ESG did not immunize stocks during the COVID-19 crisis, but investments in intangible assets did [0.03%]
疫情期间 ESG 无法保障股票安全，投资于无形资产才能做到
Elizabeth Demers,Jurian Hendrikse,Philip Joos et al.
Elizabeth Demers et al.
Environmental, social and governance ("ESG") scores have been widely touted as indicators of share price resilience during the COVID-19 crisis. Contrary to this conventional wisdom, we present robust evidence that once industry affiliation,...
Pietro Perotti,Alfred Wagenhofer
Pietro Perotti
This paper examines how commonly used earnings quality measures fulfill a key objective of financial reporting, i.e., improving decision usefulness for investors. We propose a stock-price-based measure for assessing the quality of earnings ...