Environmental, Social, and Governance (ESG) Investing: A Balanced Review of Theoretical Backgrounds and Practical Implications

Environmental, Social, and Governance (ESG) Investing presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, a global total of $23 trillion with the U.S. accounting for almost $9 trillion of it. Many advocate the sustainability goals promoted by ESG while others prefer to maximizing returns and then spending their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. Environmental, Social and Governance (ESG) Investing examines theories and their practical implications, illuminating issues that other books leave in the shadows. Provides a dispassionate examination of ESG investingPresents the historical arguments for maximizing returns and competing theories to support an ESG approachReviews case studies of empirical evidence about relative returns of both traditional and ESG investment approaches INDICE: 1. Introduction Part I: Background 2. Theories of the Firm 3. Fiduciaries and their Responsibilities 4. Overview of Financial Markets 5. Portfolio Diversification 6. Equity and Bond markets 7. ESG, SRI, and Impact Investments 8. ESG Direct Action 9. Shareholder Activism 10. ESG in Mutual Funds and ETFs Part II: Special Topics and Case Studies 11. University Endowments 12. Sovereign Wealth Funds 13. Family Office 14. Religious Fund 15. Multi-Investor Funds 16. Conclusions and Future Outlook

• ISBN: 978-0-12-818692-3
• Editorial: Academic Press
• Encuadernacion: Rústica
• Páginas: 386
• Fecha Publicación: 01/02/2020
• Nº Volúmenes: 1
• Idioma: Inglés