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dc.contributor.advisorEriksen W., Kristoffer
dc.contributor.authorManojlovic, Nikola
dc.contributor.authorTjessem, Kristian
dc.date.accessioned2021-09-08T16:27:06Z
dc.date.available2021-09-08T16:27:06Z
dc.date.issued2021
dc.identifierno.uis:inspera:82490702:1994338
dc.identifier.urihttps://hdl.handle.net/11250/2774746
dc.description.abstractESG awareness among both professional and retail investors has seen an increase in the last two decades. A large part of the literature finds that investing in companies with a high ESG score comes at a cost. We study to what extent company ESG data is consistent with the popularity framework, which claims that assets with preferences investors find popular demand a higher premium. 5917 global stocks were sorted into four quantiles based on their ESG scores. Backtesting was performed on these quantiles from 2003-2019. Analysis on global economic sectors and country specific ESG was also peformed. Overall we conclude that a company's ESG score is consistent with the popularity framework. The study shows that the least popular quantile, apart from a few minor cases, achieves superior returns when compared to the most popular quantile.
dc.description.abstract
dc.languageeng
dc.publisheruis
dc.titleNew empirical evidence for popularity in company ESG data
dc.typeMaster thesis


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