The rise of sustainable, responsible and impact investing: ETFs and ESG
Jesus Carmona et al.
Abstract
Socially responsible investing (SRI) has gained momentum in recent years. This research study investigated the impact of diverse events on SRI exchange-traded funds (ETFs). The applied event study methodology identified significant abnormal returns around the event dates. Some events had an impact across all the financial instruments, while others were specific to particular sectors. The results indicated that financial markets evaluate sustainable investing and renewable energy as resilient options in the face of uncertainty, such as the financial impacts of COVID-19. These results are further validated by sentiment analysis, indicating that social media evaluate SRI as less risky than traditional mutual funds in times of uncertainty.
2 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.31 × 0.4 = 0.13 |
| M · momentum | 0.55 × 0.15 = 0.08 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.