Do Green Stocks Get You the Green? Differential Impacts of S&P 500 ESG Index Labels on Firm Stock Prices
by Heera Rajavel Abstract On January 28, 2019, the S&P Dow Jones Indices launched the ESG S&P 500 Index, aiming to create a sustainable index fund with a similar risk/return profile to the S&P 500 Index. This study assesses the causal mechanisms behind the performance of the S&P 500 ESG Index by running two difference-in-differences […]
Shades of Green: An Examination Into Second Party ESG Ratings In The Municipal Green Bond Market
by Harrison Zane Cole Abstract Since the end of the pandemic the market capitalization of green bonds and investor interest in sustainable investments has grown massively. The tidal wave of ESG funds has accompanied many claims of greenwashing and extreme variation in investment quality. While many investors focus on doing their own due diligence, second […]
