| dc.contributor.author | Ottesen, Dan Fredrik Clemp | |
| dc.contributor.author | Zilinskas, Sarunas | |
| dc.date.accessioned | 2020-11-09T09:06:45Z | |
| dc.date.available | 2020-11-09T09:06:45Z | |
| dc.date.issued | 2020 | |
| dc.identifier.uri | https://hdl.handle.net/11250/2686872 | |
| dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2020 | en_US |
| dc.description.abstract | We nd that value-weighted portfolios long US stocks from compa-
nies with low Environmental, Social and Governance (ESG)-ratings
and short stocks with high ESG-ratings have returned annualized
5-factor alphas between 6.9% and 10.8% in the period of 2010 and
2018 depending on the choice of breakpoint. Through analysing
holdings of institutional investors, we nd that the di erence in
performance cannot be attributed to behavioral changes such as
negative screening of low-rated ESG stocks or impact investing in
high-rated ESG stocks. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Handelshøyskolen BI | en_US |
| dc.subject | finans | en_US |
| dc.subject | finance | en_US |
| dc.title | ESG-Ratings and Returns | en_US |
| dc.type | Master thesis | en_US |
