The global pricing of environmental, social, and governance (ESG) criteria

Gregory, Richard Paul; Stead, Jean Garner; Stead, Edward

doi:10.1080/20430795.2020.1731786

Cited by 28 publications

(13 citation statements)

References 37 publications

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“…Garzón-Jiménez and Zorio-Grima (2021) conducts study on 30 emerging countries and found negative association between ENV, SOC and GOV disclosure scores and K e . Gregory et al (2021) developed an expanded asset valuation model called the ESG model that considers ecological and natural capital as sustainability factors, and these factors have a negative relationship with the cost of capital. Albarrak et al (2019) highlighted that if the information related to environmental factors (carbon emission) is disseminated over social media platforms (Twitter), it has a significant and negative association with the K e .…”

Section: Literature Reviewmentioning

confidence: 99%

Do Equity Investors Care about Environment, Social and Governance (ESG) Disclosure Performance? Evidence from India

Mulchandani

Iyer

et al. 2022

Global Business Review

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Sustainability reporting is an essential feature for firms looking for business opportunities. We investigated whether and how environmental, social and governance performance disclosures impact the cost of equity capital, individually and in aggregate. Data for 89 Indian firms listed on exchange during 2017–2020 is considered for the study. Fixed-effect panel regression is applied to data for examining the relationship between ESG and the cost of equity capital. Results of the study show that ESG performance disclosure negatively impacts cost of equity capital, providing the firm with capital at a lower cost. ESG disclosures create long-term value for investors and reduce information asymmetry, thereby building investors’ confidence.

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Section: Literature Reviewmentioning

confidence: 99%

Do Equity Investors Care about Environment, Social and Governance (ESG) Disclosure Performance? Evidence from India

Mulchandani

Iyer

et al. 2022

Global Business Review

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“…Many experts note that ESG indicators are considered to be an important factor of competitiveness of a modern company and have a positive meaning in terms of competitive advantage of the company [71]. However, some researchers say that there is a negative relationship between sustainability performance and the cost of capital [72].…”

Section: Economic Indicatorsmentioning

confidence: 99%

Basic Principles (Indicators) for Assessing the Technical and Economic Potential of Developing Arctic Offshore Oil and Gas Fields

Stroykov

Vasilev

Zhukov

2021

JMSE

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Sustainable development of the Arctic is the main priority of the state policy regarding regional development of the Russian Federation. The study of the Arctic zone of the Russian Federation for the formation of principles, methods and strategies, as well as organizational and economic mechanisms for its sustainable development is topical at present. This article deals with one of the strategic decision-making tools used in the process of implementing the development program for the Russian Arctic, namely, the assessment of the technical and economic potential of the Arctic fields. The purpose of this assessment is to rank the fields according to the priority of their commissioning for a more optimal distribution of costs in the development of Arctic resources. This paper presents the results and methodology of technical and economic potential estimation in general, and the potential of the Arctic oil and gas fields in particular. An analysis of the conceptual apparatus in the field of the evaluation of various types of potential is carried out. The methodology for assessing the technical and economic potential of a field are investigated. The problems arising in the process of such an assessment are revealed. Recommendations for improving the methodology of assessing the technical and economic potential of oil and gas fields in the Arctic are given. The necessity of expanding the list of indicators for assessing the technical and economic potential of these fields, taking into account current trends, has been noted. A list of 10 technical and 26 economic indicators to assess the technical and economic potential of the development of offshore Arctic fields is proposed.

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“…The ESG criteria affect the valuation of firms too. In a research-based on five-factor mode, the authors incorporated sustainability premium as an additional factor loading and found a negative relationship between the cost of capital and sustainability performance (Gregory, Stead & Stead, 2020). The researchers have used experimental methods to investigate investors' behaviour towards socially responsible investments.…”

Section: Literature Review and Theoretical Backgroundmentioning

confidence: 99%

Responsible Investing: A Study on Non-Economic Goals and Investors’ Characteristics

Sharma

Mehta

Vyas

2020

AFL

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The notion of rational investment is not attuned with the idea of socially responsible investment. Incongruence with conventional investments, the SRI/sustainable investment/ethical investment is pertained to ethical, environmental and social criteria (Eccles and Viviers,2011). All investors are not single-minded for an objective of wealth creation. The welfare of society and the environment are among the other drivers of investment. In certain cases, investors do prefer sustainable development to personal financial aspects (Beal et al., 2005). The present study has primarily focused on assessing the relationship between individual investors’ attributes and their noneconomic goal in order to comprehend their socially responsible investment behaviour specifically in Indian scenario. The findings of study are useful for fund managers, regulators and researchers as study has provided useful insights regarding behaviour of Indian investors for responsible investments.

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The global pricing of environmental, social, and governance (ESG) criteria

Cited by 28 publications

References 37 publications

Do Equity Investors Care about Environment, Social and Governance (ESG) Disclosure Performance? Evidence from India

Do Equity Investors Care about Environment, Social and Governance (ESG) Disclosure Performance? Evidence from India

Basic Principles (Indicators) for Assessing the Technical and Economic Potential of Developing Arctic Offshore Oil and Gas Fields

Responsible Investing: A Study on Non-Economic Goals and Investors’ Characteristics

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