Τι ξέρουμε μέχρι σήμερα για τη σχέση μεταξύ επίδοσης ESG και απόδοσης επιχείρησης : μια βιβλιογραφική επισκόπηση
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Keywords
ESG επιδόσεις ; χρηματοοικονομική απόδοση επιχείρησης ; χρηματοοικονομικό ρίσκο επιχείρησης ; ΕΚΕ ; κλιματική αλλαγήAbstract
In this paper, the ESG (Environmental Social Governance) investment philosophy is examined from several perspectives. Historical sources present the beginning of this philosophy, its evolution until today and what is its ultimate purpose, thus its reason for existence.
We will study at the structure of ESG. Specifically, the legislative and regulatory framework, in which these investments can in principle be a legal choice by investors and capital managers, but also the obligation of companies to implement policies and publish information referred to ESG. We will also study at ESG rating company methodologies as well as the problems of these methodologies.
Through the review of a great number of academic studies, we will investigate the relationship between ESG performance, financial performance and financial risk. We will also study how investors view ESG, the role of institutional investors, activist investors, ESG investment time horizons, ESG information disclosure and ESG in relation to climate change.
ESG is partly against the world of traditional investments of the individuality of profit, since they are ethical investments in the direction of the well-being of society and the environment.