ESG/Green Investment and Allocation of Portfolio Assets

Yoshino, Naoyuki; Yuyama, Tomonori

doi:10.25115/eea.v39i3.4628

Cited by 3 publications

(1 citation statement)

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“…Among the most prominent ESG characteristics are green investment and environmental preservation. The ESG program includes GI's participation in environmentally responsible initiatives (Yoshino & Yuyama, 2021;Zhang et al, 2021). The impact of imprudent growth has become more apparent as climate change threats have increased.…”

Section: Esg Reporting and Green Innovation Performancementioning

confidence: 99%

How ESG Reporting Effects on Green Credit , Green Investment : Moderating Role of Growth Sales

Rauf,

Wanqui,

Naveed

et al. 2023

Preprint

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Scholars and authorities are becoming more interested in environmental challenges, and experts have revealed their organizational consequences. At the same time, ESG reporting is regarded as a critical component of financial performance in developed and developing nations. In light of this, this study aims to investigate how China's manufacturing industry sales growth is impacted by ESG reporting, green innovation performance, green credit, green investment, and R&D intensity. Non-financial trade manufacturing companies listed on the Shanghai and Shenzhen stock exchanges between 2015 and 2020 were selected for this study. For data estimation, panel regression estimations using OLS, fixed effects models have been used. The results demonstrate a significant positive correlation between manufacturing industry growth sales in China and ESG reporting, green innovation performance, green credit, green investment, and R&D intensity. Lastly, several practical takeaways are offered to boost green innovation performance among ESG reporting enterprises and increase the effectiveness of R&D intensity. These findings, including Policy recommendations, will benefit all parties involved.

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Section: Esg Reporting and Green Innovation Performancementioning

confidence: 99%

How ESG Reporting Effects on Green Credit , Green Investment : Moderating Role of Growth Sales

Rauf,

Wanqui,

Naveed

et al. 2023

Preprint

View full text Add to dashboard Cite

show abstract

How ESG reporting is effected by sustainable finance and green innovation: moderating role of sales growth

Rauf,

Wanqiu,

Naveed

et al. 2023

Environ Sci Pollut Res

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Diversified ESG Evaluation by Rating Agencies and Net Carbon Tax to Regain Optimal Portfolio Allocation

Yoshino,

Yuyama,

Taghizadeh-Hesary

2023

Asian Economic Papers

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Environmental, Society, and Governance (ESG) investments have become increasingly popular in recent years, and, at the same time, many rating agencies provide ESG scores for each company. This means that the ESG investment model may have moved from the traditional two-factor model of risk-return to a three-factor model adding an ESG component to it. This paper highlights the potential for distortion of asset allocation through the shift from traditional risk-return considerations to ESG score considerations. This is equally true for green bonds, resulting in the potential for asset allocation to be distorted by green bond criteria. Furthermore, we show that imposing a net carbon tax on greenhouse gas (GHG) emissions is a measure to correct this distortion in asset allocation and make asset allocation more risk-return based, in addressing global environmental issues.

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ESG/Green Investment and Allocation of Portfolio Assets

Cited by 3 publications

References 0 publications

How ESG Reporting Effects on Green Credit , Green Investment : Moderating Role of Growth Sales

How ESG Reporting Effects on Green Credit , Green Investment : Moderating Role of Growth Sales

How ESG reporting is effected by sustainable finance and green innovation: moderating role of sales growth

Diversified ESG Evaluation by Rating Agencies and Net Carbon Tax to Regain Optimal Portfolio Allocation

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