arbiter
JournalsPricingAccount

Rising from the pandemic: do ESG factors matter for resiliency in the Italian Stock Market

Pasquale Marcello Falcone et al.

International Journal of Green Economics2026https://doi.org/10.1504/ijge.2026.151901article
ABDC C
Weight
0.50

What the paper says

This study examines the resilience of ESG investments across different phases of the COVID-19 pandemic, focusing on the Italian Stock Exchange. We compare the performance of firms included in the MIB ESG index with a carefully stratified control group of non-ESG companies. Using a network analysis approach, the results show a higher degree of resilience among ESG assets, particularly in the post-lockdown phase, when they exhibited a faster and stronger recovery than traditional investments. The findings suggest that firm-level commitments to environmental responsibility, social engagement, and sound governance can enhance market robustness during periods of uncertainty and stress. By providing empirical evidence on the stabilising role of ESG practices, the study contributes to the sustainable finance literature and improves understanding of the relationship between ESG investing and market dynamics. The analysis identifies consumer discretionary, healthcare, and technology as the sectors that benefited most from ESG adoption during the recovery phase.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1504/ijge.2026.151901

Or copy a formatted citation

@article{pasquale2026,
  title        = {{Rising from the pandemic: do ESG factors matter for resiliency in the Italian Stock Market}},
  author       = {Pasquale Marcello Falcone et al.},
  journal      = {International Journal of Green Economics},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1504/ijge.2026.151901},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Rising from the pandemic: do ESG factors matter for resiliency in the Italian Stock Market

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 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.