics, 2021, 142 (2), 572-597.
  7. Renneboog, Luc, Jenke Ter Horst, and Chendi Zhang, "Is ethical money financially smart? Nonfinan- cial attributes and money flows of socially responsible investment funds," Journal of Financial Interme- diation, 2011, 20 (4), 562-588.
  8. Whelan, Tensie, Ulrich Atz, Tracy Van Holt, and Casey Clark, "ESG and financial performance," Un- covering the Relationship by Aggregating Evidence from, 2021, 1, 2015-2020.

Cited by

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Authors
Giglio, S., Maggiori, M., Stroebel, J., Tan, Z., Utkus, S., & Xu, X.
Affiliations
National Bureau of Economic Research (US)
ORCID
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2023-04
DOI
10.3386/w31114
OpenAlex
W4363624502
Cited by
109
References
0
Citations by year
2026: 11 · 2025: 21 · 2024: 46 · 2023: 23 · 2022: 6 · 2021: 1 · 2020: 1
Type
report
Language
en
Open access
Locations
National Bureau of Economic Research (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
Keywords
investor portfolio, environmental, social and governance investing, investor preferences, portfolio optimization

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