Comment on “Inclusive Wealth and ESG Practices: Financial Impacts in a Global Context”
Author
Abstract
Suggested Citation
DOI: 10.1111/aepr.70012
Download full text from publisher
References listed on IDEAS
- Pástor, Ľuboš & Stambaugh, Robert F. & Taylor, Lucian A., 2021.
"Sustainable investing in equilibrium,"
Journal of Financial Economics, Elsevier, vol. 142(2), pages 550-571.
- Pástor, Luboš & Stambaugh, Robert F. & Taylor, Lucian, 2019. "Sustainable Investing in Equilibrium," CEPR Discussion Papers 14171, Centre for Economic Policy Research.
- Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2020. "Sustainable Investing in Equilibrium," Working Papers 2020-23, Becker Friedman Institute for Research In Economics.
- Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2019. "Sustainable Investing in Equilibrium," NBER Working Papers 26549, National Bureau of Economic Research, Inc.
- Karl V. Lins & Henri Servaes & Ane Tamayo, 2017.
"Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis,"
Journal of Finance, American Finance Association, vol. 72(4), pages 1785-1824, August.
- Lins, Karl V. & Servaes, Henri & Tamayo, Ane, 2017. "Social capital, trust, and firm performance: the value of corporate social responsibility during the financial crisis," LSE Research Online Documents on Economics 68059, London School of Economics and Political Science, LSE Library.
- Ravi Bansal & Di (Andrew) Wu & Amir Yaron, 2022. "Socially Responsible Investing in Good and Bad Times," The Review of Financial Studies, Society for Financial Studies, vol. 35(4), pages 2067-2099.
- Florian Berg & Julian F Kölbel & Roberto Rigobon, 2022. "Aggregate Confusion: The Divergence of ESG Ratings [Corporate social responsibility and firm risk: theory and empirical evidence]," Review of Finance, European Finance Association, vol. 26(6), pages 1315-1344.
- Aaron K. Chatterji & Rodolphe Durand & David I. Levine & Samuel Touboul, 2016. "Do ratings of firms converge? Implications for managers, investors and strategy researchers," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1597-1614, August.
- Jeffrey M Wooldridge, 2010.
"Econometric Analysis of Cross Section and Panel Data,"
MIT Press Books,
The MIT Press,
edition 2, volume 1, number 0262232588, December.
- Jeffrey M. Wooldridge, 2001. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262232197, December.
- Jun Xie & Kenichi Yoshida & Shuning Chen & Alexander Ryota Keeley & Hidemichi Fujii & Shunsuke Managi, 2026. "Inclusive Wealth and ESG Practices: Financial Impacts in a Global Context," Asian Economic Policy Review, Japan Center for Economic Research, vol. 21(1), pages 24-38, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Cheng, Louis T.W. & Cheong, Tsun Se & Wojewodzki, Michal & Chui, David, 2025. "The effect of ESG divergence on the financial performance of Hong Kong-listed firms: An artificial neural network approach," Research in International Business and Finance, Elsevier, vol. 73(PA).
- Roman Kräussl & Tobi Oladiran & Denitsa Stefanova, 2024.
"A review on ESG investing: Investors’ expectations, beliefs and perceptions,"
Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 476-502, April.
- Kräussl, Roman & Oladiran, Tobi & Stefanova, Denitsa, 2023. "A review on ESG investing: Investors' expectations, beliefs and perceptions," CFS Working Paper Series 694, Center for Financial Studies (CFS).
- Alona Bilokha & Mingying Cheng & Mengchuan Fu & Iftekhar Hasan, 2025. "Understanding CSR champions: a machine learning approach," Annals of Operations Research, Springer, vol. 347(1), pages 761-774, April.
- Lestari, Jenjang Sri & Frömmel, Michael, 2024. "Socially responsible investments: doing good while doing well in developed versus emerging markets?," Research in International Business and Finance, Elsevier, vol. 69(C).
- Candelon, Bertrand & Hasse, Jean-Baptiste, 2026. "ESG Mutual Fund Attributes and Investor Behavior," LIDAM Discussion Papers LFIN 2026001, Université catholique de Louvain, Louvain Finance (LFIN).
- Ruan, Lei & Li, Jianing & Huang, Siqi, 2025. "ESG rating adjustment and capital market pricing efficiency: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 98(C).
- Wang, Jianli & Xiao, Xiao & Dong, Minghua & Li, Jingyuan, 2025. "Does ESG rating disagreement discourage corporate green innovation? Evidence from China," Research in International Business and Finance, Elsevier, vol. 80(C).
- Ahmed Bouteska & Murad Harasheh & Giovanni Esposito, 2026. "Climate Transition Risk, ESG Rating Divergence and Portfolio Performance: Evidence From Composite Scores and Climate‐Adjusted Factor Models," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 31(2), pages 2208-2228, April.
- Oehler, Andreas & Neuss, Charlotte, 2025. "ESG disclosure vs. ESG ratings: Consistent information value?," International Review of Financial Analysis, Elsevier, vol. 107(C).
- Xin, Wei & Grant, Lewis & Groom, Ben & Zhang, Chendi, 2025. "Noisy biodiversity: The impact of ESG biodiversity ratings on asset prices," Ecological Economics, Elsevier, vol. 236(C).
- Ferriani, Fabrizio, 2023.
"Issuing bonds during the Covid-19 pandemic: Was there an ESG premium?,"
International Review of Financial Analysis, Elsevier, vol. 88(C).
- Fabrizio Ferriani, 2022. "Issuing bonds during the Covid-19 pandemic: is there an ESG premium?," Temi di discussione (Economic working papers) 1392, Bank of Italy, Economic Research and International Relations Area.
- Cauthorn, Thomas & Dumrose, Maurice & Eckert, Julia & Klein, Christian & Zwergel, Bernhard, 2023. "Rating changes revisited: New evidence on short-term ESG momentum," Finance Research Letters, Elsevier, vol. 54(C).
- Wang, Jianli & Wang, Shaolin & Dong, Minghua & Wang, Hongxia, 2024. "ESG rating disagreement and stock returns: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 91(C).
- Kim, Sehoon & Kumar, Nitish & Lee, Jongsub & Oh, Junho, 2025. "ESG lending," Journal of Financial Economics, Elsevier, vol. 173(C).
- Mihir Tirodkar & Henk Berkman, 2023. "Are polluters shunned? A study on the institutional ownership and returns of polluter stocks," The Financial Review, Eastern Finance Association, vol. 58(3), pages 513-537, August.
- Lioui, Abraham & Tarelli, Andrea, 2022. "Chasing the ESG factor," Journal of Banking & Finance, Elsevier, vol. 139(C).
- Kathan, Manuel C. & Utz, Sebastian & Dorfleitner, Gregor & Eckberg, Jens & Chmel, Lea, 2025. "What you see is not what you get: ESG scores and greenwashing risk," Finance Research Letters, Elsevier, vol. 74(C).
- Avramov, Doron & Cheng, Si & Tarelli, Andrea, 2026. "Active fund management when ESG matters," Journal of Banking & Finance, Elsevier, vol. 182(C).
- Fiordelisi, Franco & Ricci, Ornella & Santilli, Gianluca, 2023. "Environmental engagement and stock price crash risk: Evidence from the European banking industry," International Review of Financial Analysis, Elsevier, vol. 88(C).
- Bassen, Alexander & Kordsachia, Othar & Lopatta, Kerstin & Tan, Weiqiang, 2025. "Revenue alignment with the EU taxonomy regulation in developed markets," Journal of Banking & Finance, Elsevier, vol. 170(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:asiapr:v:21:y:2026:i:1:p:39-40. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/jcerrjp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/bla/asiapr/v21y2026i1p39-40.html