An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry

Detalhes bibliográficos
Autor(a) principal: Spaeth, Hannah
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/10362/158105
Resumo: This thesis analyzes the impact of ESG performance on stock returns in capital markets. Da tasets of globally listed companies in the automotive, chemical, apparel manufacturer and re tailer, and utility industries are considered. Portfolios with the best (worst) ranked companies in terms of ESG are constructed. The results of four multiple regression models show no sig nificant results for portfolios composed of the best ESG companies in any of the considered industries. Portfolios consisting of the lowest-rated chemical and apparel manufacturer and re tailer companies generate significantly positive abnormal returns, while the automotive and utility portfolios show no significant results.
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spelling An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industryEsgSustainable financeInvestment approachStock returnsUtility industryDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis thesis analyzes the impact of ESG performance on stock returns in capital markets. Da tasets of globally listed companies in the automotive, chemical, apparel manufacturer and re tailer, and utility industries are considered. Portfolios with the best (worst) ranked companies in terms of ESG are constructed. The results of four multiple regression models show no sig nificant results for portfolios composed of the best ESG companies in any of the considered industries. Portfolios consisting of the lowest-rated chemical and apparel manufacturer and re tailer companies generate significantly positive abnormal returns, while the automotive and utility portfolios show no significant results.Leite, Antonio NogueiraRUNSpaeth, Hannah2023-09-22T09:53:01Z2023-01-182022-12-162023-01-18T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/158105TID:203314476enginfo: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:RCAAP2024-03-11T05:40:23Zoai:run.unl.pt:10362/158105Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:59.219167Repositório 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 An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
title An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
spellingShingle An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
Spaeth, Hannah
Esg
Sustainable finance
Investment approach
Stock returns
Utility industry
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
title_full An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
title_fullStr An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
title_full_unstemmed An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
title_sort An investors perspective: can an esg aware investor achieve abnormal returns on the stock market? - the case of the utility industry
author Spaeth, Hannah
author_facet Spaeth, Hannah
author_role author
dc.contributor.none.fl_str_mv Leite, Antonio Nogueira
RUN
dc.contributor.author.fl_str_mv Spaeth, Hannah
dc.subject.por.fl_str_mv Esg
Sustainable finance
Investment approach
Stock returns
Utility industry
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Esg
Sustainable finance
Investment approach
Stock returns
Utility industry
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This thesis analyzes the impact of ESG performance on stock returns in capital markets. Da tasets of globally listed companies in the automotive, chemical, apparel manufacturer and re tailer, and utility industries are considered. Portfolios with the best (worst) ranked companies in terms of ESG are constructed. The results of four multiple regression models show no sig nificant results for portfolios composed of the best ESG companies in any of the considered industries. Portfolios consisting of the lowest-rated chemical and apparel manufacturer and re tailer companies generate significantly positive abnormal returns, while the automotive and utility portfolios show no significant results.
publishDate 2022
dc.date.none.fl_str_mv 2022-12-16
2023-09-22T09:53:01Z
2023-01-18
2023-01-18T00:00:00Z
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/10362/158105
TID:203314476
url http://hdl.handle.net/10362/158105
identifier_str_mv TID:203314476
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
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