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The Performance of Green Indexes in Relation to the Standard Benchmarks: A European Analysis.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The Performance of Green Indexes in Relation to the Standard Benchmarks: A European Analysis./
作者:	Fernandes, Cristiana Carvalho.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
面頁冊數:	56 p.
附註:	Source: Dissertations Abstracts International, Volume: 84-01, Section: A.
Contained By:	Dissertations Abstracts International84-01A.
標題:	Sustainability. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29150030
ISBN:	9798835565092

The Performance of Green Indexes in Relation to the Standard Benchmarks: A European Analysis.
Fernandes, Cristiana Carvalho.

The Performance of Green Indexes in Relation to the Standard Benchmarks: A European Analysis. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 56 p.

Source: Dissertations Abstracts International, Volume: 84-01, Section: A.

Thesis (M.Fin.)--Universidade do Porto (Portugal), 2021.

This item must not be sold to any third party vendors.

Even though many studies have been done to discover what factors influence business sustainability, there are still numerous conflicting results and a lack of information on some of the determinants.This dissertation investigates the impact of Environmental, Social, and Governance (ESG) principles on firm performance and how this impact occurs at the index level for a period of nine years, from 2012 to 2020. The topic of governance is also discussed as an essential component of a company's sustainable culture. To perform this study, two samples of 50 European firms were evaluated: one from the STOXX Europe ESG Leaders 50 Index and the other from a non-sustainable index built explicitly for this purpose with the 50 most comparable companies compared by sector, size (average annual market capitalization for 2020), and risk (average monthly volatility for 2020).The methodology chosen for this analysis includes analyses of monthly raw returns, excess returns, return variability, and risk-adjusted return measures. Simultaneously, regression analysis is being used to conduct a more in-depth impact analysis of specific indicators, such as size, leverage, level of growth options, profitability, financial capacity, and governance scores, on Corporate Social Responsibility (CSR).The main results are consistent with other studies, such as Sauer (1997), Harjoto and Jo (2011), and Charlo, Moya, and Munoz (2015): sustainable investing has been shown to be just as profitable as non-sustainable investing, positively related with firm size, financial capacity, level of growth, and corporate governance. Investors are encouraged to support socially responsible investments without sacrificing their portfolio's performance. It has also been suggested that enrollment in a sustainable index does not significantly improve a company's performance.

ISBN: 9798835565092Subjects--Topical Terms:

1029978
Sustainability.

The Performance of Green Indexes in Relation to the Standard Benchmarks: A European Analysis.
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500 $a Source: Dissertations Abstracts International, Volume: 84-01, Section: A.
500 $a Advisor: Farinha, Jorge;Lobao, Julio.
502 $a Thesis (M.Fin.)--Universidade do Porto (Portugal), 2021.
506 $a This item must not be sold to any third party vendors.
520 $a Even though many studies have been done to discover what factors influence business sustainability, there are still numerous conflicting results and a lack of information on some of the determinants.This dissertation investigates the impact of Environmental, Social, and Governance (ESG) principles on firm performance and how this impact occurs at the index level for a period of nine years, from 2012 to 2020. The topic of governance is also discussed as an essential component of a company's sustainable culture. To perform this study, two samples of 50 European firms were evaluated: one from the STOXX Europe ESG Leaders 50 Index and the other from a non-sustainable index built explicitly for this purpose with the 50 most comparable companies compared by sector, size (average annual market capitalization for 2020), and risk (average monthly volatility for 2020).The methodology chosen for this analysis includes analyses of monthly raw returns, excess returns, return variability, and risk-adjusted return measures. Simultaneously, regression analysis is being used to conduct a more in-depth impact analysis of specific indicators, such as size, leverage, level of growth options, profitability, financial capacity, and governance scores, on Corporate Social Responsibility (CSR).The main results are consistent with other studies, such as Sauer (1997), Harjoto and Jo (2011), and Charlo, Moya, and Munoz (2015): sustainable investing has been shown to be just as profitable as non-sustainable investing, positively related with firm size, financial capacity, level of growth, and corporate governance. Investors are encouraged to support socially responsible investments without sacrificing their portfolio's performance. It has also been suggested that enrollment in a sustainable index does not significantly improve a company's performance.
520 $a Apesar de muitos estudos terem sido feitos para descobrir quais os fatores que influenciam a sustentabilidade empresarial, existem ainda numerosos resultados contraditorios e uma falta de informacao sobre alguns dos determinantes.Esta dissertacao visa investigar o impacto dos principios Ambientais, Sociais e de Governacao (ESG) no desempenho das empresas e como este impacto ocorre ao nivel dos indices durante um periodo de nove anos, de 2012 a 2020. O tema de governance e tambem discutido como uma componente essencial da cultura sustentavel de uma empresa. Para realizar este estudo, foram avaliadas duas amostras de 50 empresas europeias: uma do STOXX Europe ESG Leaders 50 Index e a outra de um indice nao sustentavel construido explicitamente para este fim com as 50 empresas mais comparaveis avaliando por sector, dimensao (capitalizacao media anual de mercado para 2020), e risco (volatilidade media mensal para 2020).A metodologia escolhida para esta analise inclui analises de retornos bruto mensais, retornos elevados, variabilidade do retorno, e medidas de retorno ajustadas ao risco. Simultaneamente, a analise de regressoes foi utilizada para conduzir uma analise mais aprofundada do impacto de certos indicadores, tais como dimensao, alavancagem, nivel de opcoes de crescimento, rentabilidade, capacidade financeira, e pontuacoes de governance, sobre a Responsabilidade Social das Empresas (RSE).Os principais resultados sao consistentes com outros estudos, tais como Sauer (1997), Jo and Harjoto (2011), e Charlo et al. (2015): o investimento sustentavel tem demonstrado ser tao rentavel como o investimento nao sustentavel, positivamente relacionado com a dimensao da empresa, capacidade financeira, nivel de crescimento, e corporate governance. Os investidores sao encorajados a apoiar investimentos socialmente responsaveis sem sacrificar o desempenho da sua carteira. Tambem tem sido sugerido que pertencer a um indice sustentavel nao melhora significativamente o desempenho de uma empresa.
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