A Closer Look at ESG and Volatility
Summary We analyze the forward-looking predictability of a consensus-based ESG score specifically as it relates to price volatility. We find that higher ESG scores are indicative of lower volatility over the following calendar year. This relationship is strongest for large cap stocks and is inverted for small companies. ESG Overview Investors’ focus on Environmental, Social Read more about A Closer Look at ESG and Volatility[…]