Sustainable Investing in Equilibrium
收藏NBER2019-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26549
下载链接
链接失效反馈官方服务：
资源简介：
We model investing that considers environmental, social, and governance (ESG) criteria. In equilibrium, green assets have low expected returns because investors enjoy holding them and because green assets hedge climate risk. Green assets nevertheless outperform when positive shocks hit the ESG
提供机构：
美国国家经济研究局
创建时间：
2019-12-01
