"The ESG investment boom and its effect on green innovation"
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/144706 |
Resumo: | The ESG investment boom brought scrutiny and stirred a raging debate on the true value of sustainable companies. While the majority of research focuses on past share performance and expected future returns, my paper aims to contribute to this debate, by shedding light on a less discussed aspect of ESG firm value: their output in terms of green innovation. Using detailed data on green patenting, my fixed effect regression analysis shows that despite the significant capital flows to the sector, reflected in higher stock returns, companies have taken lackluster steps towards combating the effects of climate change innovatively. My results cast doubt on the relevance of the ESG scoring system for real environmental outcomes and support calls for regulatory action. |
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"The ESG investment boom and its effect on green innovation"Technological innovationGreenwashingSustainable financeEsgEnvironmental sustainabilityGreenEsg ratingsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe ESG investment boom brought scrutiny and stirred a raging debate on the true value of sustainable companies. While the majority of research focuses on past share performance and expected future returns, my paper aims to contribute to this debate, by shedding light on a less discussed aspect of ESG firm value: their output in terms of green innovation. Using detailed data on green patenting, my fixed effect regression analysis shows that despite the significant capital flows to the sector, reflected in higher stock returns, companies have taken lackluster steps towards combating the effects of climate change innovatively. My results cast doubt on the relevance of the ESG scoring system for real environmental outcomes and support calls for regulatory action.Desai, PranavRUNExarchos, Orestis2022-10-14T13:21:28Z2022-06-152022-05-192022-06-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/144706TID:203064216enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-05-22T18:05:59Zoai:run.unl.pt:10362/144706Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-05-22T18:05:59Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
"The ESG investment boom and its effect on green innovation" |
title |
"The ESG investment boom and its effect on green innovation" |
spellingShingle |
"The ESG investment boom and its effect on green innovation" Exarchos, Orestis Technological innovation Greenwashing Sustainable finance Esg Environmental sustainability Green Esg ratings Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
"The ESG investment boom and its effect on green innovation" |
title_full |
"The ESG investment boom and its effect on green innovation" |
title_fullStr |
"The ESG investment boom and its effect on green innovation" |
title_full_unstemmed |
"The ESG investment boom and its effect on green innovation" |
title_sort |
"The ESG investment boom and its effect on green innovation" |
author |
Exarchos, Orestis |
author_facet |
Exarchos, Orestis |
author_role |
author |
dc.contributor.none.fl_str_mv |
Desai, Pranav RUN |
dc.contributor.author.fl_str_mv |
Exarchos, Orestis |
dc.subject.por.fl_str_mv |
Technological innovation Greenwashing Sustainable finance Esg Environmental sustainability Green Esg ratings Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Technological innovation Greenwashing Sustainable finance Esg Environmental sustainability Green Esg ratings Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The ESG investment boom brought scrutiny and stirred a raging debate on the true value of sustainable companies. While the majority of research focuses on past share performance and expected future returns, my paper aims to contribute to this debate, by shedding light on a less discussed aspect of ESG firm value: their output in terms of green innovation. Using detailed data on green patenting, my fixed effect regression analysis shows that despite the significant capital flows to the sector, reflected in higher stock returns, companies have taken lackluster steps towards combating the effects of climate change innovatively. My results cast doubt on the relevance of the ESG scoring system for real environmental outcomes and support calls for regulatory action. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-10-14T13:21:28Z 2022-06-15 2022-05-19 2022-06-15T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/144706 TID:203064216 |
url |
http://hdl.handle.net/10362/144706 |
identifier_str_mv |
TID:203064216 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
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1817545893187944448 |